A share price of Alight Inc. [ALIT] is currently trading at $7.61, up 0.93%. An important factor to consider is whether the stock is rising or falling in short-term value. The ALIT shares have gain 4.10% over the last week, with a monthly amount drifted -6.05%, and not seem to be holding up well over a long-time horizon.
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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 $15.2 within the next 12 months. Alight Inc. [NYSE: ALIT] shares were valued at $7.61 at the most recent close of the market. An investor can expect a potential return of 99.74% based on the average ALIT price forecast.
Analyzing the ALIT fundamentals
Trailing Twelve Months sales for Alight Inc. [NYSE:ALIT] were 3.14B which represents -32.73% decline. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at -0.0%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.07 and Total Capital is -0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.63.
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 7.52 points at the first support level, and at 7.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.66, and for the 2nd resistance point, it is at 7.72.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Alight Inc. [NYSE:ALIT] is 1.56. On the other hand, the Quick Ratio is 1.56, and the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 1.31, the price to book ratio is 0.93.
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.
