ALTO Stock Summary and Trading Ideas (Alto Ingredients | NASDAQ:ALTO)

Alto Ingredients Inc is a producer of specialty alcohols and essential ingredients. The company serves five markets: Health, Home and Beauty, Food and Beverage, Essential Ingredients, and Renewable Fuels. Its customers include major food and beverage companies and consumer products manufacturers and distributors. The company operates under three segments: Marketing and distribution, Pekin Campus production, and Other production. The Marketing and distribution segment participates in marketing and merchant trading for alcohols and essential ingredients; Pekin Campus produces and sells products produced at the company's Pekin, Illinois, campus, and about half of the firm's revenue flows from this segment. Other production makes and sells from the company's other production facilities.

Alto Ingredients trades on the NASDAQ stock market under the symbol ALTO.

As of April 17, 2024, ALTO stock price declined to $1.96 with 394,897 million shares trading.

ALTO has a beta of 0.71, meaning it tends to be less sensitive to market movements. ALTO has a correlation of 0.01 to the broad based SPY ETF.

ALTO has a market cap of $148.37 million. This is considered a Micro Cap stock.

Last quarter Alto Ingredients reported $274 million in Revenue and -$.18 earnings per share. This fell short of revenue expectation by $-19 million and missed earnings estimates by -$.10.

In the last 3 years, ALTO stock traded as high as $7.37 and as low as $1.20.

The top ETF exchange traded funds that ALTO belongs to (by Net Assets): VTI, FNDA, VXF, PRFZ, DFAT.

ALTO has outperformed the market in the last year with a return of +46.3%, while the SPY ETF gained +23.0%. However, in the most recent history, ALTO shares have underperformed the stock market with its stock returning -6.7% in the last 3 month period and -14.0% for the last 2 week period, while SPY has returned +5.7% and -3.5%, respectively.

ALTO support price is $1.91 and resistance is $2.05 (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 ALTO stock will trade within this expected range on the day.