Alight Inc [NYSE: ALIT] price plunged by -18.32 percent to reach at -$0.94.
A sum of 31737313 shares traded at recent session while its average daily volume was at 7.02M shares. Alight Inc shares reached a high of $5.05 and dropped to a low of $4.085 until finishing in the latest session at $4.19.
The one-year ALIT stock forecast points to a potential upside of 51.67. The average equity rating for ALIT stock is currently 1.33, trading closer to a bullish pattern in the stock market.
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 $8.67 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 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 0.53, 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 20.32 with Quick ratio for the last quarter at 1.15.
ALIT Stock Performance Analysis:
Alight Inc [ALIT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -24.37. With this latest performance, ALIT shares dropped by -29.34% in over the last four-week period, additionally sinking by -36.52% over the last 6 months – not to mention a drop of -39.45% 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 19.27, with the RSI for the last a single of trading hit 0.26, and the three-weeks RSI is set at 0.21 for Alight Inc [ALIT]. The present Moving Average for the last 50 days of trading for this stock 5.50, while it was recorded at 5.03 for the last single week of trading, and 6.28 for the last 200 days.
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%.
Alight Inc (ALIT) Capital Structure & Debt Analysis
According to recent financial data for Alight Inc. ( ALIT), the Return on Equity (ROE) stands at -0.82%, reflecting a slight decline for investors. The Return on Assets (ROA) is -0.39%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Alight Inc’s Return on Invested Capital (ROIC) is -0.73%, showcasing its effectiveness in deploying capital for earnings.
Alight Inc (ALIT) Efficiency & Liquidity Metrics
Based on Alight Inc’s (ALIT) latest financial statements, the Debt-to-Equity Ratio is 0.51%, indicating its reliance on debt financing relative to shareholder equity.
Alight Inc (ALIT) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Alight Inc. (ALIT) effectively leverages its workforce, generating an average of -$4842.11 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.15% and a Quick Ratio of 1.15%, indicating strong ability to cover short-term liabilities.
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 6.85%.
Alight Inc [ALIT] Institutonal Ownership Details
There are presently around $106.58%, or 110.70% 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%.
