Alto Ingredients (ALTO) Loses -20.43% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Core Viewpoint - Alto Ingredients (ALTO) has experienced a significant decline of 20.4% over the past four weeks, but it is now in oversold territory, suggesting a potential for a turnaround as analysts expect better earnings than previously predicted [1][3]. Group 1: Stock Performance - The stock has faced excessive selling pressure, leading to a notable downtrend [1]. - ALTO's Relative Strength Index (RSI) is currently at 25.18, indicating that the heavy selling may be exhausting itself, which could lead to a price rebound [3]. Group 2: Analyst Sentiment - There is a consensus among sell-side analysts to raise earnings estimates for ALTO, with the EPS estimate increasing by 34.6% over the last 30 days [5]. - ALTO holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating strong potential for a turnaround [5].