Alight Inc (NYSE:ALIT) traded at $6.98 at close of the session on Tuesday, January 28 and made a downward move of -0.29% on its previous day’s price.
Looking at the stock we see that its previous close was $7.00 and the beta (5Y monthly) reads 1.076 with the day’s price range being $6.965 – $7.12. In terms of its 52-week price range, ALIT has a high of $10.38 and a low of $6.15. The company’s stock has gained about 2.05% over that past 30 days.
Alight Inc has a market cap of $3.79 billion and is expected to release its quarterly earnings report in February. With its Forward Dividend at 0.04 and a yield of 0.57%, the company’s investors could be anxious for the ALIT stock to gain ahead of the earnings release.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 675.71M, with a low of 670.7M and a high of 681.95M. The median projection represents growth adding up to -29.61% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 2.34B, or -31.38% down from figures reported last year.
On the other hand, looking at the outlook for the ALIT stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of Hold.
Based on estimates by 4 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Alight Inc (ALIT) stock as a Hold, while 4 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 2.15% off its SMA20 and -3.60% from its 50-day simple moving average. The RSI (14) is pointing at 51.39 while the volatility over the past week is 1.95% and jumps to 2.47% over the past one month. The beta value is 0.95, while the average true range (ATR) is currently pointing at 0.18. The average price target for the stock over the next 12 months is $12, with the estimates having a low of $11 and a high of $29. These price ends are -57.59% and -315.47% off the current price level respectively, although investors could be excited at the prospect of a -71.92% if the ALIT share price touches on the median price of $12.
Coming back to Alight Inc (NYSE:ALIT), we note that the average 3-month trading volume was 5.77 million, while that of the preceding 10-day period stands at 4.29 million. Current shares outstanding are 532.44 million.
The insiders hold 15.14% of the company’s shares while institutions hold 96.57%. The data shows that short shares as of 2025-01-15, stood at 32.11 million at a short ratio of 6.09. This represents a 637.00 short interest in shares outstanding on 2025-01-15. Shares short fall in January from the previous month at 32.89 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 0.87% up in year-to-date price movement.
