HC Wainwright Reaffirms “Buy” Rating for Alto Ingredients (NASDAQ:ALTO)

Alto Ingredients (NASDAQ:ALTO)‘s stock had its “buy” rating reissued by stock analysts at HC Wainwright in a research note issued on Thursday,Benzinga reports. They presently have a $5.50 price target on the stock. HC Wainwright’s price objective indicates a potential upside of 266.67% from the stock’s current price. HC Wainwright also issued estimates for Alto Ingredients’ Q1 2025 earnings at ($0.15) EPS, Q2 2025 earnings at ($0.09) EPS, Q3 2025 earnings at ($0.04) EPS, Q4 2025 earnings at $0.00 EPS and FY2026 earnings at $0.15 EPS.

Alto Ingredients Stock Performance

Shares of Alto Ingredients stock opened at $1.50 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.22 and a quick ratio of 2.15. The firm has a market cap of $114.97 million, a P/E ratio of -2.88 and a beta of 1.73. The firm has a 50 day simple moving average of $1.64 and a 200 day simple moving average of $1.58. Alto Ingredients has a fifty-two week low of $1.18 and a fifty-two week high of $2.40.

Institutional Trading of Alto Ingredients

A number of institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in Alto Ingredients by 78.6% during the 4th quarter. JPMorgan Chase & Co. now owns 18,109 shares of the company’s stock worth $28,000 after acquiring an additional 7,968 shares during the period. Geode Capital Management LLC grew its holdings in Alto Ingredients by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 893,951 shares of the company’s stock worth $1,395,000 after acquiring an additional 8,435 shares during the period. Empowered Funds LLC grew its holdings in Alto Ingredients by 4.9% during the 4th quarter. Empowered Funds LLC now owns 253,926 shares of the company’s stock worth $396,000 after acquiring an additional 11,949 shares during the period. Barclays PLC grew its holdings in Alto Ingredients by 16.1% during the 4th quarter. Barclays PLC now owns 89,072 shares of the company’s stock worth $139,000 after acquiring an additional 12,369 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in Alto Ingredients by 5.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 370,852 shares of the company’s stock worth $597,000 after acquiring an additional 19,104 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

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.