The stock of Alight Inc. (NYSE:ALIT) last traded at $10.08, up 14.03% from the previous session.
ALIT stock price is now 12.28% away from the 50-day moving average and 21.65% away from the 200-day moving average. The market capitalization of the company currently stands at $5.52B.
On December 06, 2023, Canaccord Genuity recently initiated its ‘Buy’ rating on the stock quoting a target price of $12, while ‘UBS’ rates the stock as ‘Buy’
In other news, Rooney Katie J., insider sold 5,454 shares of the company’s stock on Mar 07 ’24. The stock was sold for $49,588 at an average price of $9.09. Upon completion of the transaction, the insider now directly owns 2,958,240 shares in the company, valued at $29.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 06 ’24, Rooney Katie J. sold 26,164 shares of the business’s stock. A total of $234,225 was realized by selling the stock at an average price of $8.95. This leaves the insider owning 2,963,694 shares of the company worth $29.87 million. A total of 24.95% of the company’s stock is owned by insiders.
During the past 12 months, Alight Inc. has had a low of $6.33 and a high of $10.10. As of last week, the company has a debt-to-equity ratio of 0.65, a current ratio of 1.25, and a quick ratio of 1.25. The fifty day moving average price for ALIT is $9.00 and a two-hundred day moving average price translates $8.29 for the stock.
The latest earnings results from Alight Inc. (NYSE: ALIT) was released for Dec, 2023. According to the Software – Application Company, earnings per share came in at $0.3, beating analysts’ expectations of $0.26 by 0.04. This compares to -$0.13 EPS in the same period last year. The net profit margin was -7.80% and return on equity was -5.98% for ALIT. The company reported revenue of $960.0 million for the quarter, compared to $942.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.91 percent. For the current quarter, analysts expect ALIT to generate $851.61M in revenue.
