Alto Ingredients Inc [NASDAQ: ALTO] stock went on a downward path that fall over -37.63% on Thursday, amounting to a one-week price decrease of less than -32.02%.
Over the last 12 months, ALTO stock dropped by -37.31%. The one-year Alto Ingredients Inc stock forecast points to a potential upside of 73.11. The average equity rating for ALTO stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $92.55 million, with 75.70 million shares outstanding and 72.70 million shares in the current float. Compared to the average trading volume of 498.43K shares, ALTO stock reached a trading volume of 7635566 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Alto Ingredients Inc [ALTO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ALTO shares is $4.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ALTO stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Alto Ingredients Inc is set at 0.15, with the Price to Sales ratio for ALTO stock in the period of the last 12 months amounting to 0.09. The Price to Book ratio for the last quarter was 0.35, with the Price to Cash per share for the same quarter was set at 0.50. Price to Free Cash Flow for ALTO in the course of the last twelve months was 52.29 with Quick ratio for the last quarter at 2.15.
ALTO Stock Performance Analysis:
Alto Ingredients Inc [ALTO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -32.02. With this latest performance, ALTO shares dropped by -25.77% in over the last four-week period, additionally sinking by -32.40% over the last 6 months – not to mention a drop of -37.31% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ALTO stock in for the last two-week period is set at 27.59, with the RSI for the last a single of trading hit 21.36, and the three-weeks RSI is set at 32.50 for Alto Ingredients Inc [ALTO]. The present Moving Average for the last 50 days of trading for this stock 1.6294, while it was recorded at 1.7840 for the last single week of trading, and 1.7227 for the last 200 days.
Insight into Alto Ingredients Inc Fundamentals:
Alto Ingredients Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.15 and a Current Ratio set at 3.22.
ALTO Stock EPS
With the latest financial reports released by the company, Alto Ingredients Inc posted -0.26/share EPS, while the average EPS was predicted by analysts to be reported at -0.08/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.18. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ALTO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Alto Ingredients Inc go to 20.00%.
Alto Ingredients Inc [ALTO] Institutonal Ownership Details
There are presently around $35.43%, or 37.23%% of ALTO stock, in the hands of institutional investors. The top three institutional holders of ALTO stocks are: VANGUARD GROUP INC with ownership of 3.55 million shares, which is approximately 4.8792%. HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC, holding 3.41 million shares of the stock with an approximate value of $$4.92 million in ALTO stocks shares; and HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC, currently with $$3.04 million in ALTO stock with ownership which is approximately 2.8889%.
