Alight Inc. (NYSE: ALIT) on Monday, plunged -3.52% from the previous trading day, before settling in for the closing price of $7.38. Within the past 52 weeks, ALIT’s price has moved between $6.33 and $10.38.
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Annual sales at Technology sector company grew by 7.73% over the past five years. The company achieved an average annual earnings per share of 1.75%. With a float of $445.20 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
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Alight Inc. is 17.71%, while institutional ownership is 85.90%. 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
As on 3/31/2024, Multinational firm has announced its last quarter scores, in which it reported 0.14 earnings per share (EPS) for the period topping the consensus outlook (set at 0.12) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.17 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 1.75% per share during the next fiscal year.
Alight Inc. (NYSE: ALIT) Trading Performance Indicators
Alight Inc. (ALIT) is currently performing well based on its current performance indicators. A quick ratio of 1.56 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.23. Likewise, its price to free cash flow for the trailing twelve months is 14.65.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.61, a number that is poised to hit 0.11 in the next quarter and is forecasted to reach 0.83 in one year’s time.
Technical Analysis of Alight Inc. (ALIT)
Alight Inc. (NYSE: ALIT) saw its 5-day average volume 6.92 million, a positive change from its year-to-date volume of 6.49 million. As of the previous 9 days, the stock’s Stochastic %D was 20.86%. Additionally, its Average True Range was 0.23.
During the past 100 days, Alight Inc.’s (ALIT) raw stochastic average was set at 0.31%, which indicates a significant decrease from 1.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.71% in the past 14 days, which was lower than the 44.21% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.02, while its 200-day Moving Average is $8.19. Nevertheless, the first resistance level for the watch stands at $7.33 in the near term. At $7.54, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.65. If the price goes on to break the first support level at $7.01, it is likely to go to the next support level at $6.90. The third support level lies at $6.69 if the price breaches the second support level.
Alight Inc. (NYSE: ALIT) Key Stats
Market capitalization of the company is 3.85 billion based on 561,490K outstanding shares. Right now, sales total 3,410 M and income totals -345,000 K. The company made 559,000 K in profit during its latest quarter, and -114,000 K in sales during its previous quarter.
