The closing price of Alight Inc. (NYSE: ALIT) was $9.25 for the day, up 0.33% from the previous closing price of $9.22. In other words, the price has increased by $+0.03 from its previous closing price. On the day, 4898088 shares were traded.
Ratios:
Our analysis of ALIT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.51. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.27. In the meantime, Its Debt-to-Equity ratio is 0.62 whereas as Long-Term Debt/Eq ratio is at 0.61.
On December 06, 2023, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $12.
On November 07, 2023, UBS started tracking the stock assigning a Buy rating and target price of $10.UBS initiated its Buy rating on November 07, 2023, with a $10 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 06 when Rooney Katie J. sold 9,576 shares for $9.06 per share. The transaction valued at 86,778 led to the insider holds 2,989,858 shares of the business.
Rooney Katie J. sold 7,100 shares of ALIT for $63,932 on Feb 05. The insider now owns 2,999,434 shares after completing the transaction at $9.00 per share. On Oct 05, another insider, Massey Richard N, who serves as the Director of the company, bought 50,000 shares for $6.45 each. As a result, the insider paid 322,490 and bolstered with 1,370,169 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALIT now has a Market Capitalization of 4.67B and an Enterprise Value of 7.10B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.36 while its Price-to-Book (P/B) ratio in mrq is 1.13. Its current Enterprise Value per Revenue stands at 2.08 whereas that against EBITDA is 26.31.
Stock Price History:
Over the past 52 weeks, ALIT has reached a high of $10.10, while it has fallen to a 52-week low of $6.33. The 50-Day Moving Average of the stock is 8.78, while the 200-Day Moving Average is calculated to be 8.24.
Shares Statistics:
ALIT traded an average of 6.88M shares per day over the past three months and 10.84M shares per day over the past ten days. A total of 478.34M shares are outstanding, with a floating share count of 375.95M. Insiders hold about 24.99% of the company’s shares, while institutions hold 83.71% stake in the company. Shares short for ALIT as of Jan 31, 2024 were 19.53M with a Short Ratio of 2.84, compared to 18.41M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.95% and a Short% of Float of 4.62%.
Earnings Estimates
The firm’s stock currently is rated by 9 analysts. On average, analysts expect EPS of $0.14 for the current quarter, with a high estimate of $0.16 and a low estimate of $0.12, while EPS last year was $0.13. The consensus estimate for the next quarter is $0.14, with high estimates of $0.16 and low estimates of $0.12.
Analysts are recommending an EPS of between $0.76 and $0.74 for the fiscal current year, implying an average EPS of $0.74. EPS for the following year is $0.85, with 9 analysts recommending between $0.91 and $0.8.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 9 analysts. It ranges from a high estimate of $879M to a low estimate of $842M. As of the current estimate, Alight Inc.’s year-ago sales were $831M, an estimated increase of 3.10% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $841.28M, an increase of 5.10% over than the figure of $3.10% in the same quarter last year. There is a high estimate of $854.6M for the next quarter, whereas the lowest estimate is $826M.
A total of 9 analysts have provided revenue estimates for ALIT’s current fiscal year. The highest revenue estimate was $3.61B, while the lowest revenue estimate was $3.55B, resulting in an average revenue estimate of $3.58B. In the same quarter a year ago, actual revenue was $3.41B, up 4.90% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $3.8B in the next fiscal year. The high estimate is $3.86B and the low estimate is $3.75B. The average revenue growth estimate for next year is up 6.30% from the average revenue estimate for this year.
