Stocks of Alight Inc. (NYSE:ALIT) traded higher last session on Wall Street, up 1.64% to $7.45.
ALIT stock price is now 3.80% away from the 50-day moving average and -9.31% away from the 200-day moving average. The market capitalization of the company currently stands at $3.99B.
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With the price target maintained at $8, JP Morgan recently Downgraded its rating from Overweight to Neutral for Alight Inc. (NYSE: ALIT). , while ‘Canaccord Genuity’ rates the stock as ‘Buy’
In other news, Katie Rooney, Officer bought 95,702 shares of the company’s stock on Aug 05 ’24. The stock was bought for $660,344 at an average price of $6.90. 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 $21.46 million. A total of 18.16% of the company’s stock is owned by insiders.
During the past 12 months, Alight Inc. has had a low of $6.15 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 1.36, and a quick ratio of 1.36. The fifty day moving average price for ALIT is $7.1822 and a two-hundred day moving average price translates $8.21695 for the stock.
The latest earnings results from Alight Inc. (NYSE: ALIT) was released for 2024-06-30. The net profit margin was -7.74% and return on equity was -5.65% for ALIT. The company reported revenue of $538.0 million for the quarter, compared to $561.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.1 percent.
