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 twelve months. 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 brokerages have issued 12-month price objectives for Altex Industries' stock. Their ALTX share price targets range from $56.00 to $56.00. On average, they expect the company's stock price to reach $56.00 in the next year. This suggests a possible upside of 23,934.3% 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 2024?

Altex Industries' stock was trading at $0.19 on January 1st, 2024. Since then, ALTX shares have increased by 22.6% and is now trading at $0.2330. View the best growth stocks for 2024 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

OTCMKTS:ALTX

Altex Industries (ALTX) Stock Price, News & Analysis

→ I’m officially sounding the alarm. (From Altimetry) (Ad)

Free ALTX Stock Alerts

$0.23

0.00 (0.00%)

(As of 04/18/2024 ET)

Compare

Today's Range: $0.23
▼
$0.23
50-Day Range: $0.19
▼
$0.25
52-Week Range: $0.14
▼
$0.30

Volume: 50 shs
Average Volume: 303 shs
Market Capitalization: $2.64 million

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

Stock Analysis Analyst Forecasts Chart Financials SEC Filings Short Interest

Get Altex Industries alerts:

Altex Industries MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 23,934.3% Upside
$56.00 Price Target
Short Interest: Healthy
0.04% 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^™

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.

1.20 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.
Amount of Analyst Coverage
Altex Industries has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.04% 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 1.9, 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.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Altex Industries this week, compared to 0 articles on an average week.
Search Interest
1 people have searched for ALTX on MarketBeat in the last 30 days.

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 Earnings Ratio vs. the Market
The P/E ratio of Altex Industries is -23.30, 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 Altex Industries is -23.30, 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
Altex Industries has a P/B Ratio of 2.33. 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

Ad DTI

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

Click here for the full story

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

April 18, 2024 | morningstar.com

Altex Industries Inc ALTX

April 9, 2024 | americanbankingnews.com

Altex Industries (OTCMKTS:ALTX) Stock Price Down 9.8%

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

July 14, 2023 | wsj.com

Firsthand Alternative Energy Fund

May 27, 2023 | finance.yahoo.com

ALTX - Altex Industries, Inc.

March 14, 2023 | seekingalpha.com

ALTX Altex Industries, Inc.

January 27, 2023 | morningstar.com

Firsthand Alternative Energy ALTEX

See More Headlines

Receive ALTX Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Altex Industries and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Today: 4/19/2024
Fiscal Year End: 9/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Sector: Oils/Energy
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
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: +23,934.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.01)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-130,000.00
Net Margins: -284.00%
Pretax Margin: -284.00%
Return on Equity: -6.16%
Return on Assets: -3.02%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.90
Quick Ratio: 1.90

Sales & Book Value

Annual Sales: $30,000.00
Price / Sales: 88.14
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.10 per share
Price / Book: 2.33

Miscellaneous

Outstanding Shares: 11,348,000
Free Float: 5,697,000
Market Cap: $2.64 million
Optionable: Not Optionable
Beta: 0.16

The Next 7 Blockbuster Stocks for Growth Investors

Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.

Get This Free Report

Key Executives

Mr. Steven H. Cardin (Age 73)
Chairman, CEO, Principal Financial Officer & Principal Accounting Officer
Comp: $66k

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 twelve months. 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 brokerages have issued 12-month price objectives for Altex Industries' stock. Their ALTX share price targets range from $56.00 to $56.00. On average, they expect the company's stock price to reach $56.00 in the next year. This suggests a possible upside of 23,934.3% 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 2024?: Altex Industries' stock was trading at $0.19 on January 1st, 2024. Since then, ALTX shares have increased by 22.6% and is now trading at $0.2330.
View the best growth stocks for 2024 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:ALTX) was last updated on 4/19/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial