Despite Alto Ingredients Inc [ALTO]’s great opportunity, the stock is a bit overvalued

In yesterday’s Wall Street session, Alto Ingredients Inc (NASDAQ:ALTO) shares traded at $2.08, up 7.77% from the previous session.

2 analysts cover Alto Ingredients Inc (NASDAQ:ALTO), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $5.50 and a low of $5.00, we find $5.25. Given the previous closing price of $1.93, this indicates a potential upside of 172.02 percent. ALTO stock price is now -48.74% away from the 50-day moving average and -30.41% away from the 200-day moving average. The market capitalization of the company currently stands at $150.43M.

The stock has received a hold rating from 0 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $5.25 as their price target over the next twelve months.

In other news, NATHAN GILBERT E, Director bought 5,000 shares of the company’s stock on Jun 01. The stock was bought for $9,850 at an average price of $1.97. Upon completion of the transaction, the Director now directly owns 583,909 shares in the company, valued at $1.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 31, Director NATHAN GILBERT E bought 5,000 shares of the business’s stock. A total of $9,950 was incurred on buying the stock at an average price of $1.99. This leaves the insider owning 578,909 shares of the company worth $1.2 million. A total of 1.60% of the company’s stock is owned by insiders.

On Wednesday morning Alto Ingredients Inc (NASDAQ: ALTO) stock kicked off with the opening price of $1.9100. During the past 12 months, Alto Ingredients Inc has had a low of $1.20 and a high of $4.97. As of last week, the company has a debt-to-equity ratio of 0.36, a current ratio of 3.06, and a quick ratio of 1.85. The fifty day moving average price for ALTO is $4.0580 and a two-hundred day moving average price translates $2.9889 for the stock.

The latest earnings results from Alto Ingredients Inc (NASDAQ: ALTO) was released for Sep, 2023. The net profit margin was -5.25% and return on equity was -20.10% for ALTO. The company reported revenue of $317.3 million for the quarter, compared to $362.19 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -12.39 percent.

Alto Ingredients Inc(ALTO) Company Profile

Alto Ingredients, Inc. produces and markets specialty alcohols and essential ingredients in the United States. The company operates in three segments: Marketing and Distribution, Pekin Production, and Other 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 and carbon dioxide used for beverage carbonation and dry ice; and essential ingredients include dried yeast, corn gluten meal, corn gluten feed, distiller’s grains, and liquid feed for commercial animal feed and pet food applications. 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 and biodiesel customers. It operates five alcohol production facilities, including three plants in Illinois, Oregon, and Idaho. 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.

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