Alight Inc. (NYSE:ALIT)’s traded shares stood at 4.94 million during the last session, with the company’s beta value hitting 0.91. At the close of trading, the stock’s price was $9.79, to imply a decrease of -0.10% or -$0.01 in intraday trading. The ALIT share’s 52-week high remains $10.38, putting it -6.03% down since that peak but still an impressive 35.34% since price per share fell to its 52-week low of $6.33. The company has a valuation of $5.36B, with an average of 7.36 million shares in intraday trading volume over the past 10 days and average of 7.41 million shares over the past 3 months.
Alight Inc. (NYSE:ALIT) trade information
After registering a -0.10% downside in the last session, Alight Inc. (ALIT) has traded red over the past five days. The stock hit a weekly high of 10.38, dropping -0.10% in its intraday price action. The 5-day price performance for the stock is -2.88%, and 5.84% over 30 days. With these gigs, the year-to-date price performance is 14.77%. Short interest in Alight Inc. (NYSE:ALIT) saw shorts transact 21.5 million shares and set a 2.59 days time to cover.
Alight Inc. (ALIT) estimates and forecasts
Looking at statistics comparing Alight Inc. share performance against respective industry, we note that the company has underperformed competitors. Alight Inc. (ALIT) shares are 34.66% up over the last 6 months, with its year-to-date growth rate lower than industry average at 4.23% against 19.10%. The rating firms project that company’s revenue will grow 5.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 9 analysts is $848 million. Meanwhile, for the quarter ending Jun 2024, a total of 9 analyst(s) estimate revenue growth to $842.78 million.Earnings reports from the last fiscal year show that sales brought in $831 million and $800.78 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 2.00% before jumping 5.20% in the following quarter.
ALIT Dividends
Alight Inc. has its next earnings report out between May 07 and May 13. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Alight Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Alight Inc. (NYSE:ALIT)’s Major holders
Alight Inc. insiders hold 4.54% of total outstanding shares, with institutional holders owning 93.87% of the shares at 98.33% float percentage. In total, 93.87% institutions holds shares in the company, led by Cannae Holdings, Inc.. As of Jun 29, 2023, the company held over 52.48 million shares (or 10.56% of shares), all amounting to roughly $484.89 million.
The next major institution holding the largest number of shares is Vanguard Group Inc with 33.86 million shares, or about 6.81% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $312.86 million.
We also have Janus Henderson Triton Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Alight Inc. (ALIT) shares. Going by data provided on Jun 29, 2023, Janus Henderson Triton Fund holds roughly 12.54 million shares. This is just over 2.52% of the total shares, with a market valuation of $115.9 million. Data from the same date shows that the other fund manager holds a little less at 10.6 million, or 2.13% of the shares, all valued at about 97.97 million.
