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Friday, September 29, 2023

Value Investing Philosophy And Alto Ingredients Inc. (NASDAQ: ALTO)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Alto Ingredients Inc. (ALTO) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.0002, or 0.00%, to $4.2198. The Alto Ingredients Inc. has recorded 2,801 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Alto Ingredients, Inc. to Present at the H.C. Wainwright & Co. 25th Annual Global Investment Conference.

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Stocks Info

ALTO belongs to the Basic Materials sector of the NASDAQ while operating in the Specialty Chemicals industry. At the end of the last regular session, the stock closed at $4.22 and fluctuated between $4.4000 as its day high and $4.2200 as its day low. The current market capitalization of Alto Ingredients Inc. is $308.65M. A total of 0.59 million shares were traded on the day, compared to an average of 1.50M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ALTO has seen 4 BUY and 0 SELL insider trades, representing the acquisition of 238,750 and the disposition of 0 shares. Over the last 12 months, there were 17 BUYs and 0 SELLs from insiders. Insiders purchased 1,018,976 shares during that period but sold 0.

In the most recent transaction, NATHAN GILBERT E bought 5,000 shares of ALTO for 1.97 per share on Jun 01. After the transaction, the Director now owns 583,909 company shares. In a previous transaction on May 31, NATHAN GILBERT E bought 5,000 shares at 1.99 per share. ALTO shares that Director owns now total 578,909.

Among the insiders who bought shares, NATHAN GILBERT E acquired of 10,000 shares on Mar 17 at a per-share price of $1.71. This resulted in the Director holding 573,909 shares of ALTO after the transaction. In another insider transaction, NATHAN GILBERT E bought 10,000 shares at $1.81 per share on Mar 16. Company shares held by the Director now total 563,909.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ALTO in the last 3 months, the mean price target is $6.50 with high estimates of $7.00 and low estimates of $6.00. In terms of 52-week highs and lows, ALTO has a high of $4.46 and a low of $1.20.

As of this writing, ALTO has an earnings estimate of $0.09 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.11 per share and a lower estimate of $0.08. The company reported an EPS of -$0.18 in the last quarter, which was -80.00% lower than expectations of -$0.1.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. ALTO’s latest balance sheet shows that the firm has $50.61M in Cash & Short Term Investments as of fiscal 2021. There were $63.65M in debt and $69.60M in liabilities at the time. Its Book Value Per Share was $4.10, while its Total Shareholder’s Equity was $345.21M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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.

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