Should I buy or sell Altex Industries stock right now?

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

What is Altex Industries' stock price target for 2024?

1 analysts have issued 12 month price targets for Altex Industries' shares. Their ALTX share price targets range from $56.00 to $56.00. On average, they expect the company's share price to reach $56.00 in the next year. This suggests a possible upside of 29,219.4% from the stock's current price. View analysts price targets for ALTX or view top-rated stocks among Wall Street analysts .

How have ALTX shares performed in 2023?

Altex Industries' stock was trading at $0.10 at the beginning of the year. Since then, ALTX stock has increased by 91.0% and is now trading at $0.1910. View the best growth stocks for 2023 here .

How do I buy shares of Altex Industries?

Shares of ALTX 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 .

Altex Industries Stock Price, News & Analysis (OTCMKTS:ALTX)

$0.19

0.00 (0.00%)

(As of 12/4/2023 ET)

Compare

Today's Range: $0.19
▼
$0.22
50-Day Range: $0.14
▼
$0.24
52-Week Range: $0.08
▼
$0.30

Volume: 2,000 shs
Average Volume: 11,538 shs
Market Capitalization: $2.20 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $56.00

Stock Analysis Analyst Forecasts Chart Earnings Financials Headlines SEC Filings Short Interest

Altex Industries MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 29,219.4% Upside
$56.00 Price Target
Short Interest: Healthy
0.01% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
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.

1.90 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Altex Industries 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 $56.00, Altex Industries has a forecasted upside of 29,219.4% from its current price of $0.19.
Amount of Analyst Coverage
Altex Industries has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.01% of the outstanding shares of Altex Industries have been sold short.
Short Interest Ratio / Days to Cover
Altex Industries has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month

0.0

Dividend Strength

Dividend Yield
Altex Industries does not currently pay a dividend.
Dividend Growth
Altex Industries 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 ALTX.

N/A

News and Social Media Coverage

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Altex Industries insiders have not sold or bought any company stock.
Percentage Held by Insiders
49.80% of the stock of Altex Industries is held by insiders. A high percentage of insider ownership can be a sign of company health.

0.0

Earnings and Valuation

Price to Book Value per Share Ratio
Altex Industries has a P/B Ratio of 1.74. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Altex Industries Stock (OTCMKTS:ALTX)

Altex Industries, Inc., through its subsidiary, Altex Oil Corporation, owns interests in productive onshore oil and gas properties located in Utah and Wyoming. The company was incorporated in 1985 and is based in Denver, Colorado.

ALTX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ALTX Stock News Headlines

July 14, 2023 | wsj.com

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May 27, 2023 | finance.yahoo.com

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Company Calendar

Today: 12/04/2023
Fiscal Year End: 9/30/2024

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Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: OTCMKTS:ALTX
CUSIP: N/A
CIK: 775057
Web: www.altexinc.com
Phone: (303) 265-9312
Fax: N/A
Employees: 1
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $56.00
High Stock Price Target: $56.00
Low Stock Price Target: $56.00
Potential Upside/Downside: +29,219.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $310,000.00
Net Margins: -603.70%
Pretax Margin: -603.70%
Return on Equity: -13.30%
Return on Assets: -6.73%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.95
Quick Ratio: 1.95

Sales & Book Value

Annual Sales: $40,000.00
Price / Sales: 54.99
Cash Flow: $0.03 per share
Price / Cash Flow: 7.12
Book Value: $0.11 per share
Price / Book: 1.74

Miscellaneous

Outstanding Shares: 11,517,000
Free Float: 5,782,000
Market Cap: $2.20 million
Optionable: Not Optionable
Beta: 0.08

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Key Executives

Mr. Steven H. Cardin (Age 72)
Chairman, CEO, Principal Financial Officer & Principal Accounting Officer
Comp: $3k

Key Competitors

View All Competitors

ALTX Stock Analysis - Frequently Asked Questions

Should I buy or sell Altex Industries stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altex Industries in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ALTX shares.
View ALTX analyst ratings or view top-rated stocks.
What is Altex Industries' stock price target for 2024?: 1 analysts have issued 12 month price targets for Altex Industries' shares. Their ALTX share price targets range from $56.00 to $56.00. On average, they expect the company's share price to reach $56.00 in the next year. This suggests a possible upside of 29,219.4% from the stock's current price.
View analysts price targets for ALTX or view top-rated stocks among Wall Street analysts.
How have ALTX shares performed in 2023?: Altex Industries' stock was trading at $0.10 at the beginning of the year. Since then, ALTX stock has increased by 91.0% and is now trading at $0.1910.
View the best growth stocks for 2023 here.
How do I buy shares of Altex Industries?: Shares of ALTX 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.

This page (OTCMKTS:ALTX) was last updated on 12/4/2023 by MarketBeat.com Staff

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Altex Industries Stock Price, News & Analysis (OTCMKTS:ALTX)