The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
Alight Inc (NYSE: ALIT) closed the day trading at $6.64 down -2.06% from the previous closing price of $6.78. In other words, the price has decreased by -$2.06 from its previous closing price. On the day, 5.54 million shares were traded. ALIT stock price reached its highest trading level at $6.71 during the session, while it also had its lowest trading level at $6.565.
Ratios:
For a better understanding of ALIT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.57. For the most recent quarter (mrq), Quick Ratio is recorded 1.27 and its Current Ratio is at 1.27. In the meantime, Its Debt-to-Equity ratio is 0.50 whereas as Long-Term Debt/Eq ratio is at 0.49.
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 Dec 03 ’24 when DNB Holdco, LLC bought 12,000,000 shares for $7.90 per share.
Goff Gregory R sold 250,000 shares of ALIT for $2,001,100 on Nov 27 ’24. The President now owns 852,694 shares after completing the transaction at $8.00 per share. On Nov 27 ’24, another insider, GREGORY ROBERT GOFF, who serves as the Officer of the company, bought 250,000 shares for $8.00 each.
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 3676607744 and an Enterprise Value of 5400842240. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.38 while its Price-to-Book (P/B) ratio in mrq is 0.82. Its current Enterprise Value per Revenue stands at 1.608 whereas that against EBITDA is 11.975.
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 -9.49%, while the 200-Day Moving Average is calculated to be -13.02%.
Shares Statistics:
Over the past 3-months, ALIT traded about 5.29M shares per day on average, while over the past 10 days, ALIT traded about 4602070 shares per day. A total of 532.44M shares are outstanding, with a floating share count of 452.10M. Insiders hold about 15.10% of the company’s shares, while institutions hold 96.77% stake in the company. Shares short for ALIT as of 1734048000 were 32889259 with a Short Ratio of 6.22, compared to 1731628800 on 33395355. Therefore, it implies a Short% of Shares Outstanding of 32889259 and a Short% of Float of 6.529999999999999.
