What is the best trade option for Alto Ingredients Inc (ALTO) stock?

At the time of writing, Alto Ingredients Inc [ALTO] stock is trading at $2.35, up 3.98%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ALTO shares have gain 12.44% over the last week, with a monthly amount drifted -41.54%, and not seem to be holding up well over a long-time horizon.

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On 8, November 2023, Alto Ingredients, Inc. to Participate in Upcoming Conferences. In a post published today on Yahoo Finance, Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols and essential ingredients, announced that management plans to conduct one-on-one meetings at these conferences in November 2023.

From an analyst’s perspective:

For the past year, the stock price of Alto Ingredients Inc fluctuated between $1.20 and $4.97. Currently, Wall Street analysts expect the stock to reach $5.25 within the next 12 months. Alto Ingredients Inc [NASDAQ: ALTO] shares were valued at $2.35 at the most recent close of the market. An investor can expect a potential return of 123.4% based on the average ALTO price forecast.

Analyzing the ALTO fundamentals

According to Alto Ingredients Inc [NASDAQ:ALTO], the company’s sales were 318.13 billion in the recent quarter, which represents an -5.57% plunge. During this period, the public company’s revenue per employee was $3,042,417, while its income per employee was -$94,754. Gross Margin for this corporation currently stands at -3.50% with Operating Margin at -5.87%, Pretax Margin comes in at -2.97%, and Net Margin reading is -3.11%. To continue investigating profitability, this company’s Return on Assets is posted at -8.55, Equity is -12.73, Total Capital is -19.50, and Invested Capital is -10.45. An extended look at the Principal structure reveals enduring liabilities to the total capital of 22.07 and enduring liabilities to assets of 17.90.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.27 points at the first support level, and at 2.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.41, and for the 2nd resistance point, it is at 2.47.

Alto Ingredients Inc [ALTO] reported earnings per share of -$0.05 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.09/share, meaning a difference of -$0.14 and a surprise factor of -155.60%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.1 per share as compared to estimates of -$0.05 per share, a difference of $0.15 representing a surprise of 300.00%.

Ratios To Look Out For

It is important to note that Alto Ingredients Inc [NASDAQ:ALTO] has a current ratio of 2.88. In addition, the Quick Ratio stands at 1.70 and the Cash Ratio stands at 0.63. Considering the valuation of this stock, the price to sales ratio is 0.16, the price to book ratio is 0.70.

Transactions by insiders

In the past 3 months, 2 insiders have purchased 208,500 shares, and 0 have sold 0 shares. Recent insider trading involved NATHAN GILBERT E, Director, that happened on Jun 01 when 5000.0 shares were purchased. Director, NATHAN GILBERT E completed a deal on May 31 to buy 5000.0 shares. Meanwhile, Director NATHAN GILBERT E bought 10000.0 shares on Mar 17.