The stock price of Alto Ingredients Inc (NASDAQ: ALTO) has dropped by -3.68 compared to previous close of 1.36. Despite this, the company has seen a fall of -32.47% in its stock price over the last five trading days. globenewswire.com reported 2024-11-07 that PEKIN, Ill., Nov. 07, 2024 (GLOBE NEWSWIRE) — Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, published its second Sustainability Report highlighting the company’s 2023 sustainability metrics and accomplishments.
Is It Worth Investing in Alto Ingredients Inc (NASDAQ: ALTO) Right Now?
Additionally, the 36-month beta value for ALTO is 1.93. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ALTO is 72.70M and currently, short sellers hold a 1.05% ratio of that float. The average trading volume of ALTO on November 14, 2024 was 675.09K shares.
ALTO’s Market Performance
ALTO’s stock has seen a -32.47% decrease for the week, with a -24.28% drop in the past month and a -8.39% fall in the past quarter. The volatility ratio for the week is 13.18%, and the volatility levels for the past 30 days are at 7.96% for Alto Ingredients Inc. The simple moving average for the past 20 days is -21.37% for ALTO’s stock, with a -23.42% simple moving average for the past 200 days.
ALTO Trading at -19.36% 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 -56.32% of loss for the given period.
Volatility was left at 7.96%, however, over the last 30 days, the volatility rate increased by 13.18%, as shares sank -23.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.39% lower at present.
During the last 5 trading sessions, ALTO fell by -32.47%, which changed the moving average for the period of 200-days by -32.12% in comparison to the 20-day moving average, which settled at $1.6660. In addition, Alto Ingredients Inc saw -50.75% 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 McGregor Bryon T, who purchase 37,000 shares at the price of $1.36 back on Nov 12 ’24. After this action, McGregor Bryon T now owns 834,265 shares of Alto Ingredients Inc, valued at $50,424 using the latest closing price.
Olander Robert R., the Chief Financial Officer of Alto Ingredients Inc, purchase 7,350 shares at $1.35 during a trade that took place back on Nov 12 ’24, which means that Olander Robert R. is holding 225,056 shares at $9,959 based on the most recent closing price.
Stock Fundamentals for ALTO
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.01 for the gross margin
The net margin for Alto Ingredients Inc stands at -0.04. The total capital return value is set at -0.06. Equity return is now at value -12.89, with -8.25 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 0.21. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is -93.63.
Currently, EBITDA for the company is 2.6 million with net debt to EBITDA at -1.37. 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 19.27for trailing twelve months and the total asset turnover is 2.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.22.
Conclusion
In conclusion, Alto Ingredients Inc (ALTO) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
