Alight Inc (NYSE:ALIT) price on Thursday, February 06, remained unchanged to $6.62.
A look at the stock’s price movement, the close in the last trading session was $6.62, moving within a range at $6.435 and $6.69. The beta value (5-Year monthly) was 1.076. Turning to its 52-week performance, $10.38 and $6.15 were the 52-week high and 52-week low respectively. Overall, ALIT moved -3.64% over the past month.
Alight Inc’s market cap currently stands at around $3.59 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.04, with its dividend yield at 0.60%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 675.71M for the company’s revenue for the quarter, with a low and high estimate of 670.7M and 681.95M respectively. The average forecast suggests down to a -29.61% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.34B, representing a -31.38% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ALIT is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 4 recommend ALIT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ALIT’s current price about -2.65% and -6.52% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.50, while 7-day volatility ratio is 2.89% and 2.59% in the 30-day chart. Further, Alight Inc (ALIT) has a beta value of 0.95, and an average true range (ATR) of 0.19. Analysts have given the company’s stock an average 52-week price target of $12, forecast between a low of $11 and high of $29. Looking at the price targets, the low is -66.16% off current price level while to achieve the yearly target high, price needs to move -338.07%. Nonetheless, investors will most likely welcome a -81.27% jump to $12 which is the analysts’ median price.
If we refocus on Alight Inc (NYSE:ALIT), historical trading data shows that trading volumes averaged 5.58 over the past 10 days and 6.07 million over the past 3 months. The company’s latest data on shares outstanding shows there are 532.44 million shares.
The 15.15% of Alight Inc’s shares are in the hands of company insiders while institutional holders own 97.35% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 32.11 million on 2025-01-15, giving us a short ratio of 6.09. The data shows that as of 2025-01-15 short interest in Alight Inc (ALIT) stood at 637.0000000000001 of shares outstanding, with shares short falling to 32.89 million registered in 2024-12-13. Current price change has pushed the stock -4.34% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ALIT stock continues to rise going into the next quarter.
