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The closing price of Accolade Inc (NASDAQ: ACCD) was $7.89 for the day, down -14.15% from the previous closing price of $9.19. In other words, the price has decreased by -$14.15 from its previous closing price. On the day, 1.49 million shares were traded. ACCD stock price reached its highest trading level at $8.56 during the session, while it also had its lowest trading level at $7.6205.
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 2.60 and its Current Ratio is at 2.60. In the meantime, Its Debt-to-Equity ratio is 0.54 whereas as Long-Term Debt/Eq ratio is at 0.53.
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 Apr 18 ’24 when SINGH RAJEEV sold 355 shares for $8.82 per share. The transaction valued at 3,132 led to the insider holds 747,309 shares of the business.
Cavanaugh Robert N sold 141 shares of ACCD for $1,244 on Apr 18 ’24. The President now owns 172,467 shares after completing the transaction at $8.82 per share. On Apr 18 ’24, another insider, Barnes Stephen H., who serves as the Chief Financial Officer of the company, sold 109 shares for $8.82 each. As a result, the insider received 962 and left with 178,516 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 610745984 and an Enterprise Value of 622851008. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.47 while its Price-to-Book (P/B) ratio in mrq is 1.38. Its current Enterprise Value per Revenue stands at 1.503 whereas that against EBITDA is -8.749.
Stock Price History:
The Beta on a monthly basis for ACCD is 2.08, which has changed by -0.39400923 over the last 52 weeks, in comparison to a change of 0.22363698 over the same period for the S&P500. 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 -19.65%, while the 200-Day Moving Average is calculated to be -26.89%.
Shares Statistics:
ACCD traded an average of 609.73K shares per day over the past three months and 830390 shares per day over the past ten days. A total of 78.07M shares are outstanding, with a floating share count of 69.68M. Insiders hold about 9.98% of the company’s shares, while institutions hold 79.15% stake in the company. Shares short for ACCD as of 1713139200 were 3144531 with a Short Ratio of 5.16, compared to 1710460800 on 2782764. Therefore, it implies a Short% of Shares Outstanding of 3144531 and a Short% of Float of 4.16.
Earnings Estimates
The firm’s stock currently is rated by 11.0 analysts. On average, analysts expect EPS of -$0.39 for the current quarter, with a high estimate of -$0.24 and a low estimate of -$0.48, while EPS last year was -$0.52. The consensus estimate for the next quarter is -$0.34, with high estimates of -$0.19 and low estimates of -$0.45.
Analysts are recommending an EPS of between -$0.18 and -$1.95 for the fiscal current year, implying an average EPS of -$1.05. EPS for the following year is -$0.98, with 10.0 analysts recommending between -$0.69 and -$1.29.
Revenue Estimates
For the next quarter, 12 analysts are estimating revenue of $114.6M. There is a high estimate of $119.14M for the next quarter, whereas the lowest estimate is $110.1M.
A total of 17 analysts have provided revenue estimates for ACCD’s current fiscal year. The highest revenue estimate was $502.58M, while the lowest revenue estimate was $475.5M, resulting in an average revenue estimate of $492.92M. In the same quarter a year ago, actual revenue was $414.29MBased on 13 analysts’ estimates, the company’s revenue will be $581.72M in the next fiscal year. The high estimate is $602.62M and the low estimate is $546.9M.
