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 May 14, 2024, ALIT stock price climbed to $7.51 with 10,870,893 million shares trading.

ALIT has a beta of 1.32, meaning it tends to be more sensitive to market movements. ALIT has a correlation of 0.17 to the broad based SPY ETF.

ALIT has a market cap of $4.13 billion. This is considered a Mid Cap stock.

Last quarter Alight Class A reported $816 million in Revenue and $.10 earnings per share. This fell short of revenue expectation by $-18 million and missed earnings estimates by -$.03.

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

ALIT has underperformed the market in the last year with a price return of -9.1% while the SPY ETF gained +28.8%. ALIT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -19.1% and -18.5%, respectively, while the SPY returned +6.2% and +2.6%, respectively.

ALIT support price is $7.31 and resistance is $7.57 (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.