Alight Inc. (NYSE:ALIT) shares traded -3.54% lower at $7.09 on Wall Street last session.
ALIT stock price is now -7.41% away from the 50-day moving average and -13.27% away from the 200-day moving average. The market capitalization of the company currently stands at $3.84B.
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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, Rooney Katie J., Chief Operating Officer sold 47,851 shares of the company’s stock on Jul 09 ’24. The stock was sold for $334,019 at an average price of $6.98. Upon completion of the transaction, the Chief Operating Officer now directly owns 2,832,902 shares in the company, valued at $20.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 08 ’24, Chief Operating Officer Rooney Katie J. sold 47,851 shares of the business’s stock. A total of $340,455 was realized by selling the stock at an average price of $7.11. This leaves the insider owning 2,880,753 shares of the company worth $20.42 million. A total of 18.10% 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 $7.6152 and a two-hundred day moving average price translates $8.17375 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.
