Alight (ALIT) Stock Price, News & Analysis

Company Overview

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. The Professional Services segment offers consulting offerings, such as cloud advisory, deployment, and optimization services for cloud platforms. The company provides Alight Worklife, an intuitive, cloud-based employee engagement platform. Its solutions enable employees to enrich their health, wealth, and wellbeing that helps organizations achieve a high-performance culture. Alight, Inc. was founded in 2020 and is based in Lincolnshire, Illinois.

Key Stats

• Today's Range: $7.29 to $7.43
• 50-Day Range: $6.80 to $7.47
• 52-Week Range: $6.15 to $10.38
• Volume: 2.49 million shs
• Average Volume: 5.79 million shs
• Market Capitalization: $4.02 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $10.75
• Consensus Rating: Moderate Buy

Alight Stock Analysis - MarketRank™

Alight scored higher than 60% of companies evaluated by MarketBeat, and ranked 367th out of 658 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Alight has received a consensus rating of Moderate Buy. The company's average rating score is 2.90, and is based on 9 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Alight has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 11.90%

Earnings Growth

Earnings for Alight are expected to grow by 11.90% in the coming year, from $0.42 to $0.47 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Alight is -16.73, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Alight is -16.73, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Alight has a P/B Ratio of 0.86. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

9.17% of the float of Alight has been sold short.

Short Interest Ratio / Days to Cover

Alight has a short interest ratio ("days to cover") of 8.1.

Change versus previous month

Short interest in Alight has recently increased by 10.58%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Alight does not currently pay a dividend.

Dividend Growth

Alight does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

9.17% of the float of Alight has been sold short.

Short Interest Ratio / Days to Cover

Alight has a short interest ratio ("days to cover") of 8.1.

Change versus previous month

Short interest in Alight has recently increased by 10.58%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.75

News Sentiment

Alight has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Alight this week, compared to 5 articles on an average week.

Search Interest

Only 2 people have searched for ALIT on MarketBeat in the last 30 days. This is a decrease of -71% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Alight to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Alight insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 5.33% of the stock of Alight is held by insiders.

Percentage Held by Institutions

96.74% of the stock of Alight is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ALIT Stock Analysis - Frequently Asked Questions

How have ALIT shares performed this year?

Alight's stock was trading at $8.53 on January 1st, 2024. Since then, ALIT stock has decreased by 13.7% and is now trading at $7.36.
View the best growth stocks for 2024 here.

How were Alight's earnings last quarter?

Alight, Inc. (NYSE:ALIT) posted its earnings results on Tuesday, August, 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The company earned $787 million during the quarter, compared to analyst estimates of $791.22 million. Alight had a negative net margin of 6.58% and a positive trailing twelve-month return on equity of 5.42%.

When did Alight IPO?

Alight (ALIT) raised $752 million in an initial public offering (IPO) on Friday, March 22nd 2019. The company issued 32,000,000 shares at $22.00-$25.00 per share. BofA Merrill Lynch, J.P. Morgan, Morgan Stanley, Barclays Capital, BMO Capital Markets, Citigroup Global, Credit Suisse, Deutsche Bank Securities and Goldman Sachs acted as the underwriters for the IPO and Blackstone Capital Markets, CIBC World Markets, PNC Capital Markets, Baird, KeyBanc Capital Markets, Macquarie Capital, Stephens, Stifel, Academy Securities, BTIG, Loop Capital Markets, Ramirez and Siebert Cisneros Shank were co-managers.

Who are Alight's major shareholders?

Alight's top institutional shareholders include Wedge Capital Management L L P NC (0.12%), Samson Rock Capital LLP (0.04%), Ables Iannone Moore & Associates Inc. (0.04%) and Handelsbanken Fonder AB (0.03%). Insiders that own company stock include Stephan Scholl, Stephan Scholl, Katie J Rooney, Richard N Massey, Dinesh V Tulsiani, Holdings I/Ii Gp L Blackstone, Holdings LP Blackstone III and William P Foley II.
View institutional ownership trends.

How do I buy shares of Alight?

Shares of ALIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Alight own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Alight investors own include American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC), AUO (AUOTY) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 8/06/2024
• Today: 10/17/2024
• Next Earnings (Estimated): 11/06/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Business services, not elsewhere classified
• Sub-Industry: Business Services
• Current Symbol: NYSE:ALIT
• CUSIP: N/A
• CIK: 1809104
• Web: alight.com
• Phone: 224-737-7000
• Fax: N/A
• Employees: 18,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $10.75
• High Stock Price Target: $13.00
• Low Stock Price Target: $8.00
• Potential Upside/Downside: +46.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.90
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.44)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 17.52
• P/E Growth: N/A
• Net Income: $-345,000,000.00
• Net Margins: -6.58%
• Pretax Margin: -9.75%
• Return on Equity: 5.42%
• Return on Assets: 2.36%

Debt

• Debt-to-Equity Ratio: 0.55
• Current Ratio: 1.37
• Quick Ratio: 1.37

Sales & Book Value

• Annual Sales: $3.41 billion
• Price / Sales: 1.18
• Cash Flow: $1.49 per share
• Price / Cash Flow: 4.93
• Book Value: $8.57 per share
• Price / Book: 0.86

Miscellaneous

• Outstanding Shares: 546,380,000
• Free Float: 517,262,000
• Market Cap: $4.02 billion
• Optionable: Optionable
• Beta: 0.86