In yesterday’s Wall Street session, Alight Inc. (NYSE:ALIT) shares traded at $9.85, up 0.61% from the previous session.
ALIT stock price is now 7.64% away from the 50-day moving average and 18.41% away from the 200-day moving average. The market capitalization of the company currently stands at $5.40B.
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, Scholl Stephan, Chief Executive Officer sold 428,574 shares of the company’s stock on Mar 20 ’24. The stock was sold for $4,203,368 at an average price of $9.81. Upon completion of the transaction, the Chief Executive Officer now directly owns 8,198,199 shares in the company, valued at $80.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 20 ’24, Chief Strategy Officer Tulsiani Dinesh V sold 2,498 shares of the business’s stock. A total of $24,980 was realized by selling the stock at an average price of $10.00. This leaves the insider owning 746,169 shares of the company worth $7.35 million. A total of 24.99% 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 $10.38. 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 $9.18 and a two-hundred day moving average price translates $8.32 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 $848M in revenue.
Alight Inc.(ALIT) Company Profile
Alight, Inc. provides cloud-based integrated digital human capital and business solutions worldwide. The company operates through two segments, Employer Solutions and Professional Services. The Employer Solutions segment offers employee wellbeing, integrated benefits administration, healthcare navigation, financial wellbeing, leave of absence management, retiree healthcare and payroll; and operates AI-led capabilities software. The Professional Services segment offers consulting offerings, such as cloud advisory, deployment, and optimization services for cloud platforms. The company provides Alight Worklife, an intuitive, cloud-based employee engagement platform. Its solutions enable employees to enrich their health, wealth, and wellbeing that helps organizations achieve a high-performance culture. Alight, Inc. was founded in 2020 and is based in Lincolnshire, Illinois.
