In the latest trading session,, 0.82 million Alight Inc (NYSE:ALIT) shares changed hands as the company’s beta touched 1.02. With the company’s most recent per share price at $5.66 changed hands at -$0.02 or -0.26% at last look, the market valuation stands at $3.05B. ALIT’s current price is a discount, trading about -57.77% off its 52-week high of $8.93. The share price had its 52-week low at $4.49, which suggests the last value was 20.67% up since then.
Analysts gave the Alight Inc (ALIT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.29. 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 -3.16%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -18.14%, with the 5-day performance at -3.16% in the red. However, in the 30-day time frame, Alight Inc (NYSE:ALIT) is 16.56% up.
The consensus price target for the stock as assigned by Wall Street analysts is 12, meaning bulls need an upside of 52.83% 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 -412.37% plunge from its current level, while the stock would need to soar -94.35% 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 2.14%, but the outlook for the next 5-year period is at 6.44% per year.
ALIT Dividends
Alight Inc is expected to release its next quarterly earnings report in June. The 1.41% annual yield figure for the share gives it an annual dividend of 0.08. It is important to note, however, that the 1.41% 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.
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 $70.3 million under it, the former controlled 2.36% of total outstanding shares. On the other hand, VANGUARD EXPLORER FUND held about 2.14% of the shares, roughly 11.28 shares worth around $63.78 million.
