Alight Inc (NYSE:ALIT) has a beta value of 1.04 and has seen 0.49 million shares traded in the recent trading session. The company, currently valued at $2.63B, closed the recent trade at $4.84 per share which meant it gained $0.03 on the day or 0.52% during that session. The ALIT stock price is -95.25% off its 52-week high price of $9.45 and 7.23% above the 52-week low of $4.49. If we look at the company’s 10-day average daily trading volume, we find that it stood at 13.52 million shares traded. The 3-month trading volume is 8.55 million shares.
The consensus among analysts is that Alight Inc (ALIT) is Buy stock at the moment, with a recommendation rating of 1.25. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.1.
Alight Inc (NYSE:ALIT) trade information
Sporting 0.52% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ALIT stock price touched $4.84 or saw a rise of 6.56%. Year-to-date, Alight Inc shares have moved -30.13%, while the 5-day performance has seen it change -5.19%. Over the past 30 days, the shares of Alight Inc (NYSE:ALIT) have changed -20.21%. Short interest in the company has seen 30.33 million shares shorted with days to cover at 3.51.
Wall Street analysts have a consensus price target for the stock at $12, which means that the shares’ value could jump 59.67% from the levels at last check today.. The projected low price target is $11.0 while the price target rests at a high of $29.0. In that case, then, we find that the latest price level in today’s session is -499.17% off the targeted high while a plunge would see the stock gain -127.27% from the levels at last check today..
Alight Inc (ALIT) estimates and forecasts
The company’s shares have lost -34.31% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 0.79%.
8 analysts offering their estimates for the company have set an average revenue estimate of 541.92M for the current quarter. 7 have an estimated revenue figure of 529.74M for the next ending quarter. Year-ago sales stood 816M and 787M respectively for this quarter and the next, and analysts expect sales will shrink by -33.59% for the current quarter and 0.79% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 23.41% over the past 5 years. Earnings growth for 2025 is a modest 3.04% while over the next 5 years, the company’s earnings are expected to increase by 6.67%.
ALIT Dividends
Alight Inc is expected to release its next earnings report on 2025-Feb-19 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.08 at a share yield of 1.65%. The company’s dividend yield has gone up over the past 12 months.
Alight Inc (NYSE:ALIT)’s Major holders
Insiders own 4.86% of the company shares, while shares held by institutions stand at 107.94% with a share float percentage of 113.44%. Investors are also buoyed by the number of investors in a company, with Alight Inc having a total of 339.0 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 $387.28 million. As of 2024-06-30, CANNAE HOLDINGS, INC. held 9.6081% of shares outstanding.
The other major institutional holder is STARBOARD VALUE LP, with the holding of over 43.4 million shares as of 2024-06-30. The firm’s total holdings are worth over $320.26 million and represent 7.9453% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD EXPLORER FUND . As of Dec 31, 2024 , the former fund manager holds about 2.33% shares in the company for having 12.43 shares of worth $59.73 million while later fund manager owns 11.28 shares of worth $54.19 million as of Jan 31, 2025 , which makes it owner of about 2.12% of company’s outstanding stock.
