After finishing at $8.95 in the prior trading day, Accolade Inc (NASDAQ: ACCD) closed at $8.68, down -3.02%. In other words, the price has decreased by -$0.27 from its previous closing price. On the day, 560566 shares were traded.
Ratios:
Our goal is to gain a better understanding of ACCD by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.31 and its Current Ratio is at 2.31. In the meantime, Its Debt-to-Equity ratio is 0.56 whereas as Long-Term Debt/Eq ratio is at 0.54.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Leerink Partners on February 26, 2024, initiated with a Outperform rating and assigned the stock a target price of $16.
On January 03, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $13.Barclays initiated its Equal Weight rating on January 03, 2024, with a $13 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 02 ’24 when Eskew Richard sold 587 shares for $9.58 per share. The transaction valued at 5,625 led to the insider holds 39,001 shares of the business.
McHugh Colin sold 443 shares of ACCD for $4,245 on Apr 02 ’24. The Chief Accounting Officer now owns 37,014 shares after completing the transaction at $9.58 per share. On Mar 19 ’24, another insider, SINGH RAJEEV, who serves as the Chief Executive Officer of the company, sold 376 shares for $9.48 each. As a result, the insider received 3,566 and left with 745,748 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 670.35M and an Enterprise Value of 682.03M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.73 while its Price-to-Book (P/B) ratio in mrq is 1.54. Its current Enterprise Value per Revenue stands at 1.76 whereas that against EBITDA is -7.39.
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 $6.33. The 50-Day Moving Average of the stock is 10.56, while the 200-Day Moving Average is calculated to be 10.97.
Shares Statistics:
The stock has traded on average 641.22K shares per day over the past 3-months and 508.21k shares per day over the last 10 days, according to various share statistics. A total of 73.09M shares are outstanding, with a floating share count of 69.68M. Insiders hold about 9.98% of the company’s shares, while institutions hold 78.72% stake in the company. Shares short for ACCD as of Mar 15, 2024 were 2.78M with a Short Ratio of 5.00, compared to 2.61M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.59% and a Short% of Float of 3.69%.
Earnings Estimates
Its stock is currently analyzed by 13 different market analysts. On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of $0.1 and a low estimate of -$0.16, while EPS last year was -$0.42. The consensus estimate for the next quarter is -$0.39, with high estimates of -$0.24 and low estimates of -$0.48.
Analysts are recommending an EPS of between -$0.5 and -$1.39 for the fiscal current year, implying an average EPS of -$1.21. EPS for the following year is -$1.13, with 15 analysts recommending between -$0.41 and -$1.95.
Revenue Estimates
15 analysts predict $123.91M in revenue for the current quarter. It ranges from a high estimate of $124.77M to a low estimate of $123.2M. As of the current estimate, Accolade Inc’s year-ago sales were $99.03M, an estimated increase of 25.10% from the year-ago figure.
A total of 17 analysts have provided revenue estimates for ACCD’s current fiscal year. The highest revenue estimate was $473.6M, while the lowest revenue estimate was $412.7M, resulting in an average revenue estimate of $417.04M. In the same quarter a year ago, actual revenue was $363.14M, up 14.80% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $493.12M in the next fiscal year. The high estimate is $502.58M and the low estimate is $475.5M. The average revenue growth estimate for next year is up 18.20% from the average revenue estimate for this year.
