As of Wednesday close, Alight Inc.’s (NYSE:ALIT) stock was up $0.08, moving up 1.16 percent to $6.95. The average number of shares traded per day over the past five days has been 3,500,680 shares. 1 time new highs have been achieved over the past 5 days, with a $0.01 gain in that time frame. In the last twenty days, the average volume was 3,753,505, while in the previous 50 days, it was 3,745,008.
Since last month, ALIT stock retreated -11.80%. Shares of the company fell to $6.70 on 06/17/22, the lowest level in the past month. Since the beginning of this year, ALIT’s stock price has dropped by -35.71% or -$3.86, and marked a new high 3 times. However, the stock has declined by -47.90% since its 52-week high.
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Alight Inc. (ALIT) last reported insider trading activity 83 days ago on Apr 01. Massey Richard N, the Director of the company, purchased of 10,000 shares for $9.54 on Apr 01. It resulted in a $95,389 investment by the insider. FOLEY WILLIAM P II sold 189,329 shares at an average price of $10.02 on Mar 31. The insider now owns 12,874,773 shares following the transaction. On Mar 30, Director FOLEY WILLIAM P II sold 302,305 shares at $10.18 apiece. The transaction was valued at $3,077,465.
In the three months ended March 30, Alight Inc.’s quick ratio stood at 1.20, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.68, and the total debt-to-equity ratio was 0.69. On the profitability front, the trailing twelve-month gross margin is 32.90% percent. In the year ended March 30, operating margins totaled 4.00%. Based on annual data, ALIT earned $967.0 million in gross profit and brought in $2.92 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.10%. Return on equity (ROE) for the past 12 months was -1.60%.
In Alight Inc.’s quarter-end financial report for March 30, it reported total debt of $2.82 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ALIT’s revenue rose 100.0% to $2.05 billion during the quarter, while net income inched up to $714.0 million. While analysts expected Alight Inc. to report $0.1 quarterly earnings, the actual figure was $0.12 per share. During the quarter, the company generated $93.0 million in EBITDA. The liabilities of Alight Inc. were 6.24 billion at the end of its most recent quarter ended March 30, and its total debt was $3.08 billion. The value of shareholders’ equity is $557.02 million.
This quick technical analysis looks at Alight Inc.’s (ALIT) price momentum. With a historical volatility rate of 63.73%, the RSI 9-day stood at 35.70% on 22 June.
With respect to its five-day moving average, the current Alight Inc. price is up by +0.14% percent or $0.01. At present, ALIT shares trade -9.86% below its 20-day simple moving average and -23.63% percent below its 100-day simple moving average. However, the stock is currently trading approximately -18.71% below its SMA50 and -41.05% below its SMA200.
Stochastic coefficient K was 7.44% and Stochastic coefficient D was 6.16%, while ATR was 0.44. Given the Stochastic reading of 9.62% for the 14-day period, the RSI (14) reading has been calculated as 38.06%. As of today, the MACD Oscillator reading stands at -0.22, while the 14-day reading stands at -0.82.
Stephens launched its rating on Alight Inc. (NYSE: ALIT) to an Overweight in a note to investors on February 08, 2022. Alight Inc. (ALIT) has been rated Buy by analysts. According to 0 brokerage firms, ALIT is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Alight Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $13.00, the current consensus forecast for the stock is $12.00 – $14.00. Based on these forecasts, analysts predict Alight Inc. (ALIT) will achieve an average price target of $13.00.