Alight (NYSE:ALIT) Sets New 1-Year Low – What’s Next?

Alight, Inc. (NYSE:ALIT) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $2.18 and last traded at $2.2050, with a volume of 1214896 shares trading hands. The stock had previously closed at $2.28.

Analyst Ratings Changes

Several research analysts have recently commented on ALIT shares. Needham & Company LLC decreased their target price on Alight from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Alight in a research note on Wednesday, October 8th. Wedbush lowered their target price on shares of Alight from $7.00 to $5.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Finally, UBS Group dropped their target price on shares of Alight from $6.50 to $4.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $6.25.

Alight Price Performance

The company has a debt-to-equity ratio of 0.99, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of -0.52 and a beta of 1.02. The company has a 50-day simple moving average of $3.06 and a two-hundred day simple moving average of $4.38.

Alight (NYSE:ALIT) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $533.00 million for the quarter, compared to the consensus estimate of $539.43 million. Alight had a positive return on equity of 7.89% and a negative net margin of 94.23%.The firm’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.09 EPS. Alight has set its FY 2025 guidance at 0.540-0.580 EPS. On average, equities research analysts predict that Alight, Inc. will post 0.54 earnings per share for the current year.

Alight Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Monday, December 1st. Alight’s payout ratio is -3.91%.

Institutional Trading of Alight

Large investors have recently added to or reduced their stakes in the business. Strs Ohio acquired a new position in Alight during the 1st quarter worth $25,000. CWM LLC lifted its holdings in Alight by 364.8% in the first quarter. CWM LLC now owns 5,104 shares of the company’s stock worth $30,000 after purchasing an additional 4,006 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in Alight by 82.8% in the first quarter. Caitong International Asset Management Co. Ltd now owns 5,184 shares of the company’s stock worth $31,000 after purchasing an additional 2,348 shares during the period. EverSource Wealth Advisors LLC grew its position in Alight by 152.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,201 shares of the company’s stock valued at $29,000 after buying an additional 3,138 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in Alight by 68.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 8,100 shares of the company’s stock valued at $46,000 after buying an additional 3,300 shares during the period. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Alight Company Profile

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.