The stock of Alight Inc. (ALIT) has gone down by -4.77% for the week, with a -9.71% drop in the past month and a -16.87% drop in the past quarter. The volatility ratio for the week is 3.06%, and the volatility levels for the past 30 days are 3.04% for ALIT. The simple moving average for the last 20 days is -5.89% for ALIT stock, with a simple moving average of -5.12% for the last 200 days.
Is It Worth Investing in Alight Inc. (NYSE: ALIT) Right Now?
There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The average price estimated by analysts for ALIT is $13.93, which is $6.07 above than the current price. The public float for ALIT is 382.92M, and at present, short sellers hold a 5.06% of that float. The average trading volume of ALIT on May 26, 2023 was 3.62M shares.
ALIT) stock’s latest price update
Alight Inc. (NYSE: ALIT)’s stock price has decreased by -1.80 compared to its previous closing price of 8.33. However, the company has seen a -4.77% decrease in its stock price over the last five trading sessions.
ALIT Trading at -7.69% 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 -19.69% of loss for the given period.
Volatility was left at 3.04%, however, over the last 30 days, the volatility rate increased by 3.06%, as shares sank -11.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.19% lower at present.
During the last 5 trading sessions, ALIT fell by -4.77%, which changed the moving average for the period of 200-days by +0.12% in comparison to the 20-day moving average, which settled at $8.64. In addition, Alight Inc. saw -2.15% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ALIT starting from Blackstone Holdings I/II GP L., who sale 28,562,652 shares at the price of $8.71 back on Mar 06. After this action, Blackstone Holdings I/II GP L. now owns 57,028 shares of Alight Inc., valued at $248,780,699 using the latest closing price.
Blackstone Management Associat, the 10% Owner of Alight Inc., sale 28,562,652 shares at $8.71 during a trade that took place back on Mar 06, which means that Blackstone Management Associat is holding 57,028 shares at $248,780,699 based on the most recent closing price.
Stock Fundamentals for ALIT
Current profitability levels for the company are sitting at:
- -0.45 for the present operating margin
- +20.98 for the gross margin
The net margin for Alight Inc. stands at -1.98. The total capital return value is set at -0.18, while invested capital returns managed to touch -0.86. Equity return is now at value -2.70, with -1.10 for asset returns.
Based on Alight Inc. (ALIT), the company’s capital structure generated 63.60 points at debt to equity in total, while total debt to capital is 38.87. Total debt to assets is 25.13, with long-term debt to equity ratio resting at 62.90. Finally, the long-term debt to capital ratio is 38.45.
When we switch over and look at the enterprise to sales, we see a ratio of 2.07, with the company’s debt to enterprise value settled at 0.40. The receivables turnover for the company is 4.67 and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.20.
Conclusion
In summary, Alight Inc. (ALIT) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
