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Alight (ALIT)
NYSE:ALIT
Alight (ALIT) Stock Price & Analysis
422 Followers
ALIT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$6.33 - $10.38
Previous Close$9.12
Volume995.42K
Average Volume (3M)6.45M
Market Cap
$5.43B
Enterprise Value$8.10B
Total Cash (Recent Filing)$358.00M
Total Debt (Recent Filing)$2.79B
Price to Earnings (P/E)-16.8
Beta1.41
Next Earnings
May 07, 2024EPS Estimate
$0.13Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.54
Shares Outstanding564,901,934
10 Day Avg. Volume2,898,222
30 Day Avg. Volume6,445,212
Standard Deviation0.09
R-Squared0.30
Alpha-0.00846
Financial Highlights & Ratios
Price to Book (P/B)-1.96
Price to Sales (P/S)1.47
Price to Cash Flow (P/CF)9.50
P/FCF Ratio8.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.37
Enterprise Value/Gross Profit6.63
Enterprise Value/Ebitda44.01
Forecast
1Y Price Target
$13.00Price Target Upside41.30% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
Alight News
PremiumThe Fly
Alight rises 10.6%
PremiumCompany Announcements
Alight Divests Units for $1.2B, Eyes Streamlined Growth and Shareholder ValueBulls Say, Bears Say
Bulls Say
Debt ManagementManagement anticipates a more rapid reduction of debt to below 3 times AEBITDA and an increase in share buybacks.
Financial PerformanceThe divestiture is expected to increase gross and adjusted EBITDA margins by 300 basis points and boost recurring revenue to 93%.
Strategic Business FocusThe company's focus on software-centric as-a-service revenue stream is expected to continue growing at a mid-range pace.
Bears Say
Earnings ReportALIT's fourth-quarter results missed analyst expectations on revenue and EBITDA.
Financial PerformanceFollowing the divestiture, projected future revenue growth may decrease slightly as some of the services business had higher growth.
Strategic DecisionsALIT is exiting a higher growth revenue stream, leading to a lowered mid-term revenue growth target.
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Ownership Overview
40.03% Insiders
21.76% Mutual Funds
11.49% Other Institutional Investors
26.71% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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ALIT FAQ
What was Alight’s price range in the past 12 months?
Alight lowest stock price was $6.33 and its highest was $10.38 in the past 12 months.
What is Alight’s market cap?
Currently, no data Available
When is Alight’s upcoming earnings report date?
Alight’s upcoming earnings report date is May 07, 2024 which is in 14 days.
How were Alight’s earnings last quarter?
Alight released its earnings results on Feb 21, 2024. The company reported $0.3 earnings per share for the quarter, beating the consensus estimate of $0.257 by $0.043.
Is Alight overvalued?
According to Wall Street analysts Alight’s price is currently Undervalued.
Does Alight pay dividends?
Alight does not currently pay dividends.
What is Alight’s EPS estimate?
Alight’s EPS estimate is $0.13.
How many shares outstanding does Alight have?
Alight has 547,740,230 shares outstanding.
What happened to Alight’s price movement after its last earnings report?
Alight reported an EPS of $0.3 in its last earnings report, beating expectations of $0.257. Following the earnings report the stock price went down -2.923%.
Which hedge fund is a major shareholder of Alight?
Among the largest hedge funds holding Alight’s share is New Mountain Vantage Advisers, L.L.C.. It holds Alight’s shares valued at 259M.
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Alight Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$13.00 (41.30% Upside)
$13.00 (41.30% Upside)
Blogger Sentiment
Neutral
ALIT Sentiment 50%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 1.7M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.8%
Last 30 Days ▼ 9.0%
Last 30 Days ▼ 9.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-2.35%
12-Months-Change
Fundamentals
Return on Equity
-5.98%
Trailing 12-Months
Asset Growth
-4.03%
Trailing 12-Months
Company Description
Alight
Foley Trasimene Acquisition Corp is a blank check company.
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ALIT Company Deck
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ALIT Earnings Call
Q4 2024
0:00 / 0:00
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ALIT Stock 12 Months Forecast
Average Price Target
$13.00
▲(41.30% Upside)
Technical Analysis
Best Analysts Covering ALIT
1 Year
1 Year Success Rate
4/6 ratings generated profit
1 Year Average Return
+3.32%
reiterated a buy rating last month
Copying Kevin Mcveigh's trades and holding each position for 1 Year would result in 66.67% of your transactions generating a profit, with an average return of +3.32% per trade.
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