In the past week, ALIT stock has gone down by -3.03%, with a monthly decline of -2.09% and a quarterly plunge of -7.50%. The volatility ratio for the week is 1.85%, and the volatility levels for the last 30 days are 2.06% for Alight Inc. The simple moving average for the last 20 days is -2.57% for ALIT stock, with a simple moving average of -12.85% for the last 200 days.
Is It Worth Investing in Alight Inc. (NYSE: ALIT) Right Now?
The 36-month beta value for ALIT is at 0.87. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 3 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for ALIT is 437.84M, and currently, shorts hold a 8.64% of that float. The average trading volume for ALIT on October 28, 2024 was 4.38M shares.
ALIT) stock’s latest price update
Alight Inc. (NYSE: ALIT)’s stock price has decreased by -0.85 compared to its previous closing price of 7.09. However, the company has seen a -3.03% decrease in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-24 that Empowering participants to buy lifetime income at group pricing to create a “personal pension” BOSTON, Oct. 24, 2024 /PRNewswire/ — As companies have shifted from traditional defined benefit pension plans to defined contribution (DC) plans, primarily 401(k)s, a pressing need has emerged: participants require predictable lifetime income to protect against the risk of outliving their retirement savings, while employers need cost-effective solutions that mitigate fiduciary risk. Agilis Partners LLC, a leading investment, actuarial and risk management group, is proud to unveil Agilis PensionBuilder™, an innovative, patent pending solution designed to provide lifetime retirement income for employees and retirees.
Analysts’ Opinion of ALIT
Many brokerage firms have already submitted their reports for ALIT stocks, with JP Morgan repeating the rating for ALIT by listing it as a “Neutral.” The predicted price for ALIT in the upcoming period, according to JP Morgan is $8 based on the research report published on August 20, 2024 of the current year 2024.
Citigroup, 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 January 05th, 2024.
Canaccord Genuity gave a rating of “Buy” to ALIT, setting the target price at $12 in the report published on December 06th of the previous year.
ALIT Trading at -2.53% 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 -32.27% of loss for the given period.
Volatility was left at 2.06%, however, over the last 30 days, the volatility rate increased by 1.85%, as shares sank -3.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.01% upper at present.
During the last 5 trading sessions, ALIT fell by -3.03%, which changed the moving average for the period of 200-days by -18.35% in comparison to the 20-day moving average, which settled at $7.22. In addition, Alight Inc. saw -17.58% 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 Katie Rooney, who proposed sale 95,702 shares at the price of $6.90 back on Aug 05 ’24. After this action, Katie Rooney now owns shares of Alight Inc., valued at $660,344 using the latest closing price.
Rooney Katie J., the Chief Operating Officer of Alight Inc., sale 47,851 shares at $7.11 during a trade that took place back on Jul 08 ’24, which means that Rooney Katie J. is holding 2,880,753 shares at $340,455 based on the most recent closing price.
Stock Fundamentals for ALIT
Current profitability levels for the company are sitting at:
- -0.0 for the present operating margin
- 0.29 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 -5.65, with -2.39 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 0.63. The interest coverage ratio of the stock is -0.05.
Currently, EBITDA for the company is 582.0 million with net debt to EBITDA at 2.08. When we switch over and look at the enterprise to sales, we see a ratio of 2.19. The receivables turnover for the company is 6.78for trailing twelve months and the total asset turnover is 0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.36.
Conclusion
In conclusion, Alight Inc. (ALIT) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
