Stock Market Recap: Accolade Inc (ACCD) Concludes at 5.96, a -3.09 Surge/Decline

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After finishing at $6.15 in the prior trading day, Accolade Inc (NASDAQ: ACCD) closed at $5.96, down -3.09%. In other words, the price has decreased by -$3.09 from its previous closing price. On the day, 1.07 million shares were traded. ACCD stock price reached its highest trading level at $6.2 during the session, while it also had its lowest trading level at $5.88.

Ratios:

Our goal is to gain a better understanding of ACCD by taking a closer look at its different ratios. 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:

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 Jun 18 ’24 when SINGH RAJEEV sold 379 shares for $6.13 per share. The transaction valued at 2,323 led to the insider holds 777,203 shares of the business.

Cavanaugh Robert N sold 155 shares of ACCD for $950 on Jun 18 ’24. The President now owns 189,763 shares after completing the transaction at $6.13 per share. On Jun 18 ’24, another insider, Barnes Stephen H., who serves as the Chief Financial Officer of the company, sold 121 shares for $6.13 each. As a result, the insider received 742 and left with 195,517 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 467007104 and an Enterprise Value of 471622176. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.13 while its Price-to-Book (P/B) ratio in mrq is 1.04. Its current Enterprise Value per Revenue stands at 1.138 whereas that against EBITDA is -6.625.

Stock Price History:

The Beta on a monthly basis for ACCD is 2.06, which has changed by -0.52922595 over the last 52 weeks, in comparison to a change of 0.2586832 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 $6.07. The 50-Day Moving Average of the stock is -21.62%, while the 200-Day Moving Average is calculated to be -37.58%.

Shares Statistics:

The stock has traded on average 629.77K shares per day over the past 3-months and 664060 shares per day over the last 10 days, according to various share statistics. A total of 78.07M shares are outstanding, with a floating share count of 68.14M. Insiders hold about 13.03% of the company’s shares, while institutions hold 76.55% stake in the company. Shares short for ACCD as of 1715731200 were 3444616 with a Short Ratio of 6.11, compared to 1713139200 on 3144531. Therefore, it implies a Short% of Shares Outstanding of 3444616 and a Short% of Float of 4.5100003.

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