On Monday, Alight Inc. (NYSE: ALIT) was 0.66% up from the session before settling in for the closing price of $9.12. A 52-week range for ALIT has been $6.33 – $10.38.
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Annual sales at Technology sector company grew by 7.73% over the past five years. When this article was written, the company’s average yearly earnings per share was at 4.38%. With a float of $422.61 million, this company’s outstanding shares have now reached $510.89 million.
Let’s look at the performance matrix of the company that is accounted for 18000 employees.
Alight Inc. (ALIT) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Alight Inc. stocks. The insider ownership of Alight Inc. is 22.85%, while institutional ownership is 78.36%. The most recent insider transaction that took place on Apr 09 ’24, was worth 223,889. In this transaction Chief Executive Officer of this company sold 23,484 shares at a rate of $9.53, taking the stock ownership to the 8,091,699 shares. Before that another transaction happened on Apr 08 ’24, when Company’s Chief Executive Officer sold 83,016 for $95.10, making the entire transaction worth $7,894,988. This insider now owns 8,115,183 shares in total.
Alight Inc. (ALIT) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 12/31/2023, it has been observed that the corporation posted $0.3 earnings per share (EPS) during the time that was better than consensus figure (set at $0.26) by $0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.14 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 4.38% per share during the next fiscal year.
Alight Inc. (NYSE: ALIT) Trading Performance Indicators
You can see what Alight Inc. (ALIT) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.25. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.47. Likewise, its price to free cash flow for the trailing twelve months is 22.25.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.54, a number that is poised to hit 0.13 in the next quarter and is forecasted to reach 0.85 in one year’s time.
Technical Analysis of Alight Inc. (ALIT)
Alight Inc. (NYSE: ALIT) saw its 5-day average volume 3.08 million, a negative change from its year-to-date volume of 6.7 million. As of the previous 9 days, the stock’s Stochastic %D was 25.77%. Additionally, its Average True Range was 0.23.
During the past 100 days, Alight Inc.’s (ALIT) raw stochastic average was set at 57.75%, which indicates a significant increase from 33.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.47% in the past 14 days, which was lower than the 33.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.30, while its 200-day Moving Average is $8.34. Nevertheless, the first resistance level for the watch stands at $9.27 in the near term. At $9.35, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.46. If the price goes on to break the first support level at $9.08, it is likely to go to the next support level at $8.97. The third support level lies at $8.89 if the price breaches the second support level.
Alight Inc. (NYSE: ALIT) Key Stats
There are 562,982K outstanding shares of the company, which has a market capitalization of 5.03 billion. As of now, sales total 3,410 M while income totals -345,000 K. Its latest quarter income was 960,000 K while its last quarter net income were -162,000 K.
