Momentum Is Strong For Alight Inc. (NYSE: ALIT)

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. Earlier, Yahoo Finance discussed this stock as it revealed Alight Announces Agreement to Sell Payroll and Professional Services Business for up to $1.2 Billion.

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Stocks Info

This NYSE-listed company operates within the Software – Application industry segment, falling under the Technology sector. The current market capitalization of Alight Inc. is $5.65B. A total of 8.06 million shares were traded on the day, compared to an average of 7.39M shares.

In the most recent transaction, Scholl Stephan sold 428,574 shares of ALIT for 9.81 per share on Mar 20 ’24. After the transaction, the Chief Executive Officer now owns 8,198,199 company shares. In a previous transaction on Mar 20 ’24, Tulsiani Dinesh V sold 2,498 shares at 10.00 per share. ALIT shares that Chief Strategy Officer owns now total 746,169.

Among the insiders who sold shares, Rooney Katie J. disposed of 5,454 shares on Mar 07 ’24 at a per-share price of $9.09. This resulted in the insider holding 2,958,240 shares of ALIT after the transaction. In another insider transaction, Rooney Katie J. sold 26,164 shares at $8.95 per share on Mar 06 ’24. Company shares held by the insider now total 2,963,694.

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. In terms of 52-week highs and lows, ALIT has a high of $10.10 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 9 estimates, with a high estimate of $0.16 per share and a lower estimate of $0.1. The company reported an EPS of $0.14 in the last quarter, which was 7.70% higher than expectations of $0.13.

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. 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 $8.73, while its Total Shareholder’s Equity was $4.93B.

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 4.89.

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