Alto Ingredients Inc (NASDAQ:ALTO) traded with an addition of $0.01 to close at $4.43on Friday, an upside of 0.23 percent. An average of 991,873 shares of common stock have been traded in the last five days. There was a gain of $0.04 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 885,348 shares traded, while the 50-day average volume stands at 986,729.
ALTO stock has increased by 22.71% in the last month. The company shares reached their 1-month lowest point of $3.48 on 08/30/23. With the stock rallying to its 52-week high on 09/29/23, shares of the company touched a low of $1.20 and a high of $4.54 in 52 weeks. It has reached a new high 24 times so far this year and achieved 53.82% or $1.53 in price. In spite of this, the price is down -2.42% from the 52-week high.
Valuation Metrics
Alto Ingredients Inc (ALTO) has a trailing price-to-earnings (P/E) ratio of N/A for the broader industry. The stock’s beta is 2.46. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.25, the price-to-book (PB) ratio at 1.12.
Financial Health
The quick ratio of Alto Ingredients Inc for the three months ended June 29 was 1.85, and the current ratio was 3.06, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.34 and a total debt to equity ratio of 0.36 for the quarter ending June 29. Its gross profit as reported stood at -$27.55 million compared to revenue of $1.34 billion.
Earnings Surprise
For the three-month period that ended June 29, Alto Ingredients Inc had $82.08 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $7.18 million in the quarter, while revenues of -$13.48 million were shrunk -199.72%. The analyst consensus anticipated Alto Ingredients Inc’s latest quarter earnings to come in at -$0.05 per share, but it turned out to be $0.1, a 300.00% surprise. For the quarter, EBITDA amounted to $15.41 million. Shareholders own equity worth $75.91 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 28 September was 63.45%, suggesting the stock is Neutral, with historical volatility in this time frame at 30.69%.
As of today, ALTO’s price is $4.39 +0.80% or $0.04 from its 5-day moving average. ALTO is currently trading +22.02% higher than its 20-day SMA and +223.90% higher than its 100-day SMA. However, the stock’s current price level is +15.92% above the SMA50 and +43.49% above the SMA200.
The stochastic %K and %D were 78.26% and 79.24%, respectively, and the average true range (ATR) was 0.22. With the 14-day stochastic at 76.56% and the average true range at 0.22, the RSI (14) stands at 62.69%. The stock has reached 0.00 on the 9-day MACD Oscillator while the 14-day reading was at 0.07.
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 2 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 $6.00 and $7.00, with a median target of $6.50. Taking a look at these predictions, the average price target given by analysts for Alto Ingredients Inc (ALTO) stock is $6.50.
