The price of Alight Inc (NYSE:ALIT) shares last traded on Wall Street fell -0.47% to $8.42.
ALIT stock price is now 16.16% away from the 50-day moving average and 5.54% away from the 200-day moving average. The market capitalization of the company currently stands at $4.61B.
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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, William P. Foley II, Director bought 5,000,000 shares of the company’s stock on Nov 13 ’24. The stock was bought for $42,100,000 at an average price of $8.42. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 13 ’24, Officer Stephan Scholl bought 367,600 shares of the business’s stock. A total of $2,742,296 was incurred on buying the stock at an average price of $7.46. A total of 18.21% 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 0.50, a current ratio of 1.27, and a quick ratio of 1.27. The fifty day moving average price for ALIT is $7.2262 and a two-hundred day moving average price translates $7.9808 for the stock.
The latest earnings results from Alight Inc (NYSE: ALIT) was released for 2024-09-30. The net profit margin was -9.49% and return on equity was -5.65% for ALIT. The company reported revenue of $555.0 million for the quarter, compared to $557.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.36 percent.
