Alight Inc. [ALIT] Revenue clocked in at $2.92 billion, down -26.73% YTD: What’s Next?

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Alight Inc. [NYSE: ALIT] closed the trading session at $7.92 on 05/09/22. The day’s price range saw the stock hit a low of $7.525, while the highest price level was $8.03. The company report on May 9, 2022 that Alight Reports First Quarter 2022 Results.

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– Achieved 5.2% Total Revenue Growth and 6.1% Employer Solutions Revenue Growth –.

– Delivered Strong BPaaS Revenue Growth of 22.6% to $114 Million –.

The stocks have a year to date performance of -26.73 percent and weekly performance of -8.12 percent. The stock has been moved at -28.84 percent over the last six months. The stock has performed -9.17 percent around the most recent 30 days and changed -19.35 percent over the most recent 3-months.

If compared to the average trading volume of 2.68M shares, ALIT reached to a volume of 8580719 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Alight Inc. [ALIT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ALIT shares is $14.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ALIT stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Stephens have made an estimate for Alight Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on February 08, 2022. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Outperform. The new note on the price target was released on August 16, 2021, representing the official price target for Alight Inc. stock. Previously, the target price had yet another drop from $20 to $16, while DA Davidson kept a Buy rating on ALIT stock.

The Average True Range (ATR) for Alight Inc. is set at 0.45, with the Price to Sales ratio for ALIT stock in the period of the last 12 months amounting to 1.55. The Price to Book ratio for the last quarter was 0.85, with the Price to Cash per share for the same quarter was set at 0.65.

ALIT stock trade performance evaluation

Alight Inc. [ALIT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.12. With this latest performance, ALIT shares dropped by -9.17% in over the last four-week period, additionally sinking by -28.84% over the last 6 months – not to mention a drop of -21.04% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ALIT stock in for the last two-week period is set at 35.31, with the RSI for the last a single of trading hit 31.31, and the three-weeks RSI is set at 38.01 for Alight Inc. [ALIT]. The present Moving Average for the last 50 days of trading for this stock 9.23, while it was recorded at 8.35 for the last single week of trading, and 10.31 for the last 200 days.

Alight Inc. [ALIT]: An insightful look at the core fundamentals

Alight Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.

Earnings per share (EPS) analysis for Alight Inc. [ALIT] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ALIT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Alight Inc. go to -3.72%.

Alight Inc. [ALIT]: Insider Ownership positions

There are presently around $3,056 million, or 92.00% of ALIT stock, in the hands of institutional investors. The top three institutional holders of ALIT stocks are: BLACKSTONE INC. with ownership of 54,833,898, which is approximately 0% of the company’s market cap and around 3.10% of the total institutional ownership; CANNAE HOLDINGS, INC., holding 52,477,062 shares of the stock with an approximate value of $426.64 million in ALIT stocks shares; and NEW MOUNTAIN VANTAGE ADVISERS, L.L.C., currently with $246.56 million in ALIT stock with ownership of nearly 0% of the company’s market capitalization.

85 institutional holders increased their position in Alight Inc. [NYSE:ALIT] by around 46,721,666 shares. Additionally, 47 investors decreased positions by around 30,291,515 shares, while 18 investors held positions by with 298,892,074 shares. The mentioned changes placed institutional holdings at 375,905,255 shares, according to the latest SEC report filing. ALIT stock had 32 new institutional investments in for a total of 12,391,737 shares, while 26 institutional investors sold positions of 15,521,607 shares during the same period.