After finishing at $2.18 in the prior trading day, Alto Ingredients Inc (NASDAQ: ALTO) closed at $2.29, up 5.05%. In other words, the price has increased by $+0.1100 from its previous closing price. On the day, 678115 shares were traded.
Ratios:
Our goal is to gain a better understanding of ALTO by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.78 and its Current Ratio is at 2.59. In the meantime, Its Debt-to-Equity ratio is 0.38 whereas as Long-Term Debt/Eq ratio is at 0.36.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 01 ’23 when NATHAN GILBERT E bought 5,000 shares for $1.97 per share. The transaction valued at 9,850 led to the insider holds 583,909 shares of the business.
NATHAN GILBERT E bought 5,000 shares of ALTO for $9,950 on May 31 ’23. The Director now owns 578,909 shares after completing the transaction at $1.99 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALTO now has a Market Capitalization of 174.11M and an Enterprise Value of 249.55M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.14 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at 0.20 whereas that against EBITDA is 96.09.
Stock Price History:
Over the past 52 weeks, ALTO has reached a high of $4.97, while it has fallen to a 52-week low of $1.20. The 50-Day Moving Average of the stock is 2.0452, while the 200-Day Moving Average is calculated to be 3.0353.
Shares Statistics:
The stock has traded on average 717.06K shares per day over the past 3-months and 517.97k shares per day over the last 10 days, according to various share statistics. A total of 75.70M shares are outstanding, with a floating share count of 70.59M. Insiders hold about 2.39% of the company’s shares, while institutions hold 45.85% stake in the company. Shares short for ALTO as of Mar 15, 2024 were 1.53M with a Short Ratio of 2.14, compared to 1.4M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.02% and a Short% of Float of 2.11%.
Earnings Estimates
Its stock is currently analyzed by 2 different market analysts. On average, analysts expect EPS of -$0.14 for the current quarter, with a high estimate of -$0.11 and a low estimate of -$0.18, while EPS last year was -$0.18. The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.01 and low estimates of -$0.11.
Analysts are recommending an EPS of between -$0.16 and -$0.26 for the fiscal current year, implying an average EPS of -$0.21. EPS for the following year is $0.26, with 2 analysts recommending between $0.36 and $0.17.
Revenue Estimates
2 analysts predict $217.28M in revenue for the current quarter. It ranges from a high estimate of $235M to a low estimate of $199.56M. As of the current estimate, Alto Ingredients Inc’s year-ago sales were $313.89M, an estimated decrease of -30.80% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $224.87M, a decrease of -29.10% over than the figure of -$30.80% in the same quarter last year. There is a high estimate of $237M for the next quarter, whereas the lowest estimate is $212.75M.
A total of 2 analysts have provided revenue estimates for ALTO’s current fiscal year. The highest revenue estimate was $985M, while the lowest revenue estimate was $931.82M, resulting in an average revenue estimate of $958.41M. In the same quarter a year ago, actual revenue was $1.22B, down -21.60% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $1.19B in the next fiscal year. The high estimate is $1.26B and the low estimate is $1.12B. The average revenue growth estimate for next year is up 23.90% from the average revenue estimate for this year.
