In the latest session, Accolade Inc (NASDAQ: ACCD) closed at $9.25 down -1.18% from its previous closing price of $9.36. In other words, the price has decreased by -$0.11 from its previous closing price. On the day, 589339 shares were traded.
Ratios:
For a deeper understanding of Accolade Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 716.02M and an Enterprise Value of 727.70M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.84 while its Price-to-Book (P/B) ratio in mrq is 1.64. Its current Enterprise Value per Revenue stands at 1.87 whereas that against EBITDA is -7.89.
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 10.91, while the 200-Day Moving Average is calculated to be 11.09.
Shares Statistics:
For the past three months, ACCD has traded an average of 741.37K shares per day and 497.62k over the past ten days. A total of 73.09M shares are outstanding, with a floating share count of 69.69M. Insiders hold about 9.97% of the company’s shares, while institutions hold 78.73% stake in the company. Shares short for ACCD as of Mar 15, 2024 were 2.78M with a Short Ratio of 3.75, 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
There are 13 different market analysts currently analyzing its stock. 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
A total of 15 analysts believe the company’s revenue will be $123.91M this 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.
