Market Momentum: Accolade Inc (ACCD) Registers a 1.69 Increase, Closing at 3.61

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Accolade Inc (NASDAQ: ACCD) closed the day trading at $3.61 up 1.69% from the previous closing price of $3.55. In other words, the price has increased by $1.69 from its previous closing price. On the day, 1.43 million shares were traded. ACCD stock price reached its highest trading level at $3.65 during the session, while it also had its lowest trading level at $3.52.

Ratios:

For a better understanding of ACCD, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.75 and its Current Ratio is at 2.75. In the meantime, Its Debt-to-Equity ratio is 0.55 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, Needham on June 28, 2024, Reiterated its Buy rating but revised its target price to $8 from $13 previously.

On February 26, 2024, Leerink Partners started tracking the stock assigning a Outperform rating and target price of $16.

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 Jul 02 ’24 when SINGH RAJEEV sold 1,517 shares for $3.54 per share. The transaction valued at 5,372 led to the insider holds 779,471 shares of the business.

McHugh Colin sold 523 shares of ACCD for $1,852 on Jul 02 ’24. The Chief Accounting Officer now owns 51,187 shares after completing the transaction at $3.54 per share. On Jul 02 ’24, another insider, Cavanaugh Robert N, who serves as the President of the company, sold 457 shares for $3.54 each. As a result, the insider received 1,618 and left with 190,874 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 288830304 and an Enterprise Value of 298785248. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.67 while its Price-to-Book (P/B) ratio in mrq is 0.65. Its current Enterprise Value per Revenue stands at 0.692 whereas that against EBITDA is -4.74.

Stock Price History:

The Beta on a monthly basis for ACCD is 2.00, which has changed by -0.71708465 over the last 52 weeks, in comparison to a change of 0.26253593 over the same period for the S&P500. Over the past 52 weeks, ACCD has reached a high of $15.36, while it has fallen to a 52-week low of $3.48. The 50-Day Moving Average of the stock is -47.29%, while the 200-Day Moving Average is calculated to be -60.57%.

Shares Statistics:

Over the past 3-months, ACCD traded about 1.14M shares per day on average, while over the past 10 days, ACCD traded about 3749440 shares per day. A total of 78.07M shares are outstanding, with a floating share count of 69.62M. Insiders hold about 12.98% of the company’s shares, while institutions hold 74.79% stake in the company. Shares short for ACCD as of 1718323200 were 3595268 with a Short Ratio of 3.15, compared to 1715731200 on 3444616. Therefore, it implies a Short% of Shares Outstanding of 3595268 and a Short% of Float of 4.6899999999999995.

Earnings Estimates

Investors are keenly observing as 14.0 analysts analyze and rate the current performance of Accolade Inc (ACCD) in the stock market.On average, analysts expect EPS of -$0.44 for the current quarter, with a high estimate of -$0.4 and a low estimate of -$0.51, while EPS last year was -$0.43. The consensus estimate for the next quarter is -$0.32, with high estimates of -$0.26 and low estimates of -$0.39.

Analysts are recommending an EPS of between -$0.97 and -$1.41 for the fiscal current year, implying an average EPS of -$1.11. EPS for the following year is -$0.98, with 14.0 analysts recommending between -$0.78 and -$1.5.

Revenue Estimates

For the next quarter, 14 analysts are estimating revenue of $110.21M. There is a high estimate of $112.8M for the next quarter, whereas the lowest estimate is $107.6M.

A total of 17 analysts have provided revenue estimates for ACCD’s current fiscal year. The highest revenue estimate was $470M, while the lowest revenue estimate was $462.3M, resulting in an average revenue estimate of $466.84M. In the same quarter a year ago, actual revenue was $414.29MBased on 17 analysts’ estimates, the company’s revenue will be $529.66M in the next fiscal year. The high estimate is $541M and the low estimate is $516M.

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