Alight Inc. (NYSE:ALIT) price on Wednesday, May 09, fall -16.25% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $7.78.
A look at the stock’s price movement, the close in the last trading session was $9.29. Turning to its 52-week performance, $10.38 and $6.33 were the 52-week high and 52-week low respectively. Overall, ALIT moved -17.93% over the past month.
Alight Inc.’s market cap currently stands at around $4.28 billion.
Analysts have a consensus estimate of 831.93M for the company’s revenue for the quarter, with a low and high estimate of 830.9M and 835M respectively. The average forecast suggests up to a 0.10% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.57B, representing a 4.80% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ALIT is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
ALIT’s current price about -15.18% and -15.97% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 23.26, while 7-day volatility ratio is 4.68% and 2.65% in the 30-day chart. Further, Alight Inc. (ALIT) has a beta value of 0.94, and an average true range (ATR) of 0.33.
If we refocus on Alight Inc. (NYSE:ALIT), historical trading data shows that trading volumes averaged 5.42 million over the past 3 months. The company’s latest data on shares outstanding shows there are 510.89 million shares.
The 22.85% of Alight Inc.’s shares are in the hands of company insiders while institutional holders own 80.44% of the company’s shares. Current price change has pushed the stock -8.79% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ALIT stock continues to rise going into the next quarter.
