Home Stock Earnings Investing in Alto Ingredients Inc. (ALTO): What You Must Know

Investing in Alto Ingredients Inc. (ALTO): What You Must Know

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Investing in Alto Ingredients Inc. (ALTO): What You Must Know

Alto Ingredients Inc.’s recent filing unveils that its President, CEO & COO Kandris Michael D acquired Company’s shares for reported $50405.0 on May 20. In the deal valued at $4.06 per share,12,415 shares were bought. As a result of this transaction, Kandris Michael D now holds 548,784 shares worth roughly $ 2.24 million.


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Then, NATHAN GILBERT E bought 20,000 shares, generating $80,800 in total proceeds. Upon buying the shares at $4.04, the Director now owns 483,800 shares.

Before that, NATHAN GILBERT E bought 10,000 shares. Alto Ingredients Inc. shares valued at $49,600 were divested by the Director at a price of $4.96 per share. As a result of the transaction, NATHAN GILBERT E now holds 463,800 shares, worth roughly $1.9 million.

Price Performance Review of ALTO

On Friday, Alto Ingredients Inc. [NASDAQ:ALTO] remained unchanged $4.09. On the same session, the stock had its day’s lowest price of $4.005, but rose to a high of $4.21. Over the last five days, the stock has lost -0.49%. Alto Ingredients Inc. shares have fallen nearly -14.97% since the year began. Nevertheless, the stocks have fallen -25.91% over the past one year. While a 52-week high of $7.37 was reached on 04/14/22, a 52-week low of $3.51 was recorded on 06/30/22. SMA at 50 days reached $3.99, while 200 days put it at $4.86. A total of 0.63 million shares were traded, compared to the trading of 0.72 million shares in the previous session.

Levels Of Support And Resistance For ALTO Stock

The 24-hour chart illustrates a support level at 3.99, which if violated will result in even more drops to 3.90. On the upside, there is a resistance level at 4.20. A further resistance level may holdings at 4.31. The Relative Strength Index (RSI) on the 14-day chart is 52.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.05%. Stochastics %K at 52.20% indicates the stock is a holding.

How much short interest is there in Alto Ingredients Inc.?

A steep rise in short interest was recorded in Alto Ingredients Inc. stocks on Jul 14, 2022, growing by 1.82 million shares to a total of 9.11 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 7.29 million shares. There was a rise of 19.98%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 12.71% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.07.

Alto Ingredients Inc. [ALTO] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 4,970,789 shares, or roughly 6.70% of the outstanding ALTO shares. In other words, the investor’s shares have risen by 211,828 from its previous 13-F filing of 4758961.0. Additionally, The Vanguard Group, Inc. decreased -0.51% of its stake after which the total value it holdings stand at $12,330,089, while Dimensional Fund Advisors LP added 31.34% of its stake to hold $9.78 million in the firm. Over the last quarter, Allspring Global Investments LLC purchased 13,557 shares of Alto Ingredients Inc., while SSgA Funds Management, Inc. bought -7,393,183 shares. At present, Teachers Advisors LLC is holding 1,457,612 shares valued at $5.31 million. Millennium Management LLC owned 1,433,688 shares of the company at the time of its most recent 13F filing, worth $5.22 million.

According to FactSet, Alto Ingredients Inc.’s share price will average $11.67 in the next year, based on opinions of analysts polled by the firm. This is up nearly 168.95 percent from its previous closing price of $4.09. Analysts expect Alto Ingredients Inc. stock to reach the higher price of $16.00, while the lowest price estimate is $8.00. However, 3 analysts have rated ALTO stock as a Buy in their predictions for 2022.

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