As of Friday close, Alight Inc.’s (NYSE:ALIT) stock was down -$0.08, moving down -0.92 percent to $8.66. The average number of shares traded per day over the past five days has been 4,648,840 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.20 fall in that time frame. In the last twenty days, the average volume was 6,147,245, while in the previous 50 days, it was 3,671,034.
Since last month, ALIT stock retreated -9.98%. Shares of the company fell to $8.50 on 03/16/23, the lowest level in the past month. A 52-week high of $10.61 was reached on 02/22/23 after having rallying from a 52-week low of $6.31. Since the beginning of this year, ALIT’s stock price has risen by 3.59% or $0.30, and marked a new high 16 times. However, the stock has declined by -18.38% since its 52-week high.
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ALIT stock investors should be aware that Alight Inc. (ALIT) stock had its last reported insider trading activity 12 days ago on Mar 06. Blackstone Holdings I/II GP L., the 10% Owner of the company, disposed of 28,562,652 shares for $8.71 on Mar 06. It resulted in a $248,780,699 divestment by the insider. Blackstone Management Associat sold 28,562,652 shares at an average price of $8.71 on Mar 06. The insider now owns 57,028 shares following the transaction. On Mar 06, 10% Owner BX Tempo ML Holdco 1 L.P. sold 28,562,652 shares at $8.71 apiece. The transaction was valued at $248,780,699.
Financial Health
In the three months ended December 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 December 30 was 0.63, and the total debt-to-equity ratio was 0.65. On the profitability front, the trailing twelve-month gross margin is 31.80% percent. In the year ended December 30, operating margins totaled -0.40%. Based on annual data, ALIT earned $996.0 million in gross profit and brought in $3.13 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 -0.60%. Return on equity (ROE) for the past 12 months was -1.50%.
In Alight Inc.’s quarter-end financial report for December 30, it reported total debt of $2.79 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ALIT’s revenue fell -121.41% to $735.0 million during the quarter, while net income inched up to $925.0 million. While analysts expected Alight Inc. to report $0.2 quarterly earnings, the actual figure was $0.2 per share. During the quarter, the company generated $162.0 million in EBITDA. The liabilities of Alight Inc. were 6.15 billion at the end of its most recent quarter ended December 30, and its total debt was $3.01 billion. The value of shareholders’ equity is $557.27 million.
Technical Picture
This quick technical analysis looks at Alight Inc.’s (ALIT) price momentum. With a historical volatility rate of 39.36%, the RSI 9-day stood at 34.12% on 17 March.
With respect to its five-day moving average, the current Alight Inc. price is down by -2.26% percent or -$0.20. At present, ALIT shares trade -8.94% below its 20-day simple moving average and +11.45% percent above its 100-day simple moving average. However, the stock is currently trading approximately +0.81% above its SMA50 and +6.13% above its SMA200.
Stochastic coefficient K was 12.74% and Stochastic coefficient D was 15.84%, while ATR was 0.36. Given the Stochastic reading of 10.00% for the 14-day period, the RSI (14) reading has been calculated as 38.72%. As of today, the MACD Oscillator reading stands at -0.29, while the 14-day reading stands at -0.52.