Alight Inc. (NYSE: ALIT): Stock That Needs Special Handling

Currently, there are 510.89M common shares owned by the public and among those 410.88M shares have been available to trade.

The company’s stock has a 5-day price change of -4.16% and 10.67% over the past three months. ALIT shares are trading 10.67% year to date (YTD), with the 12-month market performance up to 5.83% higher. It has a 12-month low price of $6.33 and touched a high of $10.38 over the same period. ALIT has an average intraday trading volume of 7.55 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.33%, 2.49%, and 13.38% respectively.

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Institutional ownership of Alight Inc. (NYSE: ALIT) shares accounts for 78.26% of the company’s 510.89M shares outstanding.

It has a market capitalization of $5.17B and a beta (3y monthly) value of 0.92. The earnings-per-share (ttm) stands at -$0.54. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.17% over the week and 2.59% over the month.

Analysts forecast that Alight Inc. (ALIT) will achieve an EPS of $0.13 for the current quarter, $0.14 for the next quarter and $0.85 for 2025. The lowest estimate earnings-per-share for the quarter is $0.1 while analysts give the company a high EPS estimate of $0.16. Comparatively, EPS for the current quarter was $0.13 a year ago. Earnings per share for the fiscal year are expected to increase by 4.62%, and 14.36% 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. Canaccord Genuity coverage for the Alight Inc. (ALIT) stock in a research note released on December 06, 2023 offered a Buy rating with a price target of $12. UBS was of a view on November 07, 2023 that the stock is Buy, while Citigroup gave the stock Buy rating on June 13, 2023, issuing a price target of $12. Wedbush on their part issued Outperform rating on December 09, 2022.

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