With 7.0 million shares changed hands, the volume of the stock remained lighter than its average volume of 9.71 million shares. The 52-week range on ALIT shows that it touched its highest point at $8.93 and its lowest point at $4.49 during that stretch. It currently has a 1-year price target of $9.57. With its current market cap of 3.17 billion, ALIT has annualized dividend of $0.04 while the current yield stands at 0.68%. Beta for the stock currently stands at 1.02.
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 13.05%, but this was up by 18.75% over a month. Three-month performance dropped to -11.96% while six-month performance fell -21.15%. The stock lost -23.41% in the past year, while it has lost -14.88% so far this year. A look at the trailing 12-month EPS for ALIT yields -0.09 with Next year EPS estimates of 0.64. For the next quarter, that number is 0.11. This implies an EPS growth rate of 2.14% for this year and 7.38% for next year. EPS is expected to grow by 6.44% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 23.41%.
Float and Shares Shorts:
At present, 531.87 million ALIT shares are outstanding with a float of 461.04 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALIT since 4 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.54217 being high and $0.52437 being low. For ALIT, this leads to a yearly average estimate of $0.53341. Based on analyst estimates, the high estimate for the next quarter is $0.15 and the low estimate is $0.12. The average estimate for the next quarter is thus $0.13.
