The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Alto Ingredients Inc. (ALTO) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.11, or -3.85%, to $2.75. The Alto Ingredients Inc. has recorded 4,139 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Alto Ingredients, Inc. Reports Third Quarter 2022 Results.
The company is listed on the NASDAQ and operates within the Specialty Chemicals industry segment. At the end of the last regular session, the stock closed at $2.86 and fluctuated between $2.9600 as its day high and $2.8100 as its day low. The current market capitalization of Alto Ingredients Inc. is $212.73M. A total of 0.68 million shares were traded on the day, compared to an average of 923.69K shares.
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ALTO has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 14 BUYs and 6 SELLs from insiders. Insiders purchased 447,637 shares during that period but sold 144,592.
In the most recent transaction, NATHAN GILBERT E bought 35,000 shares of ALTO for 2.71 per share on Dec 16. After the transaction, the Director now owns 538,909 company shares. In a previous transaction on Dec 16, Gray Maria G bought 5,000 shares at 2.73 per share. ALTO shares that Director owns now total 27,292.
Among the insiders who bought shares, Kandris Michael D acquired of 12,415 shares on May 20 at a per-share price of $4.06. This resulted in the President, CEO & COO holding 548,784 shares of ALTO after the transaction. In another insider transaction, NATHAN GILBERT E bought 20,000 shares at $4.04 per share on May 20. Company shares held by the Director now total 483,800.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ALTO in the last 3 months, the mean price target is $7.05 with high estimates of $11.00 and low estimates of $4.15. In terms of 52-week highs and lows, ALTO has a high of $7.37 and a low of $2.61.
As of this writing, ALTO has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.07 per share and a lower estimate of -$0.03. The company reported an EPS of -$0.04 in the last quarter, which was -128.60% lower than expectations of $0.14.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 3 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ALTO is Buy with a score of 5.00. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.