Stocks of Alight Inc. (NYSE:ALIT) traded higher last session on Wall Street, down -3.32% to $7.29.
ALIT stock price is now -11.13% away from the 50-day moving average and -11.04% away from the 200-day moving average. The market capitalization of the company currently stands at $3.94B.
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On December 06, 2023, Canaccord Genuity recently initiated its ‘Buy’ rating on the stock quoting a target price of $12, while ‘UBS’ rates the stock as ‘Buy’
In other news, Scholl Stephan, Chief Executive Officer sold 23,484 shares of the company’s stock on Apr 09 ’24. The stock was sold for $223,889 at an average price of $9.53. Upon completion of the transaction, the Chief Executive Officer now directly owns 8,091,699 shares in the company, valued at $58.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 08 ’24, Chief Executive Officer Scholl Stephan sold 83,016 shares of the business’s stock. A total of $7,894,988 was realized by selling the stock at an average price of $95.10. This leaves the insider owning 8,115,183 shares of the company worth $59.16 million. A total of 17.71% of the company’s stock is owned by insiders.
During the past 12 months, Alight Inc. has had a low of $6.33 and a high of $10.38. As of last week, the company has a debt-to-equity ratio of 0.65, a current ratio of 1.56, and a quick ratio of 1.56. The fifty day moving average price for ALIT is $8.2034 and a two-hundred day moving average price translates $8.1951 for the stock.
The latest earnings results from Alight Inc. (NYSE: ALIT) was released for 2024-03-31. The net profit margin was -9.94% and return on equity was -7.01% for ALIT. The company reported revenue of $559.0 million for the quarter, compared to $586.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.61 percent.
