Accolade Inc (ACCD) concluded trading on Wednesday at a closing price of $3.55, with 2.75 million shares of worth about $9.77 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -70.69% during that period and on Wednesday the price saw a gain of about 0.57%. Currently the company’s common shares owned by public are about 78.07M shares, out of which, 69.62M shares are available for trading.
Stock saw a price change of -42.09% in past 5 days and over the past one month there was a price change of -47.56%. Year-to-date (YTD), ACCD shares are showing a performance of -70.44% which decreased to -73.09% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.48 but also hit the highest price of $15.36 during that period. The average intraday trading volume for Accolade Inc shares is 1.11 million. The stock is currently trading -40.31% below its 20-day simple moving average (SMA20), while that difference is down -49.01% for SMA50 and it goes to -61.41% lower than SMA200.
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Accolade Inc (NASDAQ: ACCD) currently have 78.07M outstanding shares and institutions hold larger chunk of about 74.79% of that.
The stock has a current market capitalization of $284.04M and its 3Y-monthly beta is at 2.00. It has posted earnings per share of -$1.16 in the same period. It has Quick Ratio of 2.75 while making debt-to-equity ratio of 0.55. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ACCD, volatility over the week remained 9.01% while standing at 5.34% over the month.
Analysts are in expectations that Accolade Inc (ACCD) stock would likely to be making an EPS of -0.44 in the current quarter, while forecast for next quarter EPS is -0.33 and it is -1.02 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.51 which is -0.4 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -0.43 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 15.65% while it is estimated to increase by 12.20% in next year. EPS is likely to grow at an annualized rate of -0.90% for next 5-years, compared to annual growth of -2.85% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Needham on June 28, 2024 offering a Buy rating for the stock and assigned a target price range of between $13 and $8 to it. Coverage by Leerink Partners stated Accolade Inc (ACCD) stock as an Outperform in their note to investors on February 26, 2024, suggesting a price target of $16 for the stock. On January 17, 2024, DA Davidson Resumed their recommendations, while on January 03, 2024, Barclays Initiated their ratings for the stock with a price target of $13. Stock get a Buy rating from BofA Securities on May 24, 2023.
