Alto Ingredients Inc (NASDAQ: ALTO)’s stock price has plunge by 4.85relation to previous closing price of 1.34. Nevertheless, the company has seen a 7.25% surge in its stock price over the last five trading sessions. businesswire.com reported 2024-06-20 that LOS ALTOS, Calif.–(BUSINESS WIRE)–Alto Neuroscience, Inc. (“Alto”) (NYSE: ANRO) today announced the initiation of a Phase 2 double-blind, placebo-controlled study of its transdermal formulation of ALTO-101, a novel PDE4 inhibitor in development for the treatment of cognitive impairment associated with schizophrenia (CIAS). Alto expects to report top-line data from the Phase 2 study in the second half of 2025. “We are excited to initiate our sixth Phase 2 study as a company, across our pipelin.
Is It Worth Investing in Alto Ingredients Inc (NASDAQ: ALTO) Right Now?
The 36-month beta value for ALTO is at 1.94. 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.”
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The public float for ALTO is 72.86M, and currently, shorts hold a 1.28% of that float. The average trading volume for ALTO on June 27, 2024 was 464.43K shares.
ALTO’s Market Performance
The stock of Alto Ingredients Inc (ALTO) has seen a 7.25% increase in the past week, with a -5.70% drop in the past month, and a -29.40% fall in the past quarter. The volatility ratio for the week is 3.48%, and the volatility levels for the past 30 days are at 4.36% for ALTO. The simple moving average for the last 20 days is 0.36% for ALTO stock, with a simple moving average of -43.73% for the last 200 days.
ALTO Trading at -14.44% 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 -71.76% of loss for the given period.
Volatility was left at 4.36%, however, over the last 30 days, the volatility rate increased by 3.48%, as shares sank -5.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.29% lower at present.
During the last 5 trading sessions, ALTO rose by +6.87%, which changed the moving average for the period of 200-days by -63.64% in comparison to the 20-day moving average, which settled at $1.3960. In addition, Alto Ingredients Inc saw -47.18% in overturn over a single year, with a tendency to cut further losses.
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 0.15. 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
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.
