Within its last year performance, ALTO fell by -36.31%, with highs and lows ranging from $4.97 to $1.20, whereas the simple moving average fell by -20.24% in the last 200 days.
Analysis of Alto Ingredients Inc (ALTO)
Further, the quarter-over-quarter decrease in sales is -5.57%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Alto Ingredients Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -13.34% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.90, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and ALTO is recording an average volume of 1.31M. On a monthly basis, the volatility of the stock is set at 6.96%, whereas on a weekly basis, it is put at 5.98%, with a gain of 6.82% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.25, showing growth from the present price of $2.35, which can serve as yet another indication of whether ALTO is worth investing in or should be passed over.
How Do You Analyze Alto Ingredients Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.31%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 42.28% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in ALTO shares?
The recent increase in stakes in ALTO appears to be a result of several institutional investors and hedge funds increasing their positions. Dimensional Fund Advisors LP made another increased to its shares in ALTO during the first quarter, upping its stake by 38.69%. During the last quarter, the company picked up 651,772 additional shares for a total stake of worth $9.72 million, bringing number of shares owned by the company to 2,336,232.
During the first quarter, Charles Schwab Investment Managem added a 210,420 position in ALTO. Millennium Management LLC purchased an additional 0.36 million shares in the last quarter, increasing its holdings by 22.74%, now holding 1.94 million shares worth $8.09 million. At the end of the first quarter, Hotchkis & Wiley Capital Manageme increased its ALTO holdings by 45.74% and now holds 1.85 million ALTO shares valued at $7.68 million with the added 0.58 million shares during the period. ALTO shares are owned by institutional investors to the tune of 42.28% at present.