Alight, Inc. (ALIT)

SEC filings show modest revenue decline (FY2025 down 3% to $2.262B; Q1 2026 down 2.6% YoY) but stable Adjusted EBITDA (~$561M) and sharply improved free cash flow ($250M in FY2025). With a small equity value (~$304M market cap) and heavy debt (~$2.0B), the stock screens optically cheap on EV/Adjusted EBITDA (~3.8x) and EV/Sales (~0.9x), but the risk profile is elevated due to a large goodwill impairment, ongoing losses/litigation disclosures, and a 1-for-20 reverse split to maintain NYSE listing.

ALIT’s next-30d setup is mixed: an announced 1-for-20 reverse stock split effective 2026-06-30 (bearish) is colliding with a bullish third-party validation of Alight’s Healthcare Navigation savings (announced 2026-06-25). Media tone is near-neutral and improved vs the 30–90d baseline (which was dominated by plaintiff-law-firm class-action alerts), but conflicting actionable catalysts trigger a moderate red-flag cap at 3; no regulator-confirmed investigations surfaced.

ALIT has liquidity and a short-term rebound, but the daily chart is still structurally weak: the 0.5773 close sits below SMA20/50/200, EMA9/21, and fractionally under daily VWAP, while MACD remains below its signal and below zero. RSI 39.5 and Williams %R -78.16 reflect only a partial recovery from oversold, and ADX 28.66 says the broader downtrend still has force. Very short weighted averages have turned up, so this reads as a countertrend snapback rather than a durable bullish reversal.