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Wednesday, September 27, 2023

There Is A Quest For Clarity Surrounding Alight Inc. (NYSE: ALIT) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Alight Inc. (ALIT) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $7.53. The Alight Inc. has recorded 22,820 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Alight Enhances LeavePro Enterprise Software With New Automation Capabilities for a Better, Faster Client Experience.

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Stocks Info

This NYSE-listed company operates within the Software – Application industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $7.53 and fluctuated between $7.61 as its day high and $7.52 as its day low. The current market capitalization of Alight Inc. is $4.18B. A total of 2.17 million shares were traded on the day, compared to an average of 2.68M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, ALIT has seen 14 BUY and 15 SELL insider trades, representing the acquisition of 22,127,270 and the disposition of 66,139,935 shares. Over the last 12 months, there were 58 BUYs and 72 SELLs from insiders. Insiders purchased 88,524,897 shares during that period but sold 247,309,624.

In the most recent transaction, Blackstone Holdings I/II GP L. sold 14,704,603 shares of ALIT for 7.98 per share on Aug 22. After the transaction, the 10% Owner now owns 43,602 company shares. In a previous transaction on Aug 22, Blackstone Management Associat sold 14,704,603 shares at 7.98 per share. ALIT shares that 10% Owner owns now total 43,602.

Among the insiders who sold shares, BX Tempo ML Holdco 1 L.P. disposed of 14,704,603 shares on Aug 22 at a per-share price of $7.98. This resulted in the 10% Owner holding 43,602 shares of ALIT after the transaction. In another insider transaction, Blackstone Holdings I/II GP L. sold 28,562,652 shares at $8.71 per share on Mar 06. Company shares held by the 10% Owner now total 57,028.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for ALIT in the last 3 months, the mean price target is $12.88 with high estimates of $15.00 and low estimates of $12.00. In terms of 52-week highs and lows, ALIT has a high of $10.19 and a low of $7.01.

As of this writing, ALIT has an earnings estimate of $Global X Lithium & Battery Tech per share for the current quarter. EPS was calculated based on a consensus of Altimmune, Inc. estimates, with a high estimate of $Allegiant Travel Company per share and a lower estimate of $Harmonic Inc.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ALIT is Buy with a score of 4.86.

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