Alight Inc (NYSE: ALIT) is -11.27% lower on its value in year-to-date trading and has touched a low of $5.87 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 $6.33 in the last trading session, with the day’s loss setting it -0.19%.
Currently trading at $6.14, the stock is -5.33% and -7.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.15 million and changing -3.00% at the moment leaves the stock -13.85% off its SMA200. ALIT registered -29.83% loss for a year compared to 6-month loss of -15.08%. The firm has a 50-day simple moving average (SMA 50) of $6.659 and a 200-day simple moving average (SMA200) of $7.12685.
The stock witnessed a -9.17% gain in the last 1 month and extending the period to 3 months gives it a -14.84%, and is 1.82% 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 3.74% over the week and 3.96% over the month.
Alight Inc (ALIT) has around 9500 employees, a market worth around $3.33B and $2.33B in sales. Fwd P/E is 9.41. Profit margin for the company is -6.13%. Distance from 52-week low is 4.60% and -40.85% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.23%).
with sales reaching $542.66M over the same period.The EPS is expected to grow by 3.22% this year, but quarterly earnings will post 0.90% year-over-year. Quarterly sales are estimated to shrink -33.50% in year-over-year returns.
Alight Inc (ALIT) Top Institutional Holders
335.0 institutions hold shares in Alight Inc (ALIT), with institutional investors hold 113.29% of the company’s shares. The shares outstanding are 531.70M, and float is at 450.61M with Short Float at 6.90%. Institutions hold 107.85% 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 9.6081% 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 7.9453 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
The most recent transaction is an insider purchase by Lopes Robert A. Jr., the company’s Director. SEC filings show that Lopes Robert A. Jr. bought 3,000 shares of the company’s common stock on Mar 13 ’25 at a price of $6.25 per share for a total of $18750.0. Following the purchase, the insider now owns 23941.0 shares.
Alight Inc disclosed in a document filed with the SEC on Mar 10 ’25 that Massey Richard N (Director) bought a total of 100,000 shares of the company’s common stock. The trade occurred on Mar 10 ’25 and was made at $6.39 per share for $0.64 million. Following the transaction, the insider now directly holds 1.57 million shares of the ALIT stock.
Still, SEC filings show that on Mar 03 ’25, SCHRIESHEIM ROBERT A (Director) acquired 22,092 shares at an average price of $6.79 for $0.15 million. The insider now directly holds 22,092 shares of Alight Inc (ALIT).
