Currently, there are 532.44M common shares owned by the public and among those 452.12M shares have been available to trade.
The company’s stock has a 5-day price change of -4.08% and -2.49% over the past three months. ALIT shares are trading -17.23% year to date (YTD), with the 12-month market performance down to -13.90% lower. It has a 12-month low price of $6.15 and touched a high of $10.38 over the same period. ALIT has an average intraday trading volume of 5.02 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 -7.51%, -5.13%, and -9.47% respectively.
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Institutional ownership of Alight Inc (NYSE: ALIT) shares accounts for 96.79% of the company’s 532.44M shares outstanding.
It has a market capitalization of $3.83B and a beta (3y monthly) value of 0.92. The earnings-per-share (ttm) stands at -$0.47. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.79% over the week and 2.45% over the month.
Analysts forecast that Alight Inc (ALIT) will achieve an EPS of 0.22 for the current quarter, 0.14 for the next quarter and 0.63 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.09 while analysts give the company a high EPS estimate of 0.09. Comparatively, EPS for the current quarter was 0.3 a year ago. Earnings per share for the fiscal year are expected to decrease by -25.49%, and 11.76% over the next financial year.
Looking at the support for the ALIT, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on August 20, 2024, with the firm’s price target at $8. Citigroup coverage for the Alight Inc (ALIT) stock in a research note released on January 05, 2024 offered a Buy rating with a price target of $12. Canaccord Genuity was of a view on December 06, 2023 that the stock is Buy, while UBS gave the stock Buy rating on November 07, 2023, issuing a price target of $10. Citigroup on their part issued Buy rating on June 13, 2023.
