Alight Inc. (ALIT): Street Finally Waking Up

Currently, there are 478.34M common shares owned by the public and among those 370.39M shares have been available to trade.

Insiders at the company have transacted a total of 77 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 42 of these insider trades were purchases, accounting for 66,694,255 shares. Insider sales of the common stock occurred on 35 occasions, with total insider shares sold totaling 180,462,929 shares.

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However, the script later moved the day high at 9.53, up 0.64%. The company’s stock has a 5-day price change of 5.01% and 37.26% over the past three months. ALIT shares are trading 10.55% year to date (YTD), with the 12-month market performance up to 0.86% higher. It has a 12-month low price of $6.33 and touched a high of $10.19 over the same period. ALIT has an average intraday trading volume of 1.44 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.36%, 11.16%, and 14.66% respectively.

Institutional ownership of Alight Inc. (NYSE: ALIT) shares accounts for 80.65% of the company’s 478.34M shares outstanding.

It has a market capitalization of $4.73B and a beta (3y monthly) value of 0.92. The earnings-per-share (ttm) stands at -$0.51. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.07% over the week and 2.38% over the month.

Analysts forecast that Alight Inc. (ALIT) will achieve an EPS of $0.26 for the current quarter, $0.14 for the next quarter and $0.73 for 2024. The lowest estimate earnings-per-share for the quarter is $0.21 while analysts give the company a high EPS estimate of $0.28. Comparatively, EPS for the current quarter was $0.2 a year ago. Earnings per share for the fiscal year are expected to increase by 17.27%, and 8.65% over the next financial year.

Looking at the support for the ALIT, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on January 05, 2024, with the firm’s price target at $12.

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