Stocks of Alight Inc (NYSE:ALIT) traded higher last session on Wall Street, up 1.43% to $7.78.
ALIT stock price is now 6.60% away from the 50-day moving average and -2.17% away from the 200-day moving average. The market capitalization of the company currently stands at $4.22B.
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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, George Gregory A., Chief Commerical Officer sold 84,929 shares of the company’s stock on Nov 15 ’24. The stock was sold for $645,104 at an average price of $7.60. Upon completion of the transaction, the Chief Commerical Officer now directly owns 223,327 shares in the company, valued at $1.74 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15 ’24, Officer GREGORY ADRIAN GEORGE bought 84,929 shares of the business’s stock. A total of $645,104 was incurred on buying the stock at an average price of $7.60. A total of 17.30% 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 $7.2836 and a two-hundred day moving average price translates $7.95885 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. For the current quarter, analysts expect ALIT to generate $675.71M in revenue.
