Quarterly Snapshot: Quick and Current Ratios for Alight Inc. (ALIT)

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The closing price of Alight Inc. (NYSE: ALIT) was $7.44 for the day, down -3.00% from the previous closing price of $7.67. In other words, the price has decreased by -$3.00 from its previous closing price. On the day, 9.17 million shares were traded. ALIT stock price reached its highest trading level at $7.84 during the session, while it also had its lowest trading level at $7.38.

Ratios:

Our analysis of ALIT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.09 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.57. 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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 4273803520 and an Enterprise Value of 6786589696. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.30 while its Price-to-Book (P/B) ratio in mrq is 0.91. Its current Enterprise Value per Revenue stands at 2.006 whereas that against EBITDA is 14.348.

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 -18.89%, while the 200-Day Moving Average is calculated to be -10.14%.

Shares Statistics:

ALIT traded an average of 6.09M shares per day over the past three months and 9563620 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 83.12% stake in the company. Shares short for ALIT as of 1714435200 were 19722857 with a Short Ratio of 3.24, compared to 1711584000 on 20772241. Therefore, it implies a Short% of Shares Outstanding of 19722857 and a Short% of Float of 3.7699999999999996.

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