As of Wednesday close, Alight Inc.’s (NYSE:ALIT) stock traded at $7.55. The average number of shares traded per day over the past five days has been 2,726,000 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.01 fall in that time frame. In the last twenty days, the average volume was 2,833,690, while in the previous 50 days, it was 2,846,968.
Since last month, ALIT stock retreated -1.31%. Shares of the company fell to $7.19 on 09/08/23, the lowest level in the past month. A 52-week high of $10.19 was reached on 02/22/23 after having rallying from a 52-week low of $7.01. Since the beginning of this year, ALIT’s stock price has dropped by -9.69% or -$0.81, and marked a new high 16 times. However, the stock has declined by -25.87% since its 52-week high.
ALIT stock investors should be aware that Alight Inc. (ALIT) stock had its last reported insider trading activity 30 days ago on Aug 22. Blackstone Holdings I/II GP L., the 10% Owner of the company, disposed of 14,704,603 shares for $7.98 on Aug 22. It resulted in a $117,342,732 divestment by the insider. Blackstone Management Associat sold 14,704,603 shares at an average price of $7.98 on Aug 22. The insider now owns 43,602 shares following the transaction. On Aug 22, 10% Owner BX Tempo ML Holdco 1 L.P. sold 14,704,603 shares at $7.98 apiece. The transaction was valued at $117,342,732.
Valuation Metrics
The stock’s beta is 0.79. Besides these, the trailing price-to-sales (P/S) ratio of 1.26, the price-to-book (PB) ratio of 0.82, and the price-to-cash flow ratio of 24.39 may also be considered.
Financial Health
In the three months ended June 29, 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 June 29 was 0.62, and the total debt-to-equity ratio was 0.63. On the profitability front, the trailing twelve-month gross margin is 32.10% percent. In the year ended June 29, EBITDA margin amounted to 12.96%, whereas operating margins totaled -0.70%. 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 -5.30%.
In Alight Inc.’s quarter-end financial report for June 29, it reported total debt of $2.78 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 10.57% to $812.0 million during the quarter, while net income inched up to $785.0 million. While analysts expected Alight Inc. to report $0.12 quarterly earnings, the actual figure was $0.14 per share, beating the consensus estimate by 16.70%. During the quarter, the company generated $85.0 million in EBITDA. The liabilities of Alight Inc. were 5.82 billion at the end of its most recent quarter ended June 29, and its total debt was $2.97 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 20.78%, the RSI 9-day stood at 43.78% on 20 September.
With respect to its five-day moving average, the current Alight Inc. price is down by -0.13% percent or -$0.01. At present, ALIT shares trade -0.66% below its 20-day simple moving average and -18.02% percent below its 100-day simple moving average. However, the stock is currently trading approximately -22.16% below its SMA50 and -12.62% below its SMA200.
Stochastic coefficient K was 49.50% and Stochastic coefficient D was 49.28%, while ATR was 0.15. Given the Stochastic reading of 52.17% for the 14-day period, the RSI (14) reading has been calculated as 38.63%. As of today, the MACD Oscillator reading stands at 0.04, while the 14-day reading stands at 0.04.
Analyst Ratings
Citigroup launched its rating on Alight Inc. (NYSE: ALIT) to a Buy in a note to investors on June 13, 2023. 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 7 recommending it as overweight.
With a median target price of $12.00, 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 $12.57.
