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Saturday, December 9, 2023

Investing In Alight Inc. (NYSE: ALIT): Why Should You?

After Hours

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. After-hours trades for Alight Inc. (ALIT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.03, or 0.41%, to $7.38. The Alight Inc. has recorded 85,554 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Alight Reports Third Quarter Results.

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Stocks Info

The company is listed on the NYSE and operates within the Software – Application industry segment. At the end of the last regular session, the stock closed at $7.35 and fluctuated between $7.46 as its day high and $7.15 as its day low. The current market capitalization of Alight Inc. is $3.65B. A total of 3.85 million shares were traded on the day, compared to an average of 3.64M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ALIT has seen 8 BUY and 15 SELL insider trades, representing the acquisition of 22,037,247 and the disposition of 66,139,935 shares. Over the last 12 months, there were 55 BUYs and 72 SELLs from insiders. Insiders purchased 88,466,725 shares during that period but sold 247,309,624.

In the most recent transaction, Massey Richard N bought 50,000 shares of ALIT for 6.45 per share on Oct 05. After the transaction, the Director now owns 1,370,169 company shares. In a previous transaction on Aug 22, Blackstone Holdings I/II GP L. 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, Blackstone Management Associat 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, BX Tempo ML Holdco 1 L.P. sold 14,704,603 shares at $7.98 per share on Aug 22. Company shares held by the 10% Owner now total 43,602.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ALIT in the last 3 months, the mean price target is $12.57 with high estimates of $14.00 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 $6.33.

As of this writing, ALIT has an earnings estimate of $0.13 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.16 per share and a lower estimate of $0.09. The company reported an EPS of $0.13 in the last quarter, which was 8.30% higher than expectations of $0.12.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ALIT’s latest balance sheet shows that the firm has $372.00M in Cash & Short Term Investments as of fiscal 2021. There were $2.87B in debt and $2.12B in liabilities at the time. Its Book Value Per Share was $9.14, while its Total Shareholder’s Equity was $4.93B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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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