NASDAQ:ALTO

Alto Ingredients (ALTO) Stock Forecast, Price & News

$2.11

+0.09 (+4.46%)

(As of 06/2/2023 ET)

Compare

Today's Range: $2.00
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$2.12
50-Day Range: $1.22
▼
$2.27
52-Week Range: $1.20
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$5.30

Volume: 1.02 million shs
Average Volume: 1.59 million shs
Market Capitalization: $158.55 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $6.50

Alto Ingredients MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 208.1% Upside
$6.50 Price Target
Short Interest: Healthy
4.41% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.33
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
$64,946 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.25 out of 5 stars

Consumer Discretionary Sector

123rd out of 269 stocks

Industrial Organic Chemicals Industry

6th out of 20 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.
Price Target Upside/Downside
According to analysts' consensus price target of $6.50, Alto Ingredients has a forecasted upside of 208.1% from its current price of $2.11.
Amount of Analyst Coverage
Alto Ingredients has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
4.41% 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 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Alto Ingredients has recently increased by 7.12%, indicating that investor sentiment is decreasing 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.

3.0

News and Social Media Coverage

News Sentiment
Alto Ingredients has a news sentiment score of 0.33. 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 0.60 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Alto Ingredients this week, compared to 2 articles on an average week.
Search Interest
17 people have searched for ALTO on MarketBeat in the last 30 days. This is an increase of 183% compared to the previous 30 days.
MarketBeat Follows
3 people have added Alto Ingredients to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Alto Ingredients insiders have bought more of their company's stock than they have sold. Specifically, they have bought $64,946.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 3.40% of the stock of Alto Ingredients is held by insiders.
Percentage Held by Institutions
52.20% of the stock of Alto Ingredients is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Alto Ingredients is -2.85, 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 -2.85, 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 0.54. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Alto Ingredients (NASDAQ:ALTO) Stock

Alto Ingredients, Inc. engages in the production and marketing of specialty alcohols and essential ingredients. It operates through the following segments: Marketing and Distribution, Pekin Production, and Other Production. The Marketing and Distribution segment includes marketing and merchant trading for company-produced alcohols and essential ingredients, on an aggregated basis, and third-party fuel-grade ethanol. The Pekin Campus Production segment deals with the production and sale of alcohols and essential ingredients produced at the company's Pekin, Illinois campus. The Other Production segment covers the production and sale of fuel-grade ethanol and essential ingredients produced at all of the company's other production facilities on an aggregated basis. The company was founded by William L. Jones and Neil M. Koehler on January 30, 2003 and is headquartered in Pekin, IL.

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ALTO Stock News Headlines

June 2, 2023 | fool.com

Alto Ingredients (NASDAQ: ALTO)

May 29, 2023 | washingtonpost.com

If You Can’t Stand the Heat, Switch to Induction

June 4, 2023 | Altimetry (Ad)

Biden's latest bailout--terrible for America?

And a consultant for the Dept. of Defense (Joel Litman) says this is all leading to an event in the next 20 months that could help some get vastly wealthier… but also make it harder than ever to hang onto any money you make.This might be the most important development affecting you and your money over the next few years—

May 13, 2023 | americanbankingnews.com

Q2 2023 EPS Estimates for Alto Ingredients, Inc. Lifted by HC Wainwright (NASDAQ:ALTO)

May 12, 2023 | americanbankingnews.com

HC Wainwright Equities Analysts Reduce Earnings Estimates for Alto Ingredients, Inc. (NASDAQ:ALTO)

May 9, 2023 | finance.yahoo.com

Q1 2023 Alto Ingredients Inc Earnings Call

May 9, 2023 | benzinga.com

Alto Ingredients shares are trading higher after the company reported better-than-expected Q1 sales.

May 8, 2023 | benzinga.com

Alto Ingredients Q1 EPS $(0.18) Misses $(0.07) Estimate, Sales $313.89M Beat $297.60M Estimate

June 4, 2023 | Altimetry (Ad)

Biden's latest bailout--terrible for America?

May 8, 2023 | msn.com

Alto Ingredients (ALTO) Reports Q1 Loss, Tops Revenue Estimates

May 8, 2023 | finance.yahoo.com

Alto Ingredients, Inc. Reports First Quarter 2023 Results

May 7, 2023 | americanbankingnews.com

Alto Ingredients (ALTO) to Release Quarterly Earnings on Monday

May 5, 2023 | msn.com

13 Best Serums for Mature Skin, According to Dermatologists

May 5, 2023 | msn.com

Earnings Preview: Alto Ingredients

May 3, 2023 | americanbankingnews.com

Alto Ingredients, Inc. (NASDAQ:ALTO) Sees Large Increase in Short Interest

May 2, 2023 | msn.com

Quick Bites | Zelda’s is open again at Capitola Village

May 2, 2023 | marketwatch.com

Alternative Fuel Market Growth Opportunities and Emerging Trends till 2031

May 2, 2023 | finance.yahoo.com

Alto Ingredients, Inc. to Release First Quarter 2023 Financial Results

April 28, 2023 | msn.com

What Is Maltodextrin, An Ingredient In Bournvita That Has Stirred The Health Drinks Controversy

April 27, 2023 | msn.com

What is Bournvita ingredient Maltodextrin, sparking health drink controversy? Is Maltodextrin safe for kids?

April 21, 2023 | bizjournals.com

Build a business, start a legacy

April 19, 2023 | finance.yahoo.com

Nested Naturals Releases New Product: Brain Superfood Tonic

April 19, 2023 | americanbankingnews.com

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

April 14, 2023 | marketwatch.com

Clean Alternative Fuel Market 2023-2031 with Latest Trend, and Strategies

April 13, 2023 | seekingalpha.com

Checking On Alto Ingredients After Brutal 2022

April 11, 2023 | thestreet.com

April 7, 2023 | bizjournals.com

Santa Cruz ice cream shop, The Penny Ice Creamery, to open two new Bay Area locations

See More Headlines

ALTO Price History

30 days | 90 days | 365 days | Advanced Chart

ALTO Company Calendar

Last Earnings: 3/09/2023
Today: 6/03/2023
Next Earnings (Estimated): 8/14/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Industrial organic chemicals
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NASDAQ:ALTO
CUSIP: N/A
CIK: 778164
Web: www.altoingredients.com
Phone: (916) 403-2123
Fax: 916-446-3937
Employees: 415
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $6.50
High Stock Price Forecast: $7.00
Low Stock Price Forecast: $6.00
Forecasted Upside/Downside: +208.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.74)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-41,600,000.00
Net Margins: -3.89%
Pretax Margin: -3.75%
Return on Equity: -20.64%
Return on Assets: -13.95%

Debt

Debt-to-Equity Ratio: 0.29
Current Ratio: 3.19
Quick Ratio: 1.94

Sales & Book Value

Annual Sales: $1.34 billion
Price / Sales: 0.12
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $3.91 per share
Price / Book: 0.54

Miscellaneous

Outstanding Shares: 75,140,000
Free Float: 72,590,000
Market Cap: $158.55 million
Optionable: Optionable
Beta: 2.37

Key Executives

Michael D. Kandris
President, Chief Executive Officer, COO & Director

Bryon T. McGregor
Chief Financial Officer

James R. Sneed
Chief Commercial Officer & Vice President

Auste Maria Graham
Secretary, Vice President & General Counsel

Michael Kramer
Investor Relations Contact

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ALTO Stock - Frequently Asked Questions

Should I buy or sell Alto Ingredients stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alto Ingredients in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" ALTO shares.
View ALTO analyst ratings or view top-rated stocks.
What is Alto Ingredients' stock price forecast for 2023?: 1 Wall Street analysts have issued 1 year price objectives for Alto Ingredients' shares. Their ALTO share price forecasts range from $6.00 to $7.00. On average, they expect the company's stock price to reach $6.50 in the next year. This suggests a possible upside of 208.1% 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 2023?: Alto Ingredients' stock was trading at $2.88 on January 1st, 2023. Since then, ALTO stock has decreased by 26.7% and is now trading at $2.11.
View the best growth stocks for 2023 here.
When is Alto Ingredients' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our ALTO earnings forecast.
How were Alto Ingredients' earnings last quarter?: Alto Ingredients, Inc. (NASDAQ:ALTO) posted its earnings results on Thursday, March, 9th. The company reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.08) by $0.38. The firm had revenue of $328.44 million for the quarter, compared to analysts' expectations of $322.33 million. Alto Ingredients had a negative trailing twelve-month return on equity of 20.64% and a negative net margin of 3.89%.
What ETF holds Alto Ingredients' stock ?: First Trust Dow Jones Select Microcap Index Fund holds 180,078 shares of ALTO stock, representing 0.18% of its portfolio.

What is Alto Ingredients' stock symbol?: Alto Ingredients trades on the NASDAQ under the ticker symbol "ALTO."
Who are Alto Ingredients' major shareholders?: Alto Ingredients' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (7.47%), Dimensional Fund Advisors LP (3.14%), AQR Capital Management LLC (3.13%), Allspring Global Investments Holdings LLC (2.21%), Charles Schwab Investment Management Inc. (2.16%) and Geode Capital Management LLC (1.81%). Insiders that own company stock include Auste M Graham, Bryon T Mcgregor, Christopher W Wright, Gilbert E Nathan, James R Sneed, Maria G Gray, Michael D Kandris and William L Jones.
View institutional ownership trends.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Alto Ingredients' stock price today?: One share of ALTO stock can currently be purchased for approximately $2.11.
How much money does Alto Ingredients make?: Alto Ingredients (NASDAQ:ALTO) has a market capitalization of $158.55 million and generates $1.34 billion in revenue each year. The company earns $-41,600,000.00 in net income (profit) each year or ($0.74) on an earnings per share basis.
How many employees does Alto Ingredients have?: The company employs 415 workers across the globe.
How can I contact Alto Ingredients?: Alto Ingredients' mailing address is 1300 South Second Street, Pekin IL, 61554. The official website for the company is www.altoingredients.com. The company can be reached via phone at (916) 403-2123, via email at investorrelations@altoingredients.com, or via fax at 916-446-3937.

This page (NASDAQ:ALTO) was last updated on 6/4/2023 by MarketBeat.com Staff

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