In the latest trading session,, 1.18 million Alight Inc (NYSE:ALIT) shares changed hands as the company’s beta touched 0.99. With the company’s most recent per share price at $5.12 changed hands at -$0.16 or -3.02% at last look, the market valuation stands at $2.78B. ALIT’s current price is a discount, trading about -84.57% off its 52-week high of $9.45. The share price had its 52-week low at $4.49, which suggests the last value was 12.3% up since then. When we look at Alight Inc’s average trading volume, we note the 10-day average is 9.83 million shares, with the 3-month average coming to 9.11 million.
Analysts gave the Alight Inc (ALIT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.25. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ALIT as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight.
Alight Inc (NYSE:ALIT) trade information
Instantly ALIT was in red as seen in intraday trades today. With action 1.19%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -26.01%, with the 5-day performance at 1.19% in the green. However, in the 30-day time frame, Alight Inc (NYSE:ALIT) is -13.65% down. Looking at the short shares, we see there were 25.91 million shares sold at short interest cover period of 2.43 days.
The consensus price target for the stock as assigned by Wall Street analysts is 12, meaning bulls need an upside of 57.33% from its recent market value. According to analyst projections, ALIT’s forecast low is 11 with 29 as the target high. To hit the forecast high, the stock’s price needs a -466.41% plunge from its current level, while the stock would need to soar -114.84% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 23.41%. The 2025 estimates are for Alight Inc earnings to increase by 3.04%, but the outlook for the next 5-year period is at 6.67% per year.
ALIT Dividends
Alight Inc is expected to release its next quarterly earnings report on 2025-Feb-19. The 1.56% annual yield figure for the share gives it an annual dividend of 0.08. It is important to note, however, that the 1.56% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Alight Inc (NYSE:ALIT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.86% of Alight Inc shares while 107.56% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 113.05%. There are 107.56% institutions holding the Alight Inc stock share, with CANNAE HOLDINGS, INC. the top institutional holder. As of 2024-06-30, the company held 9.6081% of the shares, roughly 52.48 million ALIT shares worth $387.28 million.
STARBOARD VALUE LP holds the second largest percentage of outstanding shares, with 7.9453% or 43.4 million shares worth $320.26 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD EXPLORER FUND . With 12.43 shares estimated at $63.71 million under it, the former controlled 2.33% of total outstanding shares. On the other hand, VANGUARD EXPLORER FUND held about 2.12% of the shares, roughly 11.28 shares worth around $57.8 million.
