On Monday, Alight Inc. (NYSE: ALIT) opened lower -1.50% from the last session, before settling in for the closing price of $7.31. Price fluctuations for ALIT have ranged from $6.15 to $10.38 over the past 52 weeks.
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Annual sales at Technology sector company grew by 7.73% over the past five years. Company’s average yearly earnings per share was noted -28.52% at the time writing. With a float of $437.84 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. In terms of profitability, gross margin is 28.78%, operating margin of -0.21%, and the pretax margin is -9.79%.
Alight Inc. (ALIT) Insider Updates
A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Alight Inc. is 18.21%, while institutional ownership is 91.91%. The most recent insider transaction that took place on Aug 05 ’24, was worth 660,344. Before that another transaction happened on Jul 08 ’24, when Company’s Chief Operating Officer sold 47,851 for $7.11, making the entire transaction worth $340,455. This insider now owns 2,880,753 shares in total.
Alight Inc. (ALIT) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -28.52% per share during the next fiscal year.
Alight Inc. (NYSE: ALIT) Trading Performance Indicators
Check out the current performance indicators for Alight Inc. (ALIT). In the past quarter, the stock posted a quick ratio of 1.36. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.34. Likewise, its price to free cash flow for the trailing twelve months is 15.80.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.43, a number that is poised to hit 0.09 in the next quarter and is forecasted to reach 0.57 in one year’s time.
Technical Analysis of Alight Inc. (ALIT)
Alight Inc. (NYSE: ALIT) saw its 5-day average volume 3.03 million, a negative change from its year-to-date volume of 5.9 million. As of the previous 9 days, the stock’s Stochastic %D was 41.29%. Additionally, its Average True Range was 0.19.
During the past 100 days, Alight Inc.’s (ALIT) raw stochastic average was set at 44.97%, which indicates a significant increase from 26.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.61% in the past 14 days, which was lower than the 30.36% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.17, while its 200-day Moving Average is $8.15. Nevertheless, the first resistance level for the watch stands at $7.29 in the near term. At $7.39, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.44. If the price goes on to break the first support level at $7.14, it is likely to go to the next support level at $7.09. Assuming the price breaks the second support level, the third support level stands at $6.99.
Alight Inc. (NYSE: ALIT) Key Stats
There are currently 561,490K shares outstanding in the company with a market cap of 3.85 billion. Presently, the company’s annual sales total 3,410 M according to its annual income of -345,000 K. Last quarter, the company’s sales amounted to 538,000 K and its income totaled 23,000 K.
