Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
As of close of business last night, Alight Inc.’s stock clocked out at $7.78, down -16.25% from its previous closing price of $9.29. In other words, the price has decreased by -$16.25 from its previous closing price. On the day, 27.23 million shares were traded. ALIT stock price reached its highest trading level at $8.6052 during the session, while it also had its lowest trading level at $7.47.
Ratios:
To gain a deeper understanding of ALIT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.28. For the most recent quarter (mrq), Quick Ratio is recorded 1.25 and its Current Ratio is at 1.57. In the meantime, Its Debt-to-Equity ratio is 0.62 whereas as Long-Term Debt/Eq ratio is at 0.61.
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:
Investing in insider trades can also provide an investor with insight into how management views future 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 4368237056 and an Enterprise Value of 7928506880. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.36 while its Price-to-Book (P/B) ratio in mrq is 0.95. Its current Enterprise Value per Revenue stands at 2.325 whereas that against EBITDA is 16.941.
Stock Price History:
The Beta on a monthly basis for ALIT is 0.94, which has changed by 0.08909726 over the last 52 weeks, in comparison to a change of 0.2537824 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 -15.97%, while the 200-Day Moving Average is calculated to be -6.39%.
Shares Statistics:
It appears that ALIT traded 5.42M shares on average per day over the past three months and 3589710 shares per day over the past ten days. A total of 510.89M shares are outstanding, with a floating share count of 424.62M. Insiders hold about 22.85% of the company’s shares, while institutions hold 80.44% stake in the company. Shares short for ALIT as of 1713139200 were 19730985 with a Short Ratio of 3.64, compared to 1710460800 on 20341312. Therefore, it implies a Short% of Shares Outstanding of 19730985 and a Short% of Float of 4.18.
Earnings Estimates
At present, 8.0 analysts are actively evaluating the performance of Alight Inc. (ALIT) in the stock market.On average, analysts expect EPS of $0.12 for the current quarter, with a high estimate of $0.14 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 $0.15 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 9.0 analysts recommending between $0.89 and $0.8.
Revenue Estimates
In the current quarter, 9 analysts expect revenue to total $831.93M. It ranges from a high estimate of $835M to a low estimate of $830.9M. As of the current estimate, Alight Inc.’s year-ago sales were $831MFor the next quarter, 9 analysts are estimating revenue of $841.96M. There is a high estimate of $854.6M for the next quarter, whereas the lowest estimate is $836.69M.
A total of 9 analysts have provided revenue estimates for ALIT’s current fiscal year. The highest revenue estimate was $3.58B, while the lowest revenue estimate was $3.56B, resulting in an average revenue estimate of $3.57B. In the same quarter a year ago, actual revenue was $3.41BBased on 9 analysts’ estimates, the company’s revenue will be $3.8B in the next fiscal year. The high estimate is $3.83B and the low estimate is $3.76B.
