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Alight Inc. (ALIT) Volatility At 4.11%, Should You Add A Position?

Alight Inc. (NYSE: ALIT) is -27.20% lower on its value in year-to-date trading and has touched a low of $6.31 and a high of $12.26 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ALIT stock was last observed hovering at around $7.86 in the last trading session, with the day’s gains setting it 0.01% off its average median price target of $12.00 for the next 12 months. It is also 47.53% off the consensus price target high of $15.00 offered by 4 analysts, but current levels are 28.45% higher than the price target low of $11.00 for the same period.

Currently trading at $7.87, the stock is -0.73% and 0.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.82 million and changing 0.13% at the moment leaves the stock -10.75% off its SMA200. ALIT registered -33.70% loss for a year compared to 6-month loss of -19.28%.

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The stock witnessed a -0.25% gain in the last 1 month and extending the period to 3 months gives it a 13.24%, and is -0.25% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.11% over the week and 3.36% over the month.

Alight Inc. (ALIT) has around 16000 employees, a market worth around $4.37B and $2.99B in sales. Fwd P/E is 11.51. Profit margin for the company is 0.20%. Distance from 52-week low is 24.72% and -35.81% from its 52-week high. The company has generated returns on investments over the last 12 months (2.10%).

Alight Inc. (ALIT) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Alight Inc. (ALIT) is a “Buy”. 4 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Alight Inc. is expected to release its quarterly report on 11/08/2022.The EPS is expected to grow by 38.20% this year

Alight Inc. (ALIT) Top Institutional Holders

The shares outstanding are 457.85M, and float is at 428.93M with Short Float at 3.41%.

Alight Inc. (ALIT) Insider Activity

The most recent transaction is an insider purchase by Massey Richard N, the company’s Director. SEC filings show that Massey Richard N bought 10,000 shares of the company’s common stock on Apr 01 at a price of $9.54 per share for a total of $95389.0. Following the purchase, the insider now owns 0.39 million shares.

Alight Inc. disclosed in a document filed with the SEC on Mar 31 that FOLEY WILLIAM P II (Director) sold a total of 189,329 shares of the company’s common stock. The trade occurred on Mar 31 and was made at $10.02 per share for $1.9 million. Following the transaction, the insider now directly holds 12.87 million shares of the ALIT stock.

Still, SEC filings show that on Mar 30, FOLEY WILLIAM P II (Director) disposed off 302,305 shares at an average price of $10.18 for $3.08 million. The insider now directly holds 13,064,102 shares of Alight Inc. (ALIT).

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