The stock has a 36-month beta value of 1.85. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ALTO is 72.82M, and at present, short sellers hold a 1.79% of that float. On May 24, 2024, the average trading volume of ALTO was 531.35K shares.
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ALTO) stock’s latest price update
Alto Ingredients Inc (NASDAQ: ALTO)’s stock price has plunge by -0.32relation to previous closing price of 1.57. Nevertheless, the company has seen a -10.06% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-05-22 that Alto Ingredients (ALTO) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock’s potential for a turnaround in the near term.
ALTO’s Market Performance
Alto Ingredients Inc (ALTO) has seen a -10.06% fall in stock performance for the week, with a -17.20% decline in the past month and a -28.54% plunge in the past quarter. The volatility ratio for the week is 4.04%, and the volatility levels for the past 30 days are at 4.80% for ALTO. The simple moving average for the past 20 days is -12.10% for ALTO’s stock, with a -43.20% simple moving average for the past 200 days.
ALTO Trading at -18.96% 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 -68.54% of loss for the given period.
Volatility was left at 4.80%, however, over the last 30 days, the volatility rate increased by 4.04%, as shares sank -19.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.75% lower at present.
During the last 5 trading sessions, ALTO fell by -10.06%, which changed the moving average for the period of 200-days by -62.74% in comparison to the 20-day moving average, which settled at $1.7617. In addition, Alto Ingredients Inc saw -41.17% 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
- 0.02 for the gross margin
The net margin for Alto Ingredients Inc stands at -0.02. The total capital return value is set at -0.03. 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 0.53. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is -2.5.
Currently, EBITDA for the company is 14.1 million with net debt to EBITDA at 6.82. When we switch over and look at the enterprise to sales, we see a ratio of 0.16. The receivables turnover for the company is 19.79for trailing twelve months and the total asset turnover is 2.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.74.
Conclusion
To sum up, Alto Ingredients Inc (ALTO) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
