Alight Inc. (ALIT) concluded trading on Wednesday at a closing price of $7.57, with 4.15 million shares of worth about $31.43 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -16.17% during that period and on July 31, 2024 the price saw a loss of about -1.05%. Currently the company’s common shares owned by public are about 510.89M shares, out of which, 442.77M shares are available for trading.
Stock saw a price change of 3.13% in past 5 days and over the past one month there was a price change of 6.32%. Year-to-date (YTD), ALIT shares are showing a performance of -11.25% which decreased to -22.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.33 but also hit the highest price of $10.38 during that period. The average intraday trading volume for Alight Inc. shares is 6.00 million. The stock is currently trading 4.37% above its 20-day simple moving average (SMA20), while that difference is up 1.44% for SMA50 and it goes to -7.73% lower than SMA200.
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Alight Inc. (NYSE: ALIT) currently have 510.89M outstanding shares and institutions hold larger chunk of about 88.68% of that.
The stock has a current market capitalization of $4.10B and its 3Y-monthly beta is at 0.86. It has posted earnings per share of -$0.61 in the same period. It has Quick Ratio of 1.56 while making debt-to-equity ratio of 0.65. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ALIT, volatility over the week remained 2.73% while standing at 3.08% over the month.
Stock’s fiscal year EPS is expected to rise by 1.75% while it is estimated to increase by 14.48% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on January 05, 2024 offering a Buy rating for the stock and assigned a target price of $12 to it. Coverage by Canaccord Genuity stated Alight Inc. (ALIT) stock as a Buy in their note to investors on December 06, 2023, suggesting a price target of $12 for the stock. On November 07, 2023, UBS Initiated their recommendations, while on June 13, 2023, Citigroup Initiated their ratings for the stock with a price target of $12. Stock get an Outperform rating from Wedbush on December 09, 2022.
