Alto Ingredients Inc. (ALTO): Find Out What Insiders Are Doing

Alto Ingredients Inc. (NASDAQ:ALTO) finished Wednesday with an addition of $0.22 to close at $5.78, an upside of 3.96 percent. An average of 1,149,320 shares of common stock have been traded in the last five days. There was a gain of $0.72 in the past week. The last 20 days have seen an average of 1,712,770 shares traded, while the 50-day average volume stands at 2,013,154.

ALTO stock has increased by 23.24% in the last month. The company shares reached their 1-month lowest point of $4.60 on 09/23/21. With the stock rallying to its 52-week high on 02/08/21, shares of the company touched a low of $4.39 and a high of $11.44 in 52 weeks. In spite of this, the price is down -49.48% from the 52-week high.


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Insider Transactions

134 days have passed since Alto Ingredients Inc. (ALTO) last reported insider trading activity. Wright Christopher W, who is VP, Gen. Counsel & Secy, most recently acquired $21,746 shares at $6.96 per share on Jun 02. In this transaction, the insider spent $151,352. Director, Jones William L, disposed of 20,000 shares at a price of $5.98 on Mar 17. The insider now owns more than $119,600 worth of shares. Prior to that, CCO and VP Sneed James R went on to Sale 100,000 shares at $6.01 each on Mar 15. An amount of $601,000 was transacted.

Valuation Metrics

Alto Ingredients Inc. (ALTO) has a trailing price-to-earnings (P/E) ratio of 52.55, which compares with the 17.00 for the broader industry and 13.61 for the sector. In the last five years, Alto Ingredients Inc.’s PE ratio has ranged between 715.00 and 17.52. The stock’s beta is 2.98. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.46, the price-to-book (PB) ratio at 1.34, and the price-to-cash flow ratio at 21.95.

The quick ratio of Alto Ingredients Inc. for the three months ended June 29 was 1.70, and the current ratio was 2.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.18 and a total debt to equity ratio of 0.26 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 7.10% against a 5-year average of 1.6%. Alto Ingredients Inc.’s EBITDA margin for the year ending June 29 is 4.05%, while its operating margin for the same period stands at 2.90%. Its gross profit as reported stood at $52.86 million compared to revenue of $897.02 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Alto Ingredients Inc.’s return on assets was 1.40%, compared to -6.2% over the last five years. In the past year, the return on investment has been 2.50%, and the 5-year average is -4.6%. Meanwhile, the return on equity (ROE) for the past 12 months has been 2.40% and the 5-year average holds at -13.9%. For the broader industry, ROE averaged 8.64 over the past year.

Earnings Surprise

The analyst consensus anticipated Alto Ingredients Inc.’s latest quarter earnings to come in at $0.15 per share, but it turned out to be $0.11, a -26.70% surprise. For the quarter, EBITDA amounted to $12.42 million. Shareholders own equity worth $72.81 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Alto Ingredients Inc. (ALTO) price momentum. RSI 9-day as of the close on 13 October was 77.84%, suggesting the stock is Overbought, with historical volatility in this time frame at 24.00%.

As of today, ALTO’s price is $5.48 +14.23% or $0.72 from its 5-day moving average. ALTO is currently trading +18.93% higher than its 20-day SMA and -3.99% lower than its 100-day SMA. However, the stock’s current price level is +2.12% above the SMA50 and -6.02% below the SMA200.

The stochastic %K and %D were 91.82% and 90.90%, respectively, and the average true range (ATR) was 0.26. With the 14-day stochastic at 99.15% and the average true range at 0.26, the RSI (14) stands at 69.11%. The stock has reached 0.28 on the 9-day MACD Oscillator while the 14-day reading was at 0.45.

Analyst Ratings

The consensus rating for Alto Ingredients Inc. (ALTO) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ALTO, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

What is ALTO’s price target for the next 12 months?

Analysts predict a range of price targets between $9.00 and $16.00, with a median target of $10.00. Taking a look at these predictions, the average price target given by analysts for Alto Ingredients Inc. (ALTO) stock is $11.67.

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