Taking the lead: Alight Inc. (ALIT)

With 6.39 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.98 million shares. The 52-week range on ALIT shows that it touched its highest point at $10.10 and its lowest point at $6.33 during that stretch. It currently has a 1-year price target of $12.22. Beta for the stock currently stands at 0.92.

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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 up-trending over the past week, with a rise of 1.01%, but this was down by -0.22% over a month. Three-month performance surged to 19.34% while six-month performance rose 14.92%. The stock lost -6.15% in the past year, while it has gained 5.63% so far this year. A look at the trailing 12-month EPS for ALIT yields -0.54 with Next year EPS estimates of 0.85. For the next quarter, that number is 0.14. This implies an EPS growth rate of 4.95% for this year and 14.22% for next year.

Float and Shares Shorts:

At present, 478.34 million ALIT shares are outstanding with a float of 375.95 million shares on hand for trading. On Feb 15, 2024, short shares totaled 21.45 million, which was 4.25% higher than short shares on Jan 12, 2024. In addition to ALT as the firm’s Altimmune, Inc., ILIT serves as its iShares Lithium Miners and Prod.

Institutional Ownership:

Through their ownership of 100.21% of ALIT’s outstanding shares, institutional investors have majority control over the company.

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 $14.00 and a low target of $11.00, the average target price over the next 12 months is $12.22. Based on these targets, ALIT could surge 55.38% to reach the target high and rise by 22.09% to reach the target low. Reaching the average price target will result in a growth of 35.63% from current levels.

Summary of Insider Activity:

Insiders traded ALIT stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 42 while that of sell transactions has risen to 35 over the past year. The total number of shares bought during that period was 66,694,255 while 180,462,929 shares were sold.