With 0.65 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.7 million shares. The 52-week range on ALTO shows that it touched its highest point at $2.40 and its lowest point at $1.18 during that stretch. It currently has a 1-year price target of $4.50. Beta for the stock currently stands at 1.73.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ALTO was up-trending over the past week, with a rise of 12.58%, but this was down by -2.30% over a month. Three-month performance surged to 22.30% while six-month performance rose 20.57%. The stock lost -21.66% in the past year, while it has gained 8.97% so far this year. A look at the trailing 12-month EPS for ALTO yields -0.51 with Next year EPS estimates of 0.21. For the next quarter, that number is -0.10. This implies an EPS growth rate of 11.25% for this year and 160.56% for next year.
Float and Shares Shorts:
At present, 76.62 million ALTO shares are outstanding with a float of 72.72 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALTO since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.35276 being high and -$0.35724 being low. For ALTO, this leads to a yearly average estimate of -$0.355. Based on analyst estimates, the high estimate for the next quarter is -$0.02 and the low estimate is -$0.02. The average estimate for the next quarter is thus -$0.02.
