The price of Alight Inc (NYSE:ALIT) shares last traded on Wall Street rose 3.65% to $6.54.
ALIT stock price is now -3.57% away from the 50-day moving average and -9.33% away from the 200-day moving average. The market capitalization of the company currently stands at $3.55B.
With the price target maintained at $8, JP Morgan recently Downgraded its rating from Overweight to Neutral for Alight Inc (NYSE: ALIT). , while ‘Canaccord Genuity’ rates the stock as ‘Buy’
In other news, SCHRIESHEIM ROBERT A, Director bought 22,092 shares of the company’s stock on Mar 03 ’25. The stock was bought for $150,000 at an average price of $6.79. Upon completion of the transaction, the Director now directly owns 22,092 shares in the company, valued at $0.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 03 ’24, Affiliate DNB Holdco, LLC bought 12,000,000 shares of the business’s stock. A total of $94,800,000 was incurred on buying the stock at an average price of $7.90. A total of 15.19% of the company’s stock is owned by insiders.
During the past 12 months, Alight Inc has had a low of $6.15 and a high of $10.38. As of last week, the company has a debt-to-equity ratio of 0.50, a current ratio of 1.39, and a quick ratio of 1.39.
The net profit margin was -6.13% and return on equity was -3.15% for ALIT. The company reported revenue of $680.0 million for the quarter, compared to $682.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.29 percent.
