We Analyzed the Future Direction of Accolade Inc. (ACCD), Here is What We Found – News Heater
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We Analyzed the Future Direction of Accolade Inc. (ACCD), Here is What We Found

Accolade Inc. (NASDAQ:ACCD) went up by 10.17% from its latest closing price compared to the recent 1-year high of $55.47. The company’s stock price has collected 16.58% of gains in the last five trading sessions. Barron’s reported on 05/02/22 that Accolade Stock Rebounds. It’s Upgraded on More Balanced Risk-Reward.

Is It Worth Investing in Accolade Inc. (NASDAQ :ACCD) Right Now?

Opinions of the stock are interesting as 8 analysts out of 16 who provided ratings for Accolade Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 7 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $11.15, which is $6.25 above the current price. ACCD currently public float of 64.51M and currently shorts hold a 6.36% ratio of that float. Today, the average trading volume of ACCD was 1.81M shares.

ACCD’s Market Performance

ACCD stocks went up by 16.58% for the week, with a monthly jump of 8.18% and a quarterly performance of -61.16%, while its annual performance rate touched -87.83%. The volatility ratio for the week stands at 10.59% while the volatility levels for the past 30 days are set at 9.06% for Accolade Inc. The simple moving average for the period of the last 20 days is 8.02% for ACCD stocks with a simple moving average of -71.15% for the last 200 days.

Analysts’ Opinion of ACCD

Many brokerage firms have already submitted their reports for ACCD stocks, with Wells Fargo repeating the rating for ACCD by listing it as a “Equal Weight.” The predicted price for ACCD in the upcoming period, according to Wells Fargo is $6 based on the research report published on May 02nd of the current year 2022.

SVB Leerink, on the other hand, stated in their research note that they expect to see ACCD reach a price target of $8, previously predicting the price at $32. The rating they have provided for ACCD stocks is “Mkt Perform” according to the report published on April 29th, 2022.

Morgan Stanley gave a rating of “Equal-Weight” to ACCD, setting the target price at $9 in the report published on April 29th of the current year.

ACCD Trading at -17.33% from the 50-Day Moving Average

After a stumble in the market that brought ACCD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -88.08% of loss for the given period.

Volatility was left at 9.06%, however, over the last 30 days, the volatility rate increased by 10.59%, as shares surge +7.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -57.11% lower at present.

During the last 5 trading sessions, ACCD rose by +16.58%, which changed the moving average for the period of 200-days by -86.06% in comparison to the 20-day moving average, which settled at $6.14. In addition, Accolade Inc. saw -74.92% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ACCD starting from Barnes Stephen H., who sale 1,352 shares at the price of $5.66 back on Jun 17. After this action, Barnes Stephen H. now owns 71,189 shares of Accolade Inc., valued at $7,652 using the latest closing price.

Cavanaugh Robert N, the President of Accolade Inc., sale 1,759 shares at $5.66 during a trade that took place back on Jun 17, which means that Cavanaugh Robert N is holding 142,334 shares at $9,955 based on the most recent closing price.

Stock Fundamentals for ACCD

Current profitability levels for the company are sitting at:

  • -50.94 for the present operating margin
  • +31.74 for the gross margin

The net margin for Accolade Inc. stands at -39.71. Equity return is now at value -17.50, with -10.50 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 3.63.