Alight Inc. (NYSE:ALIT) saw a downside of -1.08% to close Tuesday at $9.16 after subtracting -$0.1 on the day. The 5-day average trading volume is 3,798,860 shares of the company’s common stock. It has gained $9.30 in the past week and touched a new high 3 times within the past 5 days. An average of 1,945,505 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,558,338.
ALIT’s 1-month performance is 9.44% or $0.95 on its low of $8.00 reached on 12/28/22. The company’s shares have touched a 52-week low of $6.31 and high of $11.10, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, ALIT has achieved 9.57% or $0.80 and has reached a new high 11 times. However, the current price is down -17.48% from the 52-week high price.
ALIT stock investors last saw insider trading activity on Dec 15.Blackstone Holdings I/II GP L. (10% Owner) most recently sold 6,341,568 shares at $8.00 per share on Dec 14. This transaction cost the insider $50,732,544. 10% Owner, BX Tempo ML Holdco 1 L.P., sold 6,341,568 shares at a price of $8.00 on Dec 14. Then, on Dec 14, 10% Owner Blackstone Management Associat sold 6,341,568 shares at a price of $8.00 per share. This transaction amounted to $50,732,544.
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.38 while the price-to-book (PB) in the most recent quarter is 0.96, with the price to cash flow ratio at 35.67.
Alight Inc.’s quick ratio for the period ended September 29 was 1.20, with the current ratio over the same period at 1.20. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.65, while the total debt to equity was 0.66.. In terms of profitability, the gross margin trailing 12 months is 31.00%. The firm’s gross profit as reported stood at $967.0 million against revenue of $2.92 billion.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -189.19% to -$37.0 million, while revenue of $51.0 million was 237.84% off the previous quarter. Analysts expected ALIT to announce $0.06 per share in earnings in its latest quarter, but it posted $0.12, representing a 100.00% surprise. EBITDA for the quarter stood at more than $49.0 million. ALIT stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 5.78 billion, with total debt at $3.02 billion. Shareholders hold equity totaling $555.74 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 24 January was 66.84% to suggest the stock is trending Neutral, with historical volatility in this time period at 20.90%.
The stock’s 5-day moving average is $9.03, reflecting a +1.66% or $0.15 change from its current price. ALIT is currently trading +11.98% above its 20-day SMA, +15.95% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -1.40% and SMA200 by+3.74%.
Stochastic %K and %D was 90.64% and 84.25% and the average true range (ATR) pointed at 0.32. The RSI (14) points at 62.54%, while the 14-day stochastic is at 86.92% with the period’s ATR at 0.32. The stock’s 9-day MACD Oscillator is pointing at 0.16 and 0.27 on the 14-day charts.
In the most recent analyst report for Alight Inc. (NYSE: ALIT), Wedbush 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 7 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 $11.00 and a high of $15.00, with their median price target at $13.00. Looking at these predictions, the average price target given by analysts is for Alight Inc. (ALIT) stock is $12.71.