Why Should You Put Alight Inc. (NYSE: ALIT) On Your Portfolio?

Currently, there are 510.89M common shares owned by the public and among those 442.77M shares have been available to trade.

The company’s stock has a 5-day price change of -0.27% and -19.63% over the past three months. ALIT shares are trading -14.07% year to date (YTD), with the 12-month market performance down to -25.96% lower. 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 5.82 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 1.80%, -2.10%, and -10.34% respectively.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Institutional ownership of Alight Inc. (NYSE: ALIT) shares accounts for 84.77% of the company’s 510.89M shares outstanding.

It has a market capitalization of $3.97B and a beta (3y monthly) value of 0.87. The earnings-per-share (ttm) stands at -$0.61. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.23% over the week and 3.06% over the month.

Earnings per share for the fiscal year are expected to increase by 1.75%, and 14.48% 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.

Most Popular

Related Posts