The closing price of Accolade Inc (NASDAQ: ACCD) was $9.56 for the day, up 0.63% from the previous closing price of $9.50. In other words, the price has increased by $+0.06 from its previous closing price. On the day, 614358 shares were traded.
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 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:
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 Mar 04 ’24 when Eskew Richard sold 485 shares for $9.63 per share. The transaction valued at 4,673 led to the insider holds 37,949 shares of the business.
McHugh Colin sold 433 shares of ACCD for $4,172 on Mar 04 ’24. The Chief Accounting Officer now owns 36,225 shares after completing the transaction at $9.63 per share. On Feb 20 ’24, another insider, Eskew Richard, who serves as the EVP General Counsel of the company, sold 400 shares for $12.09 each. As a result, the insider received 4,836 and left with 36,795 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 736.15M and an Enterprise Value of 747.83M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.90 while its Price-to-Book (P/B) ratio in mrq is 1.69. Its current Enterprise Value per Revenue stands at 1.92 whereas that against EBITDA is -8.11.
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 11.84, while the 200-Day Moving Average is calculated to be 11.34.
Shares Statistics:
ACCD traded an average of 770.95K shares per day over the past three months and 622.27k shares per day over the past ten days. A total of 73.09M shares are outstanding, with a floating share count of 68.95M. Insiders hold about 10.93% of the company’s shares, while institutions hold 77.17% stake in the company. Shares short for ACCD as of Feb 15, 2024 were 2.61M with a Short Ratio of 3.39, compared to 3.1M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.38% and a Short% of Float of 3.46%.
Earnings Estimates
The firm’s stock currently is rated by 13 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 -$0.38, 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
It is expected that $90B in revenue will be generated in the current quarter, according to 15 analysts. 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.
