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The closing price of Accolade Inc (NASDAQ: ACCD) was $9.35 for the day, up 1.52% from the previous closing price of $9.21. In other words, the price has increased by $1.52 from its previous closing price. On the day, 0.64 million shares were traded. ACCD stock price reached its highest trading level at $9.67 during the session, while it also had its lowest trading level at $9.06.
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 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 723761088 and an Enterprise Value of 724605056. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.86 while its Price-to-Book (P/B) ratio in mrq is 1.66. Its current Enterprise Value per Revenue stands at 1.865 whereas that against EBITDA is -8.175.
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 -7.08%, while the 200-Day Moving Average is calculated to be -13.77%.
Shares Statistics:
ACCD traded an average of 603.60K shares per day over the past three months and 691510 shares per day over the past ten days. A total of 73.09M shares are outstanding, with a floating share count of 69.68M. Insiders hold about 9.98% of the company’s shares, while institutions hold 79.32% stake in the company. Shares short for ACCD as of 1711584000 were 3207424 with a Short Ratio of 5.31, compared to 1709164800 on 2409281. Therefore, it implies a Short% of Shares Outstanding of 3207424 and a Short% of Float of 4.25.
