Alight Inc [NYSE: ALIT] stock went on an upward path that rose over 2.30% on Tuesday, amounting to a one-week price increase of more than 5.27%.
Over the last 12 months, ALIT stock dropped by -16.33%. The one-year Alight Inc stock forecast points to a potential downside of -97106009.32. The average equity rating for ALIT stock is currently 1.33, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $3.12 billion, with 531.87 million shares outstanding and 461.03 million shares in the current float. Compared to the average trading volume of 9.06M shares, ALIT stock reached a trading volume of 12876691 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $9.33 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 1.33. 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.
JP Morgan have made an estimate for Alight Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 20, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on January 05, 2024, representing the official price target for Alight Inc stock. Previously, the target price had yet another raise to $12, while Canaccord Genuity analysts kept a Buy rating on ALIT stock.
The Price to Book ratio for the last quarter was 0.73, with the Price to Cash per share for the same quarter was set at 0.84. Price to Free Cash Flow for ALIT in the course of the last twelve months was 28.08 with Quick ratio for the last quarter at 1.15.
ALIT Stock Performance Analysis:
Alight Inc [ALIT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.27. With this latest performance, ALIT shares gained by 6.04% in over the last four-week period, additionally sinking by -16.33% over the last 6 months – not to mention a drop of -16.33% in the past year of trading.
Insight into Alight Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Alight Inc [ALIT] shares currently have an operating margin of 2.67% and a Gross Margin at 20.90%. Alight Inc’s Net Margin is presently recorded at -1.98%.
Return on Equity for this stock declined to -0.39%, with Return on Assets sitting at -0.39%.
ALIT Stock EPS
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 6.97%.
Alight Inc [ALIT] Institutonal Ownership Details
There are presently around $107.38%, or 111.46%% of ALIT stock, in the hands of institutional investors. The top three institutional holders of ALIT stocks are: CANNAE HOLDINGS, INC. with ownership of 52.48 million shares, which is approximately 9.6081%. STARBOARD VALUE LP, holding 43.4 million shares of the stock with an approximate value of $$320.26 million in ALIT stocks shares; and STARBOARD VALUE LP, currently with $$302.88 million in ALIT stock with ownership which is approximately 7.5143%.
