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In the latest session, Alight Inc (NYSE: ALIT) closed at $7.75 down -0.39% from its previous closing price of $7.78. In other words, the price has decreased by -$0.39 from its previous closing price. On the day, 6.81 million shares were traded. ALIT stock price reached its highest trading level at $7.82 during the session, while it also had its lowest trading level at $7.61.
Ratios:
For a deeper understanding of Alight Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.85. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 15 ’24 when George Gregory A. sold 84,929 shares for $7.60 per share. The transaction valued at 645,104 led to the insider holds 223,327 shares of the business.
GREGORY ADRIAN GEORGE bought 84,929 shares of ALIT for $645,104 on Nov 15 ’24. On Nov 13 ’24, another insider, FOLEY WILLIAM P II, who serves as the Director of the company, sold 5,000,000 shares for $8.25 each. As a result, the insider received 41,267,079 and left with 883,323 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 4307837440 and an Enterprise Value of 5991924224. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.61 while its Price-to-Book (P/B) ratio in mrq is 0.95. Its current Enterprise Value per Revenue stands at 1.784 whereas that against EBITDA is 13.286.
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 5.99%, while the 200-Day Moving Average is calculated to be -2.47%.
Shares Statistics:
For the past three months, ALIT has traded an average of 4.81M shares per day and 9029830 over the past ten days. A total of 510.89M shares are outstanding, with a floating share count of 442.73M. Insiders hold about 17.30% of the company’s shares, while institutions hold 96.00% stake in the company. Shares short for ALIT as of 1730332800 were 36740356 with a Short Ratio of 7.63, compared to 1727654400 on 40137443. Therefore, it implies a Short% of Shares Outstanding of 36740356 and a Short% of Float of 7.249999999999999.
