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.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
