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Alight Inc. (ALIT) – key numbers that make it a Strong Buy For Now

Alight Inc. (NYSE: ALIT) is 13.13% higher on its value in year-to-date trading and has touched a low of $6.33 and a high of $10.38 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ALIT stock was last observed hovering at around $9.85 in the last trading session, with the day’s loss setting it -0.2%.

Currently trading at $9.65, the stock is 3.89% and 5.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.92 million and changing -2.03% at the moment leaves the stock 15.94% off its SMA200. ALIT registered 8.06% gain for a year compared to 6-month gain of 35.15%. The firm has a 50-day simple moving average (SMA 50) of $2.32 and a 200-day simple moving average (SMA200) of $42.59.

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The stock witnessed a 7.10% loss in the last 1 month and extending the period to 3 months gives it a 12.47%, and is -2.82% 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 2.04% over the week and 2.61% over the month.

Alight Inc. (ALIT) has around 18000 employees, a market worth around $5.29B and $3.41B in sales. Fwd P/E is 11.36. Profit margin for the company is -7.80%. Distance from 52-week low is 52.45% and -7.03% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.64%).

Alight Inc. quarterly earnings per share for the current quarter are estimated at $0.13 with sales reaching $848M over the same period.The EPS is expected to grow by 4.62% this year, but quarterly earnings will post 5.00% year-over-year. Quarterly sales are estimated to grow 2.00% in year-over-year returns.

Alight Inc. (ALIT) Top Institutional Holders

301 institutions hold shares in Alight Inc. (ALIT), with institutional investors hold 98.33% of the company’s shares. The shares outstanding are 510.89M, and float is at 410.88M with Short Float at 4.95%. Institutions hold 93.87% of the Float.

The top institutional shareholder in the company is Cannae Holdings, Inc. with over 52.48 million shares valued at $484.89 million. The investor’s holdings represent 10.56% of the ALIT Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 33.86 million shares valued at $312.86 million to account for 6.81% of the shares outstanding. The other top investors are Fpr Partners Llc which holds 33.08 million shares representing 6.65% and valued at over $305.7 million, while Blackstone Inc holds 6.29% of the shares totaling 31.27 million with a market value of $288.95 million.

Alight Inc. (ALIT) Insider Activity

The most recent transaction is an insider sale by Scholl Stephan,the company’sChief Executive Officer. SEC filings show that Scholl Stephan sold 428,574 shares of the company’s common stock on Mar 20 ’24 at a price of $9.81 per share for a total of $4.2 million. Following the sale, the insider now owns 8.2 million shares.

Alight Inc. disclosed in a document filed with the SEC on Mar 20 ’24 that Tulsiani Dinesh V (Chief Strategy Officer) sold a total of 2,498 shares of the company’s common stock. The trade occurred on Mar 20 ’24 and was made at $10.00 per share for $24980.0. Following the transaction, the insider now directly holds 0.75 million shares of the ALIT stock.

Still, SEC filings show that on Mar 07 ’24, Rooney Katie J. () disposed off 5,454 shares at an average price of $9.09 for $49588.0. The insider now directly holds 2,958,240 shares of Alight Inc. (ALIT).

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