After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Alight named a Leader in Everest Group’s Global Multi-Country Payroll (MCP) Solutions PEAK Matrix® 2023.
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Stocks Info
ALIT belongs to the Technology sector of the NYSE while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $9.05 and fluctuated between $9.16 as its day high and $8.95 as its day low. The current market capitalization of Alight Inc. is $4.54B. A total of 21.64 million shares were traded on the day, compared to an average of 4.47M shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ALIT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 43 BUYs and 37 SELLs from insiders. Insiders purchased 66,710,027 shares during that period but sold 180,647,586.
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.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. 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 $0.26 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.28 per share and a lower estimate of $0.21. The company reported an EPS of $0.14 in the last quarter, which was 16.70% higher than expectations of $0.12.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $3.11B 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 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. 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 4.89.
