There is no way Alight Inc. (ALIT) can keep these numbers up

Alight Inc. (NYSE: ALIT) stock fell -2.12% on Wednesday to $8.33 against a previous-day closing price of $8.51. With 2.23 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.64 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $8.47 whereas the lowest price it dropped to was $8.28. The 52-week range on ALIT shows that it touched its highest point at $10.19 and its lowest point at $6.31 during that stretch. It currently has a 1-year price target of $14.25.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ALIT was down-trending over the past week, with a drop of -2.23%, but this was down by -7.85% over a month. Three-month performance dropped to -15.77% while six-month performance fell -2.57%. The stock gained 8.04% in the past year, while it has lost -0.36% so far this year. A look at the trailing 12-month EPS for ALIT yields -0.25 with Next year EPS estimates of 0.76. For the next quarter, that number is 0.12. This implies an EPS growth rate of 0.90% for this year and 17.77% for next year.

Float and Shares Shorts:

At present, 476.15 million ALIT shares are outstanding with a float of 382.92 million shares on hand for trading. On Apr 27, 2023, short shares totaled 17.12 million, which was 3.44% higher than short shares on Mar 30, 2023. In addition to Mr. Stephan D. Scholl as the firm’s CEO & Director, Ms. Katie Boehm-J. Rooney serves as its Chief Financial Officer.

Institutional Ownership:

Other institutions hold 50.60% of ALIT, in contrast to 26.14% held by mutual funds. Shares owned by individuals account for 15.71%. As the largest shareholder in ALIT with 7.11% of the stake, The Vanguard Group, Inc. holds 33,982,830 shares worth 33,982,830. A second-largest stockholder of ALIT, FPR Partners LLC, holds 33,084,484 shares, controlling over 6.92% of the firm’s shares. ArrowMark Colorado Holdings LLC is the third largest shareholder in ALIT, holding 23,579,997 shares or 4.93% stake. With a 2.42% stake in ALIT, the Janus Henderson Triton Fund is the largest stakeholder. A total of 11,549,346 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.33% of ALIT stock, is the second-largest Mutual Fund holder. It holds 11,128,435 shares valued at 102.94 million. Vanguard Small Cap Index Fund holds 1.96% of the stake in ALIT, owning 9,365,235 shares worth 86.63 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, ALIT reported revenue of $715.00M and operating income of -$23.00M. The EBITDA in the recently reported quarter was $120.00M and diluted EPS was $0.10.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALIT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ALIT analysts setting a high price target of $15.00 and a low target of $12.00, the average target price over the next 12 months is $13.93. Based on these targets, ALIT could surge 80.07% to reach the target high and rise by 44.06% to reach the target low. Reaching the average price target will result in a growth of 67.23% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded ALIT stock several times over the past three months with 19 Buys and 21 Sells. In these transactions, 44,157,265 shares were bought while 128,584,391 shares were sold. The number of buy transactions has increased to 48 while that of sell transactions has risen to 58 over the past year. The total number of shares bought during that period was 66,195,723 while 195,431,086 shares were sold.

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