Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Alto Ingredients Inc (NASDAQ: ALTO) was $0.86 for the day, down -5.77% from the previous closing price of $0.91. In other words, the price has decreased by -$5.77 from its previous closing price. On the day, 0.72 million shares were traded.
Ratios:
Our analysis of ALTO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.94 and its Current Ratio is at 2.89. In the meantime, Its Debt-to-Equity ratio is 0.61 whereas as Long-Term Debt/Eq ratio is at 0.59.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 13 ’24 when NATHAN GILBERT E bought 25,000 shares for $1.34 per share. The transaction valued at 33,475 led to the insider holds 700,575 shares of the business.
NATHAN GILBERT E bought 5,000 shares of ALTO for $6,625 on Nov 13 ’24. The Director now owns 31,200 shares after completing the transaction at $1.32 per share. On Nov 12 ’24, another insider, McGregor Bryon T, who serves as the President & CEO of the company, bought 37,000 shares for $1.36 each. As a result, the insider paid 50,424 and bolstered with 834,265 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.07 while its Price-to-Book (P/B) ratio in mrq is 0.31.
Stock Price History:
Over the past 52 weeks, ALTO has reached a high of $2.05, while it has fallen to a 52-week low of $0.76. The 50-Day Moving Average of the stock is -15.46%, while the 200-Day Moving Average is calculated to be -39.92%.
Shares Statistics:
A total of 76.50M shares are outstanding, with a floating share count of 68.04M. Insiders hold about 11.87% of the company’s shares, while institutions hold 32.49% stake in the company.
