Alight Inc. (NYSE:ALIT) has a beta value of 0.91 and has seen 12.72 million shares traded in the last trading session. The company, currently valued at $4.84B, closed the last trade at $8.84 per share which meant it gained $0.19 on the day or 2.20% during that session. The ALIT stock price is -14.25% off its 52-week high price of $10.10 and 28.39% above the 52-week low of $6.33. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.81 million shares traded. The 3-month trading volume is 7.00 million shares.
Alight Inc. (NYSE:ALIT) trade information
Sporting 2.20% in the green in last session, the stock has traded in the red over the last five days, when the ALIT stock price touched $8.84 or saw a rise of 2.86%. Year-to-date, Alight Inc. shares have moved 3.63%, while the 5-day performance has seen it change -1.78%. Over the past 30 days, the shares of Alight Inc. (NYSE:ALIT) have changed -7.63%. Short interest in the company has seen 21.5 million shares shorted with days to cover at 2.59.
Alight Inc. (ALIT) estimates and forecasts
Figures show that Alight Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 17.40% over the past 6 months, with this year growth rate of 4.23%, compared to 21.30% for the industry. Revenue growth from the last financial year stood is estimated to be 4.90%.
9 analysts offering their estimates for the company have set an average revenue estimate of $851.61 million for the current quarter. 9 have an estimated revenue figure of $842.62 million for the next quarter concluding in Jun 2024. Year-ago sales stood $831 million and $800.78 million respectively for this quarter and the next, and analysts expect sales will grow by 2.50% for the current quarter and 5.20% for the next.
Earnings growth for 2024 is a modest 4.60% while over the next 5 years, the company’s earnings are expected to increase by 13.00%.
ALIT Dividends
Alight Inc. is expected to release its next earnings report between May 07 and May 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Alight Inc. (NYSE:ALIT)’s Major holders
Insiders own 4.49% of the company shares, while shares held by institutions stand at 92.23% with a share float percentage of 96.57%. Investors are also buoyed by the number of investors in a company, with Alight Inc. having a total of 300 institutions that hold shares in the company. The top two institutional holders are Cannae Holdings, Inc. with over 52.48 million shares worth more than $484.89 million. As of Jun 29, 2023, Cannae Holdings, Inc. held 10.56% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 33.86 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $312.86 million and represent 6.81% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Janus Henderson Triton Fund and Vanguard Total Stock Market Index Fund. As of Jun 29, 2023, the former fund manager holds about 2.52% shares in the company for having 12.54 million shares of worth $115.9 million while later fund manager owns 10.6 million shares of worth $97.97 million as of Jun 29, 2023, which makes it owner of about 2.13% of company’s outstanding stock.
