It’s still a bull thesis, just subverted: Alto Ingredients Inc (ALTO)

Alto Ingredients Inc [ALTO] stock is trading at $1.38, up 5.34%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ALTO shares have gain 14.05% over the last week, with a monthly amount drifted -19.30%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Alto Ingredients Inc [ALTO] stock has fluctuated between $1.18 and $3.00 over the past year. Currently, Wall Street analysts expect the stock to reach $3.5 within the next 12 months. Alto Ingredients Inc [NASDAQ: ALTO] shares were valued at $1.38 at the most recent close of the market. An investor can expect a potential return of 153.62% based on the average ALTO price forecast.

Analyzing the ALTO fundamentals

Alto Ingredients Inc [NASDAQ:ALTO] reported sales of 1.00B for the trailing twelve months, which represents a drop of -20.84%. Gross Profit Margin for this corporation currently stands at 0.01% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.09, Equity is -0.13 and Total Capital is -0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.33.

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 1.3372 points at the first support level, and at 1.2943 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.4057, and for the 2nd resistance point, it is at 1.4313.

Ratios To Look Out For

For context, Alto Ingredients Inc’s Current Ratio is 3.22. As well, the Quick Ratio is 2.15, while the Cash Ratio is 0.85. Considering the valuation of this stock, the price to sales ratio is 0.11, the price to book ratio is 0.40.

Transactions by insiders

Recent insider trading involved McGregor Bryon T, President & CEO, that happened on Nov 12 ’24 when 37000.0 shares were purchased. Chief Financial Officer, Olander Robert R. completed a deal on Nov 12 ’24 to buy 7350.0 shares.

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