Alight, Inc. (NYSE:ALIT – Get Free Report) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 37,820,000 shares, a drop of 5.8% from the September 30th total of 40,140,000 shares. Based on an average daily trading volume, of 4,380,000 shares, the short-interest ratio is presently 8.6 days. Approximately 8.6% of the company’s stock are sold short.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on ALIT shares. Needham & Company LLC restated a “buy” rating and set a $9.00 price objective on shares of Alight in a report on Monday, September 30th. Wedbush cut their price target on Alight from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Citigroup reduced their price objective on shares of Alight from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. JPMorgan Chase & Co. lowered Alight from an “overweight” rating to a “neutral” rating and set a $8.00 target price on the stock. in a research note on Tuesday, August 20th. Finally, KeyCorp decreased their price target on shares of Alight from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $10.75.
View Our Latest Research Report on Alight
Institutional Investors Weigh In On Alight
Alight Price Performance
NYSE:ALIT opened at $6.80 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.55. The company has a fifty day moving average of $7.22 and a 200 day moving average of $7.52. Alight has a 52 week low of $6.15 and a 52 week high of $10.38.
Alight (NYSE:ALIT – Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. Alight had a negative net margin of 6.58% and a positive return on equity of 5.42%. The business had revenue of $787.00 million for the quarter, compared to analysts’ expectations of $791.22 million. On average, equities research analysts predict that Alight will post 0.42 earnings per share for the current fiscal year.
About Alight
Alight, Inc provides cloud-based integrated digital human capital and business solutions worldwide. The company operates through two segments, Employer Solutions and Professional Services. The Employer Solutions segment offers employee wellbeing, integrated benefits administration, healthcare navigation, financial wellbeing, leave of absence management, retiree healthcare and payroll; and operates AI-led capabilities software.
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