In the latest session, Alight Inc. (NYSE: ALIT) closed at $9.79 down -0.10% from its previous closing price of $9.80. In other words, the price has decreased by -$0.01 from its previous closing price. On the day, 4937546 shares were traded.
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Ratios:
For a deeper understanding of Alight Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.73. For the most recent quarter (mrq), Quick Ratio is recorded 1.25 and its Current Ratio is at 1.25. In the meantime, Its Debt-to-Equity ratio is 0.65 whereas as Long-Term Debt/Eq ratio is at 0.64.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 20 ’24 when Scholl Stephan sold 428,574 shares for $9.81 per share. The transaction valued at 4,203,368 led to the insider holds 8,198,199 shares of the business.
Tulsiani Dinesh V sold 2,498 shares of ALIT for $24,980 on Mar 20 ’24. The Chief Strategy Officer now owns 746,169 shares after completing the transaction at $10.00 per share. On Mar 07 ’24, another insider, Rooney Katie J., who serves as the insider of the company, sold 5,454 shares for $9.09 each. As a result, the insider received 49,588 and left with 2,958,240 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 5.33B and an Enterprise Value of 7.89B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.57 while its Price-to-Book (P/B) ratio in mrq is 1.12. Its current Enterprise Value per Revenue stands at 2.31 whereas that against EBITDA is 42.42.
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 $6.33. The 50-Day Moving Average of the stock is 9.15, while the 200-Day Moving Average is calculated to be 8.32.
Shares Statistics:
For the past three months, ALIT has traded an average of 7.41M shares per day and 7.36M over the past ten days. A total of 510.89M shares are outstanding, with a floating share count of 410.88M. Insiders hold about 24.99% of the company’s shares, while institutions hold 78.26% stake in the company. Shares short for ALIT as of Feb 29, 2024 were 21.5M with a Short Ratio of 2.74, compared to 19.53M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.93% and a Short% of Float of 4.52%.
Earnings Estimates
There are 9 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.13 for the current quarter, with a high estimate of $0.16 and a low estimate of $0.1, 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 $0.72 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 $0.89 and $0.8.
Revenue Estimates
A total of 9 analysts believe the company’s revenue will be $848M this quarter.It ranges from a high estimate of $860.89M to a low estimate of $830.9M. As of the current estimate, Alight Inc.’s year-ago sales were $831M, an estimated increase of 2.00% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $842.78M, an increase of 5.20% over than the figure of $2.00% in the same quarter last year. There is a high estimate of $854.6M for the next quarter, whereas the lowest estimate is $832.46M.
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 5.00% 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 $3.76B. The average revenue growth estimate for next year is up 6.30% from the average revenue estimate for this year.
