Alto Ingredients Inc (NASDAQ: ALTO)’s stock price has gone decline by -9.74 in comparison to its previous close of 1.95, however, the company has experienced a -6.88% decrease in its stock price over the last five trading days. Seeking Alpha reported 2024-05-06 that Alto Ingredients, Inc. (NASDAQ:ALTO ) Q1 2024 Earnings Conference Call May 6, 2024 5:00 PM ET Company Participants Kirsten Chapman – LHA Investor Relations Bryon McGregor – President and Chief Executive Officer Rob Olander – Chief Financial Officer Conference Call Participants Eric Stine – Craig-Hallum Capital Group Amit Dayal – H.C.W David Bastian – Kingdom Capital Advisors Operator Good day, and welcome to the Alto Ingredients, Inc. First Quarter 2024 Financial Results Conference Call. All participants are in listen-only mode.
Is It Worth Investing in Alto Ingredients Inc (NASDAQ: ALTO) Right Now?
The 36-month beta value for ALTO is at 1.91. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ALTO is 71.46M, and currently, shorts hold a 1.46% of that float. The average trading volume for ALTO on May 08, 2024 was 565.02K shares.
ALTO’s Market Performance
The stock of Alto Ingredients Inc (ALTO) has seen a -6.88% decrease in the past week, with a -19.63% drop in the past month, and a -5.88% fall in the past quarter. The volatility ratio for the week is 6.16%, and the volatility levels for the past 30 days are at 4.54% for ALTO. The simple moving average for the past 20 days is -10.32% for ALTO’s stock, with a -39.27% simple moving average for the past 200 days.
ALTO Trading at -14.13% from the 50-Day Moving Average
After a stumble in the market that brought ALTO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -64.62% of loss for the given period.
Volatility was left at 4.54%, however, over the last 30 days, the volatility rate increased by 6.16%, as shares sank -20.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.63% lower at present.
During the last 5 trading sessions, ALTO fell by -6.88%, which changed the moving average for the period of 200-days by -52.43% in comparison to the 20-day moving average, which settled at $1.9405. In addition, Alto Ingredients Inc saw -33.83% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ALTO starting from NATHAN GILBERT E, who purchase 5,000 shares at the price of $1.97 back on Jun 01 ’23. After this action, NATHAN GILBERT E now owns 583,909 shares of Alto Ingredients Inc, valued at $9,850 using the latest closing price.
NATHAN GILBERT E, the Director of Alto Ingredients Inc, purchase 5,000 shares at $1.99 during a trade that took place back on May 31 ’23, which means that NATHAN GILBERT E is holding 578,909 shares at $9,950 based on the most recent closing price.
Stock Fundamentals for ALTO
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.23 for the gross margin
The net margin for Alto Ingredients Inc stands at -0.02. The total capital return value is set at 0.25. Equity return is now at value -9.48, with -5.96 for asset returns.
Based on Alto Ingredients Inc (ALTO), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.51. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is -3.29.
Currently, EBITDA for the company is 14.1 million with net debt to EBITDA at 238.05. When we switch over and look at the enterprise to sales, we see a ratio of 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.74.
Conclusion
In conclusion, Alto Ingredients Inc (ALTO) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
