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The price of Accolade Inc (NASDAQ: ACCD) closed at $3.50 in the last session, down -2.23% from day before closing price of $3.58. In other words, the price has decreased by -$2.23 from its previous closing price. On the day, 1.29 million shares were traded. ACCD stock price reached its highest trading level at $3.665 during the session, while it also had its lowest trading level at $3.47.
Ratios:
We take a closer look at ACCD’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.68 and its Current Ratio is at 2.68. In the meantime, Its Debt-to-Equity ratio is 0.56 whereas as Long-Term Debt/Eq ratio is at 0.55.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Oct 17 ’24 when SINGH RAJEEV sold 385 shares for $3.67 per share. The transaction valued at 1,413 led to the insider holds 792,333 shares of the business.
Cavanaugh Robert N sold 157 shares of ACCD for $576 on Oct 17 ’24. The President now owns 197,555 shares after completing the transaction at $3.67 per share. On Oct 17 ’24, another insider, Barnes Stephen H., who serves as the Chief Financial Officer of the company, sold 122 shares for $3.67 each. As a result, the insider received 448 and left with 203,341 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 281879872 and an Enterprise Value of 286337792. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.64 while its Price-to-Book (P/B) ratio in mrq is 0.66. Its current Enterprise Value per Revenue stands at 0.649 whereas that against EBITDA is -5.34.
Stock Price History:
Over the past 52 weeks, ACCD has reached a high of $15.36, while it has fallen to a 52-week low of $3.35. The 50-Day Moving Average of the stock is -12.61%, while the 200-Day Moving Average is calculated to be -51.75%.
Shares Statistics:
According to the various share statistics, ACCD traded on average about 1.19M shares per day over the past 3-months and 2411540 shares per day over the past 10 days. A total of 78.07M shares are outstanding, with a floating share count of 69.12M. Insiders hold about 14.18% of the company’s shares, while institutions hold 71.52% stake in the company. Shares short for ACCD as of 1727654400 were 4859444 with a Short Ratio of 4.08, compared to 1724976000 on 4239349. Therefore, it implies a Short% of Shares Outstanding of 4859444 and a Short% of Float of 6.21.
