The closing price of Accolade Inc. (NASDAQ: ACCD) was $11.08 for the day, up 0.27% from the previous closing price of $11.05. In other words, the price has increased by $+0.03 from its previous closing price. On the day, 530201 shares were traded. ACCD stock price reached its highest trading level at $11.30 during the session, while it also had its lowest trading level at $10.89.
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Ratios:
Our analysis of ACCD’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.10 and its Current Ratio is at 3.10. In the meantime, Its Debt-to-Equity ratio is 0.58 whereas as Long-Term Debt/Eq ratio is at 0.58.
Upgrades & Downgrades
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 22 when SINGH RAJEEV sold 1,578 shares for $10.90 per share. The transaction valued at 17,202 led to the insider holds 559,136 shares of the business.
Cavanaugh Robert N sold 743 shares of ACCD for $8,100 on May 22. The President now owns 147,879 shares after completing the transaction at $10.90 per share. On May 22, another insider, HILTON MICHAEL W, who serves as the Director of the company, sold 680 shares for $10.90 each. As a result, the insider received 7,413 and left with 132,543 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ACCD now has a Market Capitalization of 988.90M and an Enterprise Value of 985.20M. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.20 while its Price-to-Book (P/B) ratio in mrq is 1.62. Its current Enterprise Value per Revenue stands at 2.71 whereas that against EBITDA is -8.39.
Stock Price History:
Over the past 52 weeks, ACCD has reached a high of $17.00, while it has fallen to a 52-week low of $5.24. The 50-Day Moving Average of the stock is 12.99, while the 200-Day Moving Average is calculated to be 11.14.
Shares Statistics:
ACCD traded an average of 632.68K shares per day over the past three months and 511.26k shares per day over the past ten days. A total of 71.23M shares are outstanding, with a floating share count of 68.97M. Insiders hold about 0.90% of the company’s shares, while institutions hold 82.70% stake in the company. Shares short for ACCD as of Apr 27, 2023 were 3.69M with a Short Ratio of 3.69M, compared to 3.62M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.01% and a Short% of Float of 5.09%.
Earnings Estimates
The firm’s stock currently is rated by 16 analysts. On average, analysts expect EPS of -$0.62 for the current quarter, with a high estimate of -$0.43 and a low estimate of -$0.78, while EPS last year was -$4.92. The consensus estimate for the next quarter is -$0.57, with high estimates of -$0.38 and low estimates of -$0.74.
Analysts are recommending an EPS of between -$0.99 and -$2.35 for the fiscal current year, implying an average EPS of -$1.8. EPS for the following year is -$1.57, with 16 analysts recommending between -$0.58 and -$2.04.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 16 analysts. It ranges from a high estimate of $91M to a low estimate of $89.97M. As of the current estimate, Accolade Inc.’s year-ago sales were $85.53M, an estimated increase of 5.60% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $94.19M, an increase of 13.70% over than the figure of $5.60% in the same quarter last year. There is a high estimate of $97.3M for the next quarter, whereas the lowest estimate is $92.73M.
A total of 17 analysts have provided revenue estimates for ACCD’s current fiscal year. The highest revenue estimate was $410.49M, while the lowest revenue estimate was $408.47M, resulting in an average revenue estimate of $409.88M. In the same quarter a year ago, actual revenue was $363.14M, up 12.90% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $491.42M in the next fiscal year. The high estimate is $500.3M and the low estimate is $471.7M. The average revenue growth estimate for next year is up 19.90% from the average revenue estimate for this year.
