Alto Ingredients (NASDAQ:ALTO – Get Free Report)‘s stock had its “buy” rating reissued by equities researchers at HC Wainwright in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $5.50 target price on the stock. HC Wainwright’s price objective indicates a potential upside of 219.77% from the stock’s current price. HC Wainwright also issued estimates for Alto Ingredients’ Q4 2024 earnings at $0.10 EPS and FY2025 earnings at $0.22 EPS.
Alto Ingredients Stock Down 2.3 %
ALTO stock opened at $1.72 on Tuesday. The stock has a market capitalization of $130.20 million, a P/E ratio of -4.41 and a beta of 1.92. The company has a current ratio of 2.59, a quick ratio of 1.78 and a debt-to-equity ratio of 0.29. Alto Ingredients has a 12 month low of $1.53 and a 12 month high of $4.98. The firm has a 50-day moving average price of $2.04 and a 200-day moving average price of $2.37.
Alto Ingredients (NASDAQ:ALTO – Get Free Report) last posted its earnings results on Monday, May 6th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.01. The firm had revenue of $240.63 million during the quarter, compared to analysts’ expectations of $199.56 million. Alto Ingredients had a negative net margin of 2.29% and a negative return on equity of 7.32%. During the same quarter in the prior year, the business earned ($0.17) earnings per share. As a group, equities research analysts anticipate that Alto Ingredients will post -0.26 EPS for the current fiscal year.
Institutional Inflows and Outflows
Alto Ingredients Company Profile
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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