Alight Inc. (NYSE:ALIT) went up by 1.20% from its latest closing price compared to the recent 1-year high of $11.10. The company’s stock price has collected 4.86% of gains in the last five trading sessions.
Is It Worth Investing in Alight Inc. (NYSE :ALIT) Right Now?
Alight Inc. (NYSE:ALIT) scored a price-to-earnings ratio above its average ratio, recording 54.85 x from its present earnings ratio. Opinions of the stock are interesting as 7 analysts out of 7 who provided ratings for Alight Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $12.71, which is $3.44 above the current price. ALIT currently public float of 355.84M and currently shorts hold a 4.19% ratio of that float. Today, the average trading volume of ALIT was 2.55M shares.
ALIT’s Market Performance
ALIT stocks went up by 4.86% for the week, with a monthly jump of 13.33% and a quarterly performance of 22.13%, while its annual performance rate touched -2.83%. The volatility ratio for the week stands at 4.72% while the volatility levels for the past 30 days are set at 3.41% for Alight Inc. The simple moving average for the period of the last 20 days is 6.64% for ALIT stocks with a simple moving average of 14.23% for the last 200 days.
Analysts’ Opinion of ALIT
Many brokerage firms have already submitted their reports for ALIT stocks, with Wedbush repeating the rating for ALIT by listing it as a “Outperform.” The predicted price for ALIT in the upcoming period, according to Wedbush is $13 based on the research report published on December 09th of the previous year 2022.
Needham, on the other hand, stated in their research note that they expect to see ALIT reach a price target of $12. The rating they have provided for ALIT stocks is “Buy” according to the report published on December 06th, 2022.
KeyBanc Capital Markets gave a rating of “Overweight” to ALIT, setting the target price at $15 in the report published on September 16th of the previous year.
ALIT Trading at 7.29% from the 50-Day Moving Average
After a stumble in the market that brought ALIT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.49% of loss for the given period.
Volatility was left at 3.41%, however, over the last 30 days, the volatility rate increased by 4.72%, as shares surge +12.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.27% lower at present.
During the last 5 trading sessions, ALIT rose by +4.86%, which changed the moving average for the period of 200-days by +6.31% in comparison to the 20-day moving average, which settled at $8.75. In addition, Alight Inc. saw 10.89% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at ALIT starting from Massey Richard N, who purchase 100,000 shares at the price of $8.14 back on Dec 15. After this action, Massey Richard N now owns 1,293,195 shares of Alight Inc., valued at $814,000 using the latest closing price.
Blackstone Holdings I/II GP L., the 10% Owner of Alight Inc., sale 6,341,568 shares at $8.00 during a trade that took place back on Dec 14, which means that Blackstone Holdings I/II GP L. is holding 83,109 shares at $50,732,544 based on the most recent closing price.
Stock Fundamentals for ALIT
Current profitability levels for the company are sitting at:
- +6.66 for the present operating margin
- +23.77 for the gross margin
The net margin for Alight Inc. stands at -2.06. Equity return is now at value 1.80, with 0.70 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.14.