Alto Ingredients (NASDAQ:ALTO – Get Free Report)‘s stock had its “buy” rating restated by analysts at HC Wainwright in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $5.50 target price on the stock. HC Wainwright’s target price points to a potential upside of 219.77% from the company’s previous close. 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 opened at $1.72 on Tuesday. The company has a market cap of $130.20 million, a P/E ratio of -4.41 and a beta of 1.92. Alto Ingredients has a 12 month low of $1.53 and a 12 month high of $4.98. The business’s 50-day moving average price is $2.04 and its 200-day moving average price is $2.37. 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 (NASDAQ:ALTO – Get Free Report) last announced its quarterly earnings results on Monday, May 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.01. The business had revenue of $240.63 million for the quarter, compared to analyst estimates 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 last year, the firm earned ($0.17) EPS. On average, equities analysts expect that Alto Ingredients will post -0.26 EPS for the current year.
Institutional Investors Weigh In On Alto Ingredients
About Alto Ingredients
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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