A share price of Alight Inc. [ALIT] is currently trading at $7.46, up 1.22%. An important factor to consider is whether the stock is rising or falling in short-term value. The ALIT shares have gain 4.34% over the last week, with a monthly amount glided 1.63%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Alight Inc. [NYSE: ALIT] stock has seen the most recent analyst activity on August 20, 2024, when JP Morgan downgraded its rating to a Neutral but kept the price target unchanged to $8 for it. On December 06, 2023, Canaccord Genuity initiated with a Buy rating and assigned a price target of $12 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $10 on November 07, 2023. Citigroup initiated its recommendation with a Buy and recommended $12 as its price target on June 13, 2023. Wedbush started tracking with a Outperform rating for this stock on December 09, 2022, and assigned it a price target of $13. In a note dated December 06, 2022, Needham initiated an Buy rating and provided a target price of $12 on this stock.
Alight Inc. experienced fluctuations in its stock price throughout the past year between $6.15 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 $7.46 at the most recent close of the market. An investor can expect a potential return of 103.75% based on the average ALIT price forecast.
Analyzing the ALIT fundamentals
Trailing Twelve Months sales for Alight Inc. [NYSE:ALIT] were 2.87B which represents -33.25% decline. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at -0.0%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.05 and Total Capital is -0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.63.
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 7.33 points at the first support level, and at 7.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.54, and for the 2nd resistance point, it is at 7.62.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Alight Inc. [NYSE:ALIT] is 1.36. On the other hand, the Quick Ratio is 1.36, and the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 1.39, the price to book ratio is 0.90.
Transactions by insiders
Recent insider trading involved Katie Rooney, Officer, that happened on Aug 05 ’24 when 95702.0 shares were purchased. Chief Operating Officer, Rooney Katie J. completed a deal on Jul 08 ’24 to sell 47851.0 shares. Meanwhile, Chief Operating Officer Rooney Katie J. sold 47851.0 shares on Jul 09 ’24.
