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Alight (ALIT)
NYSE:ALIT
Alight (ALIT) Stock Price & Analysis
442 Followers
ALIT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$6.33 - $10.38
Previous Close$8.05
Volume6.18M
Average Volume (3M)6.15M
Market Cap
$4.56B
Enterprise Value$7.28B
Total Cash (Recent Filing)$358.00M
Total Debt (Recent Filing)$2.79B
Price to Earnings (P/E)-13.1
Beta1.36
Next Earnings
Jul 31, 2024EPS Estimate
$0.11Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.61
Shares Outstanding561,490,282
10 Day Avg. Volume11,070,622
30 Day Avg. Volume6,147,934
Standard Deviation0.09
R-Squared0.31
Alpha-0.00949
Financial Highlights & Ratios
Price to Book (P/B)-1.72
Price to Sales (P/S)1.30
Price to Cash Flow (P/CF)8.40
P/FCF Ratio8.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.13
Enterprise Value/Gross Profit5.95
Enterprise Value/Ebitda39.55
Forecast
1Y Price Target
$12.17Price Target Upside51.18% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
Alight News
PremiumCompany Announcements
Alight Updates Investor Presentation Ahead of J.P. Morgan Conference
PremiumCompany Announcements
Alight Announces CFO Transition and New Presidential AppointmentBulls Say, Bears Say
Bulls Say
Financial PerformanceBPaaS bookings remained solid and revenue in this segment grew 21%, showcasing the company's strong performance and potential for growth.
Stock ValuationAnalyst recommends a 'BUY' with a price target increase to $13, citing improved financials and business focus as key drivers for a valuation re-rating.
Strategic Business MovesThe pending sale of the payroll and professional services business is set to smooth out quarterly volatility and strengthen the balance sheet, paving the way for increased shareholder returns.
Bears Say
Earnings Miss And Weak OutlookALIT's 4Q23 results missed Street expectations on revenue and EBITDA combined with a light FY24 outlook.
Financial Performance1Q results missed Street expectations on both the top and bottom line due to weakness in both the recurring and project-related revenue streams.
Revenue Growth ConcernsFollowing the divestiture, projected future revenue growth may decrease slightly as some of the services business had higher growth.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
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 Jul 31, 2024 which is in 72 days.
How were Alight’s earnings last quarter?
Alight released its earnings results on May 08, 2024. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.122 by $0.008.
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 $0.11.
How many shares outstanding does Alight have?
Alight has 550,348,100 shares outstanding.
What happened to Alight’s price movement after its last earnings report?
Alight reported an EPS of $0.13 in its last earnings report, beating expectations of $0.122. Following the earnings report the stock price went down -16.254%.
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:
$12.17 (51.18% Upside)
$12.17 (51.18% Upside)
Blogger Sentiment
Neutral
ALIT Sentiment 50%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 1.7M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 3.6%
Last 30 Days ▲ 2.0%
Last 30 Days ▲ 2.0%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-5.51%
12-Months-Change
Fundamentals
Return on Equity
-7.01%
Trailing 12-Months
Asset Growth
-1.86%
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
Q1 2024
0:00 / 0:00
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ALIT Stock 12 Month Forecast
Average Price Target
$12.17
▲(51.18% Upside)
Technical Analysis
Best Analysts Covering ALIT
1 Year
1 Year Success Rate
5/11 ratings generated profit
1 Year Average Return
-3.05%
reiterated a buy rating 12 days ago
Copying Kyle Peterson's trades and holding each position for 1 Year would result in 45.45% of your transactions generating a profit, with an average return of -3.05% per trade.
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