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The price of Alight Inc. (NYSE: ALIT) closed at $7.07 in the last session, down -0.42% from day before closing price of $7.10. In other words, the price has decreased by -$0.42 from its previous closing price. On the day, 2.46 million shares were traded. ALIT stock price reached its highest trading level at $7.25 during the session, while it also had its lowest trading level at $7.06.
Ratios:
We take a closer look at ALIT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.54. For the most recent quarter (mrq), Quick Ratio is recorded 1.56 and its Current Ratio is at 1.56. In the meantime, Its Debt-to-Equity ratio is 0.65 whereas as Long-Term Debt/Eq ratio is at 0.63.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 09 ’24 when Scholl Stephan sold 23,484 shares for $9.53 per share. The transaction valued at 223,889 led to the insider holds 8,091,699 shares of the business.
Scholl Stephan sold 83,016 shares of ALIT for $7,894,988 on Apr 08 ’24. The Chief Executive Officer now owns 8,115,183 shares after completing the transaction at $95.10 per share. On Apr 02 ’24, another insider, Rooney Katie J., who serves as the insider of the company, sold 2,777 shares for $9.48 each. As a result, the insider received 26,325 and left with 2,924,537 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 3995497472 and an Enterprise Value of 6582960640. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.22 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 13.917.
Stock Price History:
The Beta on a monthly basis for ALIT is 0.87, which has changed by -0.27113402 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. 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 -10.46%, while the 200-Day Moving Average is calculated to be -13.61%.
Shares Statistics:
According to the various share statistics, ALIT traded on average about 5.37M shares per day over the past 3-months and 4903200 shares per day over the past 10 days. A total of 510.89M shares are outstanding, with a floating share count of 445.14M. Insiders hold about 17.73% of the company’s shares, while institutions hold 85.90% stake in the company. Shares short for ALIT as of 1718323200 were 28599042 with a Short Ratio of 5.33, compared to 1715731200 on 20965070. Therefore, it implies a Short% of Shares Outstanding of 28599042 and a Short% of Float of 5.58.
