Company’s 36-month beta value is 0.91.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for ALIT is 440.36M, and currently, short sellers hold a 8.34% ratio of that floaft. The average trading volume of ALIT on November 26, 2024 was 4.99M shares.
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ALIT) stock’s latest price update
Alight Inc (NYSE: ALIT)’s stock price has gone rise by 1.38 in comparison to its previous close of 7.98, however, the company has experienced a 5.48% increase in its stock price over the last five trading days. zacks.com reported 2024-11-22 that Alight (ALIT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
ALIT’s Market Performance
Alight Inc (ALIT) has seen a 5.48% rise in stock performance for the week, with a 15.08% gain in the past month and a 8.59% surge in the past quarter. The volatility ratio for the week is 2.84%, and the volatility levels for the past 30 days are at 3.58% for ALIT. The simple moving average for the past 20 days is 7.18% for ALIT’s stock, with a 2.05% simple moving average for the past 200 days.
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 9.95% 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 -22.06% of loss for the given period.
Volatility was left at 3.58%, however, over the last 30 days, the volatility rate increased by 2.84%, as shares surge +12.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.13% upper at present.
During the last 5 trading sessions, ALIT rose by +5.48%, which changed the moving average for the period of 200-days by -13.66% in comparison to the 20-day moving average, which settled at $7.55. In addition, Alight Inc saw -5.16% 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 George Gregory A., who sale 84,929 shares at the price of $7.60 back on Nov 15 ’24. After this action, George Gregory A. now owns 223,327 shares of Alight Inc, valued at $645,104 using the latest closing price.
GREGORY ADRIAN GEORGE, the Officer of Alight Inc, proposed sale 84,929 shares at $7.60 during a trade that took place back on Nov 15 ’24, which means that GREGORY ADRIAN GEORGE is holding shares at $645,104 based on the most recent closing price.
Stock Fundamentals for ALIT
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.31 for the gross margin
The net margin for Alight Inc stands at -0.09. The total capital return value is set at -0.01. Equity return is now at value -5.65, with -2.63 for asset returns.
Based on Alight Inc (ALIT), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 0.47. The interest coverage ratio of the stock is -0.71.
Currently, EBITDA for the company is 186.0 million with net debt to EBITDA at 8.92. When we switch over and look at the enterprise to sales, we see a ratio of 2.31. The receivables turnover for the company is 5.77for 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 1.27.
Conclusion
In a nutshell, Alight Inc (ALIT) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
