Alight (NYSE:ALIT) Trading 4.9% Higher – What’s Next?

Shares of Alight, Inc. (NYSE:ALITGet Free Report) rose 4.9% on Monday . The company traded as high as $20.30 and last traded at $20.5850. 80,658 shares changed hands during trading, a decline of 94% from the average daily volume of 1,402,120 shares. The stock had previously closed at $19.62.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. DA Davidson raised their target price on shares of Alight from $2.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Wall Street Zen upgraded shares of Alight from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Weiss Ratings lowered shares of Alight from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Alight presently has an average rating of “Hold” and an average price target of $62.57.

View Our Latest Analysis on Alight

Alight Stock Performance

The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $586.51 million, a PE ratio of -0.19, a PEG ratio of 0.44 and a beta of 1.66. The firm’s 50-day simple moving average is $15.22 and its 200-day simple moving average is $19.70.

Institutional Trading of Alight

Large investors have recently modified their holdings of the company. TradeLink Capital LLC purchased a new position in Alight during the 4th quarter worth $25,000. Strs Ohio purchased a new stake in shares of Alight in the 1st quarter worth $25,000. Moss Adams Wealth Advisors LLC purchased a new stake in shares of Alight in the 4th quarter worth $26,000. Renaissance Technologies LLC bought a new position in shares of Alight during the 4th quarter worth $26,000. Finally, Evolve Private Wealth LLC bought a new position in shares of Alight during the 1st quarter worth $27,000. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Alight Company Profile

(Get Free Report)

Alight, Inc (NYSE: ALIT) is a leading provider of cloud-based human capital and financial solutions designed to help organizations and their employees navigate critical life and work events. The company offers a comprehensive suite of services, including payroll administration, benefits enrollment and management, workforce and analytics solutions, health and welfare support, and financial wellness programs. By integrating advanced technology with expert advisory services, Alight aims to simplify the administration of human resources and benefits functions, improve employee engagement and productivity, and drive cost efficiencies for its clients.

Alight’s core platform leverages cloud architecture and automation to deliver scalable and secure solutions that address the needs of mid-sized and large enterprises.

Further Reading

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