Analysts Point To Alto Ingredients Inc (NASDAQ: ALTO) Growth In The Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Alto Ingredients, Inc. Publishes Sustainability Summary.

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Stocks Info

Alto Ingredients Inc is listed on the NASDAQ in the Basic Materials sector while operating in the Specialty Chemicals industry. At the end of the last regular session, the stock closed at $2.21 and fluctuated between $2.2500 as its day high and $2.1750 as its day low. The current market capitalization of Alto Ingredients Inc is $159.83M. A total of 0.59 million shares were traded on the day, compared to an average of 836.37K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. 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 17 BUYs and 0 SELLs from insiders. Insiders purchased 1,187,476 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for ALTO in the last 3 months, the mean price target is $5.25 with high estimates of $5.50 and low estimates of $5.00. In terms of 52-week highs and lows, ALTO has a high of $4.97 and a low of $1.20.

As of this writing, ALTO has an earnings estimate of -$0.08 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.04 per share and a lower estimate of -$0.12. The company reported an EPS of $0.1 in the last quarter, which was 300.00% higher than expectations of -$0.05.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on 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 $3.92, while its Total Shareholder’s Equity was $345.21M.

Analysts Opinion

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. 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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