Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
Alight Inc (NYSE: ALIT) closed the day trading at $7.50 up 0.27% from the previous closing price of $7.48. In other words, the price has increased by $0.27 from its previous closing price. On the day, 5.19 million shares were traded. ALIT stock price reached its highest trading level at $7.65 during the session, while it also had its lowest trading level at $7.46.
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 7.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.81. 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 4152794880 and an Enterprise Value of 5858797568. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.56 while its Price-to-Book (P/B) ratio in mrq is 0.92. Its current Enterprise Value per Revenue stands at 1.745 whereas that against EBITDA is 12.991.
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 0.70%, while the 200-Day Moving Average is calculated to be -4.54%.
Shares Statistics:
Over the past 3-months, ALIT traded about 5.03M shares per day on average, while over the past 10 days, ALIT traded about 5964710 shares per day. A total of 532.44M shares are outstanding, with a floating share count of 452.55M. Insiders hold about 15.02% of the company’s shares, while institutions hold 96.53% stake in the company. Shares short for ALIT as of 1731628800 were 33395355 with a Short Ratio of 6.64, compared to 1728950400 on 37824479. Therefore, it implies a Short% of Shares Outstanding of 33395355 and a Short% of Float of 6.6300004999999995.
