The stock has a 36-month beta value of 0.93. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ALIT is 422.61M, and at present, short sellers hold a 4.67% of that float. On May 01, 2024, the average trading volume of ALIT was 5.62M shares.
ALIT) stock’s latest price update
Alight Inc. (NYSE: ALIT)’s stock price has gone decline by -2.06 in comparison to its previous close of 9.21, however, the company has experienced a -2.49% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-26 that Alight (ALIT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
ALIT’s Market Performance
ALIT’s stock has fallen by -2.49% in the past week, with a monthly drop of -6.53% and a quarterly drop of -0.11%. The volatility ratio for the week is 1.88% while the volatility levels for the last 30 days are 2.13% for Alight Inc.. The simple moving average for the past 20 days is -2.44% for ALIT’s stock, with a 8.27% simple moving average for the past 200 days.
Analysts’ Opinion of ALIT
Many brokerage firms have already submitted their reports for ALIT stocks, with Citigroup repeating the rating for ALIT by listing it as a “Buy.” The predicted price for ALIT in the upcoming period, according to Citigroup is $12 based on the research report published on January 05, 2024 of the current year 2024.
Canaccord Genuity, 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, 2023.
UBS gave a rating of “Buy” to ALIT, setting the target price at $10 in the report published on November 07th of the previous year.
ALIT Trading at -2.68% 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 -13.10% of loss for the given period.
Volatility was left at 2.13%, however, over the last 30 days, the volatility rate increased by 1.88%, as shares sank -4.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.75% lower at present.
During the last 5 trading sessions, ALIT fell by -2.49%, which changed the moving average for the period of 200-days by -6.72% in comparison to the 20-day moving average, which settled at $9.23. In addition, Alight Inc. saw 5.74% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ALIT starting from Scholl Stephan, who sale 23,484 shares at the price of $9.53 back on Apr 09 ’24. After this action, Scholl Stephan now owns 8,091,699 shares of Alight Inc., valued at $223,889 using the latest closing price.
Scholl Stephan, the Chief Executive Officer of Alight Inc., sale 83,016 shares at $95.10 during a trade that took place back on Apr 08 ’24, which means that Scholl Stephan is holding 8,115,183 shares at $7,894,988 based on the most recent closing price.
Stock Fundamentals for ALIT
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.33 for the gross margin
The net margin for Alight Inc. stands at -0.08. The total capital return value is set at -0.0. Equity return is now at value -5.98, with -2.42 for asset returns.
Based on Alight Inc. (ALIT), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is -0.21.
Currently, EBITDA for the company is 582.0 million with net debt to EBITDA at 0.97. When we switch over and look at the enterprise to sales, we see a ratio of 1.79. The receivables turnover for the company is 4.24for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.
Conclusion
To sum up, Alight Inc. (ALIT) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
