Alight Inc (NYSE: ALIT) kicked off on Monday, up 0.13% from the previous trading day, before settling in for the closing price of $8.00. Over the past 52 weeks, ALIT has traded in a range of $6.15-$10.38.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 7.73%. While this was happening, its average annual earnings per share was recorded -25.49%. With a float of $440.36 million, this company’s outstanding shares have now reached $532.44 million.
Considering the fact that the conglomerate employs 18000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 31.24%, operating margin of -3.1%, and the pretax margin is -12.21%.
Alight Inc (ALIT) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of Alight Inc is 17.30%, while institutional ownership is 96.51%. The most recent insider transaction that took place on Nov 27 ’24, was worth 2,001,100. In this transaction President of this company sold 250,000 shares at a rate of $8.00, taking the stock ownership to the 852,694 shares. Before that another transaction happened on Nov 27 ’24, when Company’s Officer proposed sale 250,000 for $8.00, making the entire transaction worth $2,001,100.
Alight Inc (ALIT) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.3 earnings per share (EPS), higher than consensus estimate (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 -25.49% per share during the next fiscal year.
Alight Inc (NYSE: ALIT) Trading Performance Indicators
Take a look at Alight Inc’s (ALIT) current performance indicators. Last quarter, stock had a quick ratio of 1.27. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.67. Likewise, its price to free cash flow for the trailing twelve months is 30.89.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.47, a number that is poised to hit 0.23 in the next quarter and is forecasted to reach 0.59 in one year’s time.
Technical Analysis of Alight Inc (ALIT)
Compared to the last year’s volume of 5.74 million, its volume of 3.85 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 70.00%. Additionally, its Average True Range was 0.25.
During the past 100 days, Alight Inc’s (ALIT) raw stochastic average was set at 67.03%, which indicates a significant increase from 35.34% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 61.58% in the past 14 days, which was higher than the 36.72% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.41, while its 200-day Moving Average is $7.90. Nevertheless, the first resistance level for the watch stands at $8.07 in the near term. At $8.13, the stock is likely to face the second major resistance level. The third major resistance level sits at $8.21. If the price goes on to break the first support level at $7.93, it is likely to go to the next support level at $7.85. Should the price break the second support level, the third support level stands at $7.79.
Alight Inc (NYSE: ALIT) Key Stats
The company with the Market Capitalisation of 4.36 billion has total of 543,024K Shares Outstanding. Its annual sales at the moment are 3,410 M in contrast with the sum of -345,000 K annual income. Company’s last quarter sales were recorded 555,000 K and last quarter income was -74,000 K.
