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.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The closing price of Alight Inc. (NYSE: ALIT) was $7.35 for the day, up 2.51% from the previous closing price of $7.17. In other words, the price has increased by $2.51 from its previous closing price. On the day, 6.72 million shares were traded. ALIT stock price reached its highest trading level at $7.37 during the session, while it also had its lowest trading level at $7.14.
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 7.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.12. 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 Jul 09 ’24 when Rooney Katie J. sold 47,851 shares for $6.98 per share. The transaction valued at 334,019 led to the insider holds 2,832,902 shares of the business.
Rooney Katie J. sold 47,851 shares of ALIT for $340,455 on Jul 08 ’24. The Chief Operating Officer now owns 2,880,753 shares after completing the transaction at $7.11 per share. On Apr 09 ’24, another insider, Scholl Stephan, who serves as the Chief Executive Officer of the company, sold 23,484 shares for $9.53 each. As a result, the insider received 223,889 and left with 8,091,699 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 4153734912 and an Enterprise Value of 6637995520. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.27 while its Price-to-Book (P/B) ratio in mrq is 0.89. Its current Enterprise Value per Revenue stands at 1.962 whereas that against EBITDA is 14.034.
Stock Price History:
The Beta on a monthly basis for ALIT is 0.86, which has changed by -0.28656715 over the last 52 weeks, in comparison to a change of 0.23279357 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 -4.43%, while the 200-Day Moving Average is calculated to be -10.09%.
Shares Statistics:
ALIT traded an average of 5.48M shares per day over the past three months and 4790340 shares per day over the past ten days. A total of 510.89M shares are outstanding, with a floating share count of 443.11M. Insiders hold about 18.10% of the company’s shares, while institutions hold 85.88% stake in the company. Shares short for ALIT as of 1719532800 were 33623511 with a Short Ratio of 6.13, compared to 1717113600 on 28643933. Therefore, it implies a Short% of Shares Outstanding of 33623511 and a Short% of Float of 6.5600000000000005.
