Should I buy or sell Alto Ingredients stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alto Ingredients in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ALTO shares. View ALTO analyst ratings or view top-rated stocks .

What is Alto Ingredients' stock price target for 2024?

1 brokerages have issued 12-month price targets for Alto Ingredients' stock. Their ALTO share price targets range from $5.50 to $5.50. On average, they anticipate the company's stock price to reach $5.50 in the next year. This suggests a possible upside of 185.0% from the stock's current price. View analysts price targets for ALTO or view top-rated stocks among Wall Street analysts .

How have ALTO shares performed in 2024?

Alto Ingredients' stock was trading at $2.66 at the start of the year. Since then, ALTO stock has decreased by 27.4% and is now trading at $1.93. View the best growth stocks for 2024 here .

Are investors shorting Alto Ingredients?

Alto Ingredients saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,310,000 shares, a drop of 14.4% from the March 15th total of 1,530,000 shares. Based on an average daily volume of 684,700 shares, the short-interest ratio is currently 1.9 days. Currently, 1.9% of the company's shares are sold short. View Alto Ingredients' Short Interest .

When is Alto Ingredients' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024. View our ALTO earnings forecast .

How were Alto Ingredients' earnings last quarter?

Alto Ingredients, Inc. (NASDAQ:ALTO) announced its quarterly earnings data on Monday, March, 11th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.04) by $0.14. The firm earned $273.63 million during the quarter, compared to analysts' expectations of $301.92 million. Alto Ingredients had a negative net margin of 2.29% and a negative trailing twelve-month return on equity of 7.32%.

How do I buy shares of Alto Ingredients?

Shares of ALTO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:ALTO

Alto Ingredients (ALTO) Stock Price, News & Analysis

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$1.93

+0.02 (+1.05%)

(As of 04/19/2024 ET)

Compare

Today's Range: $1.89
▼
$1.95
50-Day Range: $1.90
▼
$2.29
52-Week Range: $1.20
▼
$4.98

Volume: 326,225 shs
Average Volume: 663,554 shs
Market Capitalization: $146.10 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.50

Get Alto Ingredients alerts:

Alto Ingredients MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 185.0% Upside
$5.50 Price Target
Short Interest: Healthy
1.85% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.36
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.26) to $0.17 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.05 out of 5 stars

Consumer Discretionary Sector

146th out of 265 stocks

Industrial Organic Chemicals Industry

10th out of 18 stocks

3.5

Analyst's Opinion

Consensus Rating
Alto Ingredients has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Alto Ingredients has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.85% of the float of Alto Ingredients has been sold short.
Short Interest Ratio / Days to Cover
Alto Ingredients has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Alto Ingredients has recently decreased by 14.38%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Alto Ingredients does not currently pay a dividend.
Dividend Growth
Alto Ingredients does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ALTO.

2.4

News and Social Media Coverage

News Sentiment
Alto Ingredients has a news sentiment score of 0.36. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Alto Ingredients this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for ALTO on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
MarketBeat Follows
4 people have added Alto Ingredients to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Alto Ingredients insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.24% of the stock of Alto Ingredients is held by insiders.
Percentage Held by Institutions
42.44% of the stock of Alto Ingredients is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Alto Ingredients are expected to grow in the coming year, from ($0.26) to $0.17 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Alto Ingredients is -4.95, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Alto Ingredients is -4.95, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Alto Ingredients has a P/B Ratio of 0.52. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Alto Ingredients Stock (NASDAQ:ALTO)

Alto Ingredients, Inc. produces, distributes, and markets specialty alcohols, renewable fuel, and essential ingredients in the United States. The company operates in three segments: Marketing and Distribution, Pekin Campus Production, and Western Production. It offers specialty alcohols used in mouthwash, cosmetics, pharmaceuticals, hand sanitizers, disinfectants, and cleaners for health, home, and beauty markets; grain neutral spirits used in alcoholic beverages and vinegar, as well as corn germ used in corn oils in the food and beverage markets; alcohols and other products for paint applications and fertilizers in the industrial and agriculture markets; and essential ingredients include dried yeast, corn protein meal, corn protein feed, distiller's grains, and liquid feed for commercial animal feed and pet food applications, as well as yeast for human consumption. The company also provides fuel-grade ethanol used as transportation fuel and distillers corn oil used as a biodiesel feedstock, as well as fuel-grade ethanol produced by third parties. In addition, it offers transportation, storage, and delivery services through third-party service providers. The company sells ethanol to integrated oil companies and gasoline marketers; essential ingredient feed products to dairies and feedlots; and corn oil to poultry, renewable diesel, and biodiesel customers. It operates alcohol production facilities. The company was formerly known as Pacific Ethanol, Inc. and changed its name to Alto Ingredients, Inc. in January 2021. Alto Ingredients, Inc. was founded in 2003 and is headquartered in Pekin, Illinois.

ALTO Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ALTO Stock News Headlines

April 18, 2024 | seekingalpha.com

If Alto Ingredients Couldn't Make Money In 2023, It Likely Won't In 2024 Either

April 17, 2024 | msn.com

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April 16, 2024 | americanbankingnews.com

Alto Ingredients, Inc. (NASDAQ:ALTO) Short Interest Update

April 14, 2024 | yahoo.com

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April 1, 2024 | finance.yahoo.com

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March 21, 2024 | marketwatch.com

Alto Ingredients Names Todd Benton Chief Operating Officer

March 21, 2024 | markets.businessinsider.com

Alto Ingredients Appoints Todd Benton As Chief Operating Officer

March 21, 2024 | finance.yahoo.com

Alto Ingredients, Inc. Appoints Todd E. Benton as Chief Operating Officer; Michael D. Kandris to Continue to Serve as Director

March 21, 2024 | globenewswire.com

Alto Ingredients, Inc. Appoints Todd E. Benton as Chief Operating Officer; Michael D.

March 19, 2024 | insidermonkey.com

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March 18, 2024 | msn.com

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March 15, 2024 | msn.com

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March 14, 2024 | finance.yahoo.com

Alto Ingredients Full Year 2023 Earnings: Misses Expectations

March 13, 2024 | msn.com

Why Italian Cheese Formai De Mut Tastes Different Every Time It's Made, According To An Expert

March 13, 2024 | markets.businessinsider.com

Alto Ingredients Poised for Turnaround: Buy Rating Affirmed Amidst Strategic Initiatives and Strong Financial Outlook

See More Headlines

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Company Calendar

Last Earnings: 3/11/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/13/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Consumer Discretionary
Industry: Industrial organic chemicals
Sub-Industry: N/A
Current Symbol: NASDAQ:ALTO
CUSIP: N/A
CIK: 778164
Web: www.altoingredients.com
Phone: (916) 403-2123
Fax: 916-446-3937
Employees: 460
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $5.50
High Stock Price Target: $5.50
Low Stock Price Target: $5.50
Potential Upside/Downside: +185.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.39)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-28,000,000.00
Net Margins: -2.29%
Pretax Margin: -2.28%
Return on Equity: -7.32%
Return on Assets: -4.65%

Debt

Debt-to-Equity Ratio: 0.29
Current Ratio: 2.59
Quick Ratio: 1.78

Sales & Book Value

Annual Sales: $1.22 billion
Price / Sales: 0.12
Cash Flow: $0.05 per share
Price / Cash Flow: 42.78
Book Value: $3.69 per share
Price / Book: 0.52

Miscellaneous

Outstanding Shares: 75,700,000
Free Float: 72,487,000
Market Cap: $146.10 million
Optionable: Optionable
Beta: 1.89

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Key Executives

Mr. Bryon T. McGregor (Age 60)
CEO & President
Comp: $408.23k
Mr. Michael D. Kandris (Age 76)
Interim COO & Director
Comp: $619.24k
Ms. Auste M. Graham J.D. (Age 44)
VP, General Counsel & Corporate Secretary
Comp: $438.4k
Mr. James R. Sneed (Age 57)
VP & Chief Commercial Officer
Comp: $379.98k
Mr. Robert R. Olander
Chief Financial Officer
Mr. Ed Baker
Vice President of Human Resources

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ALTO Stock Analysis - Frequently Asked Questions

Should I buy or sell Alto Ingredients stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alto Ingredients in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ALTO shares.
View ALTO analyst ratings or view top-rated stocks.
What is Alto Ingredients' stock price target for 2024?: 1 brokerages have issued 12-month price targets for Alto Ingredients' stock. Their ALTO share price targets range from $5.50 to $5.50. On average, they anticipate the company's stock price to reach $5.50 in the next year. This suggests a possible upside of 185.0% from the stock's current price.
View analysts price targets for ALTO or view top-rated stocks among Wall Street analysts.
How have ALTO shares performed in 2024?: Alto Ingredients' stock was trading at $2.66 at the start of the year. Since then, ALTO stock has decreased by 27.4% and is now trading at $1.93.
View the best growth stocks for 2024 here.
Are investors shorting Alto Ingredients?: Alto Ingredients saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,310,000 shares, a drop of 14.4% from the March 15th total of 1,530,000 shares. Based on an average daily volume of 684,700 shares, the short-interest ratio is currently 1.9 days. Currently, 1.9% of the company's shares are sold short.
View Alto Ingredients' Short Interest.

When is Alto Ingredients' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our ALTO earnings forecast.
How were Alto Ingredients' earnings last quarter?: Alto Ingredients, Inc. (NASDAQ:ALTO) announced its quarterly earnings data on Monday, March, 11th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.04) by $0.14. The firm earned $273.63 million during the quarter, compared to analysts' expectations of $301.92 million. Alto Ingredients had a negative net margin of 2.29% and a negative trailing twelve-month return on equity of 7.32%.
How do I buy shares of Alto Ingredients?: Shares of ALTO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ALTO) was last updated on 4/20/2024 by MarketBeat.com Staff

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