Why Alight Inc’s (ALIT) Stock Is Down 4.88% (2024)

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Alight Inc before investing.

In this article, we go over a few key elements for understanding Alight Inc’s stock price such as:

Before we jump into Alight Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Alight, Inc. is a cloud-based provider of integrated digital human capital and business solutions. The Company’s segments include Employer Solutions and Professional Services. The Employer Solutions segment is driven by its Alight Worklife platform, and includes total employee wellbeing, integrated benefits administration, healthcare navigation, financial wellbeing, leave of absence management, retiree healthcare and payroll. It leverages data across all interactions and activities to improve the employee experience, reduce operational costs and better inform management processes and decision-making. The Professional Services segment includes its project-based cloud deployment and consulting offerings that provide expertise with both human capital and financial platforms. Specifically, this includes cloud advisory and deployment, and optimization services for cloud platforms, such as Workday, SAP SuccessFactors, Oracle, and Cornerstone OnDemand.

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As of June 04, 2024, 4:00 PM, CST, Alight Inc’s stock price was $7.41.

Alight Inc is down 4.88% from its previous closing price of $7.79.

During the last market session, Alight Inc’s stock traded between $7.73 and $7.95. Currently, there are 540.78 million shares of Alight Inc stock available for purchase.

Unfortunately, Alight Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Alight Inc’s (ALIT) price is currently down 4.39% so far this month.

During the month of June, Alight Inc’s stock price has reached a high of $7.95 and a low of $7.40.

Over the last year, Alight Inc has hit prices as high as $10.38 and as low as $6.33. Year to date, Alight Inc’s stock is down 11.36%.

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Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 03, 2024, there were 6 analysts who downgraded Alight Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Alight Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Alight Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Alight Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Alight Inc (ALIT) by visiting AAII Stock Evaluator.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 03, 2024, Alight Inc has a weighted four-quarter relative price strength of -9.21%, which translates to a Momentum Score of 33 and is considered to be Weak.

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As of June 4, 2024, Alight Inc’s stock price is $7.41, which is down 4.88% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Alight Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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