At the end of the latest market close, Alight Inc. (ALIT) was valued at $8.68. In that particular session, Stock kicked-off at the price of $8.91 while reaching the peak value of $9.10 and lowest value recorded on the day was $8.77. The stock current value is $8.93.Recently in News on March 6, 2023, Alight Announces Closing of Upsized Secondary Offering of Common Stock and Full Exercise of Over-Allotment Option. Alight, Inc. (“Alight” or the “Company”) (NYSE: ALIT), a leading cloud-based human capital technology and services provider, today announced the closing of the upsized underwritten secondary public offering of 52,900,000 shares of Alight’s Class A common stock (the “offering”) by certain funds affiliated with Blackstone Inc., Jasmine Ventures Pte. Ltd., certain funds affiliated with New Mountain Capital and Platinum Falcon B 2018 RSC Ltd. (collectively, the “Selling Stockholders”) at a public price of $9.00 per share, which includes the full exercise of the underwriters’ option to purchase an additional 6,900,000 shares of Alight’s Class A common stock. Alight did not sell any shares of Class A common stock in the offering and did not receive any proceeds from the offering. You can read further details here
Alight Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $10.61 on 03/29/22, with the lowest value was $6.31 for the same time period, recorded on 06/30/22.
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Alight Inc. (ALIT) full year performance was 2.06%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Alight Inc. shares are logging -15.83% during the 52-week period from high price, and 41.52% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $6.31 and $10.61.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 3941088 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Alight Inc. (ALIT) recorded performance in the market was 6.82%, having the revenues showcasing 4.08% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 5.07B, as it employees total of 18000 workers.
The Analysts eye on Alight Inc. (ALIT)
During the last month, 5 analysts gave the Alight Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 8.86, with a change in the price was noted +1.02. In a similar fashion, Alight Inc. posted a movement of +12.90% for the period of last 100 days, recording 3,043,076 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ALIT is recording 0.65 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.63.
Technical rundown of Alight Inc. (ALIT)
Raw Stochastic average of Alight Inc. in the period of last 50 days is set at 39.45%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 25.07%. In the last 20 days, the company’s Stochastic %K was 15.53% and its Stochastic %D was recorded 15.34%.
Considering, the past performance of Alight Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 6.82%. Additionally, trading for the stock in the period of the last six months notably improved by 6.95%, alongside a boost of 2.06% for the period of the last 12 months. The shares increased approximately by -7.27% in the 7-day charts and went down by -3.88% in the period of the last 30 days. Common stock shares were driven by 4.08% during last recorded quarter.