Alto Ingredients Inc. (NASDAQ:ALTO) previous close was $5.18 while the outstanding shares total 67.58M. The firm has a beta of 3.12, a 12-month trailing P/E ratio of 20.07, and a growth ratio of 1.00. ALTO’s shares traded higher over the last trading session, gaining 3.47% on 05/17/21. The shares fell to a low of $4.95 before closing at $5.36. Intraday shares traded counted 5.09 million, which was -44.3% lower than its 30-day average trading volume of 3.53M. The stock’s Relative Strength Index (RSI) is 47.04, with weekly volatility at 8.87% and ATR at 0.38. The ALTO stock’s 52-week price range has touched low of $0.36 and a $11.44 high.
Investors have identified the Specialty Chemicals company Alto Ingredients Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $374.66 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Alto Ingredients Inc. (ALTO) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For ALTO, the company has in raw cash 47.67 million on their books with 25.53 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 214.05 million total, with 86.93 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 0.93 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ALTO sounds very interesting.
Is the stock of ALTO attractive?
In related news, Director, Jones William L sold 20,000 shares of the company’s stock in a transaction that recorded on Mar 17. The sale was performed at an average price of 5.98, for a total value of 119,600. As the sale deal closes, the CCO and VP, Sneed James R now sold 100,000 shares of the company’s stock, valued at 601,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.80%.