A share price of Alight Inc. [ALIT] is currently trading at $9.41, up 0.53%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ALIT shares have gain 0.97% over the last week, with a monthly amount glided 4.56%, and seem to be holding up well over a long-time horizon.
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On 4, April 2024, Fortune Media and Great Place to Work Recognize Alight as a ‘100 Best Companies to Work For’ in 2024. In a post published today on Yahoo Finance, Alight recognized for focus on the employee experience as well as dedication to improving employee wellbeing.
From an analyst’s perspective:
Previously, Canaccord Genuity started tracking the stock with Buy rating on December 06, 2023, and set its price target to $12. On November 07, 2023, UBS initiated with a Buy rating and assigned a price target of $10 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $12 on June 13, 2023. Wedbush initiated its recommendation with a Outperform and recommended $13 as its price target on December 09, 2022. Needham started tracking with a Buy rating for this stock on December 06, 2022, and assigned it a price target of $12. In a note dated September 16, 2022, KeyBanc Capital Markets initiated an Overweight rating and provided a target price of $15 on this stock.
Alight Inc. experienced fluctuations in its stock price throughout the past year between $6.33 and $10.38. Currently, Wall Street analysts expect the stock to reach $16.75 within the next 12 months. Alight Inc. [NYSE: ALIT] shares were valued at $9.41 at the most recent close of the market. An investor can expect a potential return of 78.0% based on the average ALIT price forecast.
Analyzing the ALIT fundamentals
Trailing Twelve Months sales for Alight Inc. [NYSE:ALIT] were 3.41B which represents 1.91% growth. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.06 and Total Capital is -0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.64.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.29 points at the first support level, and at 9.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.48, and for the 2nd resistance point, it is at 9.55.
Alight Inc. [ALIT] reported earnings per share of $0.3 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.26/share, meaning a difference of $0.04 and a surprise factor of 15.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.14 per share as compared to estimates of $0.13 per share, a difference of $0.01 representing a surprise of 7.70%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Alight Inc. [NYSE:ALIT] is 1.25. In addition, the Quick Ratio stands at 1.25 and the Cash Ratio stands at 0.8. Considering the valuation of this stock, the price to sales ratio is 1.51, the price to book ratio is 1.08.
Transactions by insiders
Recent insider trading involved Scholl Stephan, Chief Executive Officer, that happened on Apr 09 ’24 when 23484.0 shares were sold. Chief Executive Officer, Scholl Stephan completed a deal on Apr 08 ’24 to sell 83016.0 shares. Meanwhile, Rooney Katie J. sold 2777.0 shares on Apr 02 ’24.
