Alight Inc. (NYSE:ALIT) saw a downside of -0.09% to close Monday at $11.25 after subtracting -$0.01 on the day. The 5-day average trading volume is 1,570,760 shares of the company’s common stock. It has gained $11.48 in the past week. An average of 4,340,240 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,911,054.
ALIT’s 1-month performance is -13.53% or -$1.76 on its low of $10.65 reached on 10/06/21. The company’s shares have touched a 52-week low of $8.46 and high of $14.51. YTD, ALIT has achieved 0.63%. However, the current price is down -22.47%% from the 52-week high price.
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Alight Inc. (ALIT) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 36.91 for the sector.ALIT stock has a beta of 0.00. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 1.67.
Net income and sales went up compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than -$4.18 million. ALIT stock balance sheet for the recent quarter shows that total liabilities totaled 1.03 billion. Shareholders hold equity totaling $446.79 million
Let’s look briefly at Alight Inc. (ALIT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 43.94% to suggest the stock is trending Neutral, with historical volatility in this time period at 22.50%.
The stock’s 5-day moving average is $11.13, reflecting a +2.74% or $0.30 change from its current price. ALIT is currently trading -8.16% above its 20-day SMA. However, the stock’s current price level is away from the SMA50 by +19.55%.
Stochastic %K and %D was 37.61% and 28.90% and the average true range (ATR) pointed at 0.40. The RSI (14) points at 47.30%, while the 14-day stochastic is at 44.78% with the period’s ATR at 0.43. The stock’s 9-day MACD Oscillator is pointing at 0.02 and -0.12 on the 14-day charts.
In the most recent analyst report for Alight Inc. (NYSE: ALIT), Credit Suisse launched coverage with an Outperform rating. Analysts offering their rating for ALIT stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate ALIT as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is ALIT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $15.00 and a high of $16.00, with their median price target at $15.50. Looking at these predictions, the average price target given by analysts is for Alight Inc. (ALIT) stock is $15.50.