The stock price of Alight Inc (NYSE: ALIT) has surged by 2.80 when compared to previous closing price of 6.79, but the company has seen a 5.28% gain in its stock price over the last five trading sessions. forbes.com reported 2025-01-19 that Ready for the inaugurations? Yes, with a plural.
Is It Worth Investing in Alight Inc (NYSE: ALIT) Right Now?
The 36-month beta value for ALIT is at 0.95. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for ALIT is 452.06M, and currently, shorts hold a 7.33% of that float. The average trading volume for ALIT on January 22, 2025 was 5.57M shares.
ALIT’s Market Performance
ALIT stock saw a decrease of 5.28% in the past week, with a monthly decline of -1.13% and a quarterly a decrease of -5.16%. The volatility ratio for the week is 2.38%, and the volatility levels for the last 30 days are 2.68% for Alight Inc (ALIT). The simple moving average for the past 20 days is 2.77% for ALIT’s stock, with a -7.32% 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 previous 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 -4.46% 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 -32.76% of loss for the given period.
Volatility was left at 2.68%, however, over the last 30 days, the volatility rate increased by 2.38%, as shares surge +2.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.43% upper at present.
During the last 5 trading sessions, ALIT rose by +5.28%, which changed the moving average for the period of 200-days by -26.14% in comparison to the 20-day moving average, which settled at $6.79. In addition, Alight Inc saw 0.87% 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 DNB Holdco, LLC, who proposed sale 12,000,000 shares at the price of $7.90 back on Dec 03 ’24. After this action, DNB Holdco, LLC now owns shares of Alight Inc, valued at $94,800,000 using the latest closing price.
Goff Gregory R, the President of Alight Inc, sale 250,000 shares at $8.00 during a trade that took place back on Nov 27 ’24, which means that Goff Gregory R is holding 852,694 shares at $2,001,100 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 2.09. The receivables turnover for the company is 5.36for 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 conclusion, Alight Inc (ALIT) has had a mixed 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.