Alight Inc. (NYSE: ALIT) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

Alight Inc. is listed on the NYSE as a member of the Technology sector and is a part of the Software – Application industry. The current market capitalization of Alight Inc. is $3.94B. A total of 6.97 million shares were traded on the day, compared to an average of 5.75M shares.

In the most recent transaction, Rooney Katie J. sold 47,851 shares of ALIT for 6.98 per share on Jul 09 ’24. After the transaction, the Chief Operating Officer now owns 2,832,902 company shares. In a previous transaction on Jul 08 ’24, Rooney Katie J. sold 47,851 shares at 7.11 per share. ALIT shares that Chief Operating Officer owns now total 2,880,753.

Among the insiders who sold shares, Scholl Stephan disposed of 23,484 shares on Apr 09 ’24 at a per-share price of $9.53. This resulted in the Chief Executive Officer holding 8,091,699 shares of ALIT after the transaction. In another insider transaction, Scholl Stephan sold 83,016 shares at $95.10 per share on Apr 08 ’24. Company shares held by the Chief Executive Officer now total 8,115,183.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, ALIT has a high of $10.38 and a low of $6.33.

As of this writing, ALIT has an earnings estimate of $0.11 per share for the current quarter. EPS was calculated based on a consensus of 9.0 estimates, with a high estimate of $0.13 per share and a lower estimate of $0.08. The company reported an EPS of $0.14 in the last quarter

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ALIT’s latest balance sheet shows that the firm has $372.00M in Cash & Short Term Investments as of fiscal 2021. There were $3.11B in debt and $2.12B in liabilities at the time. Its Book Value Per Share was $8.22, while its Total Shareholder’s Equity was $4.93B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ALIT is Buy with a score of 4.89.

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