Alto Ingredients (NASDAQ:ALTO - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at HC Wainwright in a note issued to investors on Thursday,Benzinga reports. They presently have a $5.50 price target on the stock. HC Wainwright's target price indicates a potential upside of 290.07% from the company's current price. HC Wainwright also issued estimates for Alto Ingredients' Q1 2025 earnings at ($0.15) EPS, Q2 2025 earnings at ($0.09) EPS, Q3 2025 earnings at ($0.04) EPS, Q4 2025 earnings at $0.00 EPS and FY2026 earnings at $0.15 EPS.
Alto Ingredients Stock Performance
NASDAQ ALTO traded down $0.09 on Thursday, reaching $1.41. 575,474 shares of the stock were exchanged, compared to its average volume of 668,937. The company's 50-day simple moving average is $1.64 and its two-hundred day simple moving average is $1.58. The company has a current ratio of 3.22, a quick ratio of 2.15 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $108.07 million, a PE ratio of -2.71 and a beta of 1.73. Alto Ingredients has a one year low of $1.18 and a one year high of $2.40.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALTO. JPMorgan Chase & Co. lifted its holdings in shares of Alto Ingredients by 78.6% in the fourth quarter. JPMorgan Chase & Co. now owns 18,109 shares of the company's stock worth $28,000 after buying an additional 7,968 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in shares of Alto Ingredients in the fourth quarter worth about $50,000. SBI Securities Co. Ltd. bought a new position in Alto Ingredients during the fourth quarter valued at approximately $54,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Alto Ingredients by 137.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 58,788 shares of the company's stock worth $95,000 after acquiring an additional 34,061 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Alto Ingredients during the 4th quarter valued at approximately $94,000. 42.44% of the stock is currently owned by institutional investors.
Alto Ingredients Company Profile
(
Get Free Report)
Alto Ingredients, Inc produces, distributes, and markets specialty alcohols, renewable fuel, and essential ingredients in the United States. The company operates in three segments: Marketing and Distribution, Pekin Campus Production, and Western 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 in the food and beverage markets; alcohols and other products for paint applications and fertilizers in the industrial and agriculture markets; and essential ingredients include dried yeast, corn protein meal, corn protein feed, distiller's grains, and liquid feed for commercial animal feed and pet food applications, as well as yeast for human consumption.
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