ALCO Stock Summary and Trading Ideas (Alico | NASDAQ:ALCO)

Alico Inc is a Florida-based agribusiness and land management company that primarily focuses on citrus production and grove conservation. The company operates through two primary business units: Alico Citrus and Land Management and Other Operations. The Alico Citrus segment engages in cultivation of citrus trees and delivers citrus to the processed and fresh citrus markets. It mainly serves the processed market and sells primarily Hamlin oranges and the Valencia variety to the orange juice processors. The Land Management and Other Operations segment engages in land leasing for recreational, conservation, and mining activities. Alico Citrus delivers most of the revenue as the firm's primary operating business unit.

Alico trades on the NASDAQ stock market under the symbol ALCO.

As of April 17, 2024, ALCO stock price declined to $26.65 with 13,359 million shares trading.

ALCO has a beta of 0.48, meaning it tends to be less sensitive to market movements. ALCO has a correlation of 0.06 to the broad based SPY ETF.

ALCO has a market cap of $203.09 million. This is considered a Small Cap stock.

Last quarter Alico reported $14 million in Revenue and -$.71 earnings per share. This beat revenue expectation by $2 million and missed earnings estimates by -$.43.

In the last 3 years, ALCO stock traded as high as $43.65 and as low as $22.58.

The top ETF exchange traded funds that ALCO belongs to (by Net Assets): IWM, VXF, IWN, VTI, DFAT.

ALCO has underperformed the market in the last year with a price return of +11.3% while the SPY ETF gained +23.0%. ALCO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -4.6% and -6.9%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

ALCO support price is $26.36 and resistance is $27.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALCO stock will trade within this expected range on the day.