ALIT Stock Summary and Trading Ideas (Alight Class A | NYSE:ALIT)

Alight Inc is a provider of integrated, cloud-based human capital solutions that empower clients and employees to manage health, wealth and HR needs. Geographically, the company generates a majority of its revenue from the United States.

Alight Class A trades on the NYSE stock market under the symbol ALIT.

As of September 18, 2024, ALIT stock price climbed to $7.24 with 3,991,140 million shares trading.

ALIT has a beta of 0.74, meaning it tends to be less sensitive to market movements. ALIT has a correlation of 0.07 to the broad based SPY ETF.

ALIT has a market cap of $3.88 billion. This is considered a Mid Cap stock.

Last quarter Alight Class A reported $538 million in Revenue and $.05 earnings per share. This fell short of revenue expectation by $-263 million and missed earnings estimates by -$.06.

In the last 3 years, ALIT stock traded as high as $12.44 and as low as $6.15.

The top ETF exchange traded funds that ALIT belongs to (by Net Assets): VTI, IWM, VB, VBR, VXF.

ALIT has underperformed the market in the last year with a price return of -4.6% while the SPY ETF gained +27.8%. ALIT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.3% and -1.2%, respectively, while the SPY returned +2.9% and +1.7%, respectively.

ALIT support price is $7.08 and resistance is $7.34 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALIT stock will trade within this expected range on the day.