Alto Ingredients Inc (NASDAQ:ALTO) saw a downside of -1.13% to close Friday at $4.37 after subtracting -$0.05 on the day. The 5-day average trading volume is 937,400 shares of the company’s common stock. It has gained $4.54 in the past week and touched a new high 2 times within the past 5 days. An average of 801,300 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,013,898.
ALTO’s 1-month performance is 15.61% or $0.69 on its low of $3.34 reached on 08/29/23. The company’s shares have touched a 52-week low of $1.20 and high of $4.54, with the stock’s rally to the 52-week high happening on 09/20/23. YTD, ALTO has achieved 51.74% or $1.49 and has reached a new high 23 times. However, the current price is down -3.74% from the 52-week high price.
Valuation Metrics
ALTO stock has a beta of 2.48. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.24 while the price-to-book (PB) in the most recent quarter is 1.10.
Alto Ingredients Inc’s quick ratio for the period ended June 29 was 1.85, with the current ratio over the same period at 3.06. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.34, while the total debt to equity was 0.36. In terms of profitability, the gross margin trailing 12 months is -2.29%. The firm’s gross profit as reported stood at -$27.55 million against revenue of $1.34 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -199.72% to $7.18 million, while revenue of -$13.48 million was 287.74% off the previous quarter. Analysts expected ALTO to announce -$0.05 per share in earnings in its latest quarter, but it posted $0.1, representing a 300.00% surprise. EBITDA for the quarter stood at more than $15.41 million. ALTO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 170.62 million, with total debt at $107.05 million. Shareholders hold equity totaling $75.91 million.
Let’s look briefly at Alto Ingredients Inc (ALTO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 68.56% to suggest the stock is trending Neutral, with historical volatility in this time period at 39.92%.
The stock’s 5-day moving average is $4.34, reflecting a -0.46% or -$0.02 change from its current price. ALTO is currently trading +23.45% above its 20-day SMA, +241.41% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +22.07% and SMA200 by+31.23%.
Stochastic %K and %D was 83.53% and 83.81% and the average true range (ATR) pointed at 0.22. The RSI (14) points at 65.35%, while the 14-day stochastic is at 82.11% with the period’s ATR at 0.22. The stock’s 9-day MACD Oscillator is pointing at 0.11 and 0.30 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for ALTO stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate ALTO as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is ALTO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $6.00 and a high of $7.00, with their median price target at $6.50. Looking at these predictions, the average price target given by analysts is for Alto Ingredients Inc (ALTO) stock is $6.50.
