Alto Ingredients Inc. (NASDAQ:ALTO) has a beta of 3.09, a 12-month trailing P/E ratio of 24.98, and a growth ratio of 1.25. The stock’s Relative Strength Index (RSI) is 65.13, with weekly volatility at 5.96% and ATR at 0.39. The ALTO stock’s 52-week price range has touched low of $0.48 and a $11.44 high. Its shares traded lower over the last trading session, losing -1.91% on 05/28/21. The shares fell to a low of $6.625 before closing at $6.67. Intraday shares traded counted 2.45 million, which was 33.95% higher than its 30-day average trading volume of 3.71M. ALTO’s previous close was $6.80 while the outstanding shares total 70.35M.
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 $494.38 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 44.15 million on their books with 37.58 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 an incline. In terms of their assets, the company currently has 241.59 million total, with 112.75 million as their total liabilities.
ALTO were able to record -8.49 million as free cash flow during the 08/04/2021 quarter of the year, this saw their quarterly net cash flow reduce by -3.52 million. In cash movements, the company had a total of -4.08 million as operating cash flow.
Potential earnings growth for Alto Ingredients Inc. (ALTO)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/04/2021 quarter of the year, Alto Ingredients Inc. recorded a total of 218.73 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -42.37% coming in sequential stages and their sales for the 08/04/2021 quarter increasing by 22.82%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 204.9 million trying to sell their products during the last quarter, with the result yielding a gross income of 13.84 million. This allows shareholders to hold on to 70.35M with the recently reported earning now reading 0.07 cents per share. This is a figure that compared to analyst’s prediction for their 08/04/2021 (0.07 cents a share).
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, NATHAN GILBERT E bought 5,000 shares of the company’s stock in a transaction that recorded on May 19. The purchase was performed at an average price of 5.38, for a total value of 26,900. As the purchase deal closes, the Director, NATHAN GILBERT E now bought 66,134 shares of the company’s stock, valued at 373,657. Also, Director, NATHAN GILBERT E bought 6,200 shares of the company’s stock in a deal that was recorded on May 17. The shares were cost at an average price of 5.09 per share, with a total market value of 31,558. Following this completion of disposal, the Director, NATHAN GILBERT E now holds 7,325 shares of the company’s stock, valued at 37,431. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.90%.