Alight Inc. saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $10.38 on 03/22/24, while the lowest price for the same duration was marked at $6.15 on 08/06/24.
52-week price history of ALIT Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Alight Inc.’s current trading price is -30.54% away from its 52-week high, while its distance from the 52-week low is 17.24%. The stock’s price range during this period has spanned from $6.15 to $10.38. In the Technology sector, the Alight Inc.’s shares surpassed a trading volume of approximately 4.14 million for the day, which was noticeably lower compared to the average daily volume of 9.4.95 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Alight Inc. (ALIT) has experienced a quarterly rise of 1.69% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.86B and boasts a workforce of 18000 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 7.34, with a change in price of -0.57. Similarly, Alight Inc. recorded 5,473,018 in trading volume during the last 100 days, posting a change of -7.33%.
Examining ALIT’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for ALIT stands at 0.65. Similarly, the long-term debt-to-equity ratio is also 0.57.
ALIT Stock Stochastic Average
Today, Alight Inc.’s raw stochastic average for the past 50 days stands at 65.63%, indicating a rise from the raw stochastic average of the last 20 days, which was 52.94%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 66.39% and 60.97% respectively.
ALIT Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The index has shown a price loss of -15.47% this year. Over the last six months, there has been a stronger performance of -23.62%. The price of ALIT leaped by -3.35% during the last 30 days period. For the last 5-days stocks have slided -0.69%.
