Alight Inc. (NYSE: ALIT) is -15.47% lower on its value in year-to-date trading and has touched a low of $6.15 and a high of $10.38 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 $7.28 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $7.21, the stock is 0.17% and 0.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.85 million and changing -0.96% at the moment leaves the stock -12.17% off its SMA200. ALIT registered -5.01% loss for a year compared to 6-month loss of -16.65%.
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The stock witnessed a 4.04% gain in the last 1 month and extending the period to 3 months gives it a -0.69%, and is 2.56% up 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 2.40% over the week and 2.64% over the month.
Alight Inc. (ALIT) has around 18000 employees, a market worth around $3.86B and $2.87B in sales. Fwd P/E is 12.66. Profit margin for the company is -7.74%. Distance from 52-week low is 17.24% and -30.54% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.16%).
with sales reaching $539.38M over the same period.The EPS is expected to shrink by -28.52% this year, but quarterly earnings will post -30.60% year-over-year. Quarterly sales are estimated to shrink -33.70% in year-over-year returns.
Alight Inc. (ALIT) Top Institutional Holders
324.0 institutions hold shares in Alight Inc. (ALIT), with institutional investors hold 112.73% of the company’s shares. The shares outstanding are 510.89M, and float is at 438.31M with Short Float at 8.64%. Institutions hold 106.71% of the Float.
The top institutional shareholder in the company is CANNAE HOLDINGS, INC. with over 52.48 million shares valued at $387.28 million. The investor’s holdings represent 9.704% of the ALIT Shares outstanding. As of 2024-06-30, the second largest holder is STARBOARD VALUE LP with 43.4 million shares valued at $320.26 million to account for 8.0245 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 41.04 million shares representing 7.5892% and valued at over $302.88 million, while BLACKROCK INC. holds 6.118 of the shares totaling 33.09 million with a market value of $244.17 million.
Alight Inc. (ALIT) Insider Activity
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Alight Inc. disclosed in a document filed with the SEC on Jul 08 ’24 that Rooney Katie J. (Chief Operating Officer) sold a total of 47,851 shares of the company’s common stock. The trade occurred on Jul 08 ’24 and was made at $7.11 per share for $0.34 million. Following the transaction, the insider now directly holds 2.88 million shares of the ALIT stock.
Still, SEC filings show that on Jul 09 ’24, Rooney Katie J. (Chief Operating Officer) disposed off 47,851 shares at an average price of $6.98 for $0.33 million. The insider now directly holds 2,832,902 shares of Alight Inc. (ALIT).
