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After finishing at $7.12 in the prior trading day, Alight Inc. (NYSE: ALIT) closed at $7.09, down -0.42%. In other words, the price has decreased by -$0.42 from its previous closing price. On the day, 1.45 million shares were traded. ALIT stock price reached its highest trading level at $7.225 during the session, while it also had its lowest trading level at $7.09.
Ratios:
Our goal is to gain a better understanding of ALIT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.56. For the most recent quarter (mrq), Quick Ratio is recorded 1.36 and its Current Ratio is at 1.36. In the meantime, Its Debt-to-Equity ratio is 0.65 whereas as Long-Term Debt/Eq ratio is at 0.57.
On December 06, 2023, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $12.Canaccord Genuity initiated its Buy rating on December 06, 2023, with a $12 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 05 ’24 when Katie Rooney bought 95,702 shares for $6.90 per share.
Rooney Katie J. sold 47,851 shares of ALIT for $340,455 on Jul 08 ’24. The Chief Operating Officer now owns 2,880,753 shares after completing the transaction at $7.11 per share. On Jul 09 ’24, another insider, Rooney Katie J., who serves as the Chief Operating Officer of the company, sold 47,851 shares for $6.98 each. As a result, the insider received 334,019 and left with 2,832,902 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 3966308864 and an Enterprise Value of 6539532288. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.32 while its Price-to-Book (P/B) ratio in mrq is 0.86. Its current Enterprise Value per Revenue stands at 1.946 whereas that against EBITDA is 14.597.
Stock Price History:
Over the past 52 weeks, ALIT has reached a high of $10.38, while it has fallen to a 52-week low of $6.15. The 50-Day Moving Average of the stock is -1.68%, while the 200-Day Moving Average is calculated to be -12.19%.
Shares Statistics:
The stock has traded on average 4.42M shares per day over the past 3-months and 2552830 shares per day over the last 10 days, according to various share statistics. A total of 510.89M shares are outstanding, with a floating share count of 437.84M. Insiders hold about 18.21% of the company’s shares, while institutions hold 92.23% stake in the company. Shares short for ALIT as of 1727654400 were 40137443 with a Short Ratio of 9.09, compared to 1724976000 on 37852144. Therefore, it implies a Short% of Shares Outstanding of 40137443 and a Short% of Float of 7.920000000000001.
