In last trading session, Alight Inc. (NYSE:ALIT) saw 4.39 million shares changing hands with its beta currently measuring 0.93. Company’s recent per share price level of $9.93 trading at -$0.39 or -3.78% at ring of the bell on the day assigns it a market valuation of $5.44B. That closing price of ALIT’s stock is at a discount of -4.23% from its 52-week high price of $10.35 and is indicating a premium of 36.25% from its 52-week low price of $6.33. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.02 million shares which gives us an average trading volume of 7.44 million if we extend that period to 3-months.
Alight Inc. (NYSE:ALIT) trade information
Upright in the red during last session for losing -3.78%, in the last five days ALIT remained trading in the green while hitting it’s week-highest on Friday, 03/22/24 when the stock touched $9.93 price level, adding 4.34% to its value on the day. Alight Inc.’s shares saw a change of 16.41% in year-to-date performance and have moved 14.53% in past 5-day. Alight Inc. (NYSE:ALIT) showed a performance of 11.32% in past 30-days. Number of shares sold short was 21.5 million shares which calculate 2.59 days to cover the short interests.
Alight Inc. (ALIT) estimates and forecasts
Statistics highlight that Alight Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 32.58% of value to its shares in past 6 months, showing an annual growth rate of 4.23% while that of industry is 20.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 5.00% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $848 million for the same. And 9 analysts are in estimates of company making revenue of $842.78 million in the next quarter that will end on Jun 2024. Company posted $831 million and $800.78 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 2.00% while estimating it to be 5.20% for the next quarter.
In 2024, company’s earnings growth rate is likely to be around 4.62% while estimates for its earnings growth in next 5 years are of 13.00%.
ALIT Dividends
Alight Inc. is more likely to be releasing its next quarterly report between May 07 and May 13 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Alight Inc. (NYSE:ALIT)’s Major holders
Insiders are in possession of 4.62% of company’s total shares while institution are holding 93.87 percent of that, with stock having share float percentage of 98.41%. Investors also watch the number of corporate investors in a company very closely, which is 93.87% institutions for Alight Inc. that are currently holding shares of the company. Cannae Holdings, Inc. is the top institutional holder at ALIT for having 52.48 million shares of worth $521.1 million. And as of Dec 30, 2023, it was holding 9.58% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 35.2 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 6.43% of outstanding shares, having a total worth of $349.53 million.
On the other hand, Janus Henderson Triton Fund and Vanguard Explorer Fund, Inc. are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 12.54 million shares of worth $124.55 million or 2.29% of the total outstanding shares. The later fund manager was in possession of 11.12 million shares on Oct 30, 2023, making its stake of worth around $110.42 million in the company or a holder of 2.03% of company’s stock.
