Is Alto Ingredients Inc (NASDAQ: ALTO) Proving The Doubters Wrong?

Alto Ingredients Inc (ALTO) concluded trading on Thursday at a closing price of $1.21, with 7.64 million shares of worth about $9.24 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -32.40% during that period and on November 07, 2024 the price saw a loss of about -37.63%. Currently the company’s common shares owned by public are about 75.70M shares, out of which, 72.70M shares are available for trading.

Stock saw a price change of -32.02% in past 5 days and over the past one month there was a price change of -25.77%. Year-to-date (YTD), ALTO shares are showing a performance of -54.51% which decreased to -37.31% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.28 but also hit the highest price of $3.00 during that period. The average intraday trading volume for Alto Ingredients Inc shares is 498.43K. The stock is currently trading -30.30% below its 20-day simple moving average (SMA20), while that difference is down -25.74% for SMA50 and it goes to -29.76% lower than SMA200.

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Alto Ingredients Inc (NASDAQ: ALTO) currently have 75.70M outstanding shares and institutions hold larger chunk of about 34.24% of that.

The stock has a current market capitalization of $92.55M and its 3Y-monthly beta is at 2.01. It has posted earnings per share of -$0.51 in the same period. It has Quick Ratio of 2.15 while making debt-to-equity ratio of 0.39. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ALTO, volatility over the week remained 13.46% while standing at 7.65% over the month.

Stock’s fiscal year EPS is expected to rise by 11.25% while it is estimated to increase by 160.56% in next year. EPS is likely to shrink at an annualized rate of 20.00% for next 5-years, compared to annual growth of 22.40% made by the stock over the past 5-years.

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