Accolade Inc (NASDAQ: ACCD)’s stock price has gone rise by 5.40 in comparison to its previous close of 8.70, however, the company has experienced a 5.65% increase in its stock price over the last five trading days. Seeking Alpha reported 2024-04-05 that I like Accolade’s choice of new partners added year-to-date, as I think the services provided by these partners will be well received by its clients’ employees. ACCD’s latest “Artificial Intelligence Excellence Award” presented by the Business Intelligence Group provides a validation of the potential AI-related tailwinds for the company. A review of Accolade’s most recent developments leaves me bullish on the stock.
Is It Worth Investing in Accolade Inc (NASDAQ: ACCD) Right Now?
Additionally, the 36-month beta value for ACCD is 2.10. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ACCD is 69.68M and currently, short sellers hold a 4.60% ratio of that float. The average trading volume of ACCD on April 19, 2024 was 609.50K shares.
ACCD’s Market Performance
ACCD stock saw a decrease of 5.65% in the past week, with a monthly decline of -4.78% and a quarterly a decrease of -22.81%. The volatility ratio for the week is 6.56%, and the volatility levels for the last 30 days are 4.92% for Accolade Inc (ACCD).. The simple moving average for the past 20 days is -2.01% for ACCD’s stock, with a -15.78% simple moving average for the past 200 days.
Analysts’ Opinion of ACCD
Many brokerage firms have already submitted their reports for ACCD stocks, with Leerink Partners repeating the rating for ACCD by listing it as a “Outperform.” The predicted price for ACCD in the upcoming period, according to Leerink Partners is $16 based on the research report published on February 26, 2024 of the current year 2024.
DA Davidson, on the other hand, stated in their research note that they expect to see ACCD reach a price target of $14, previously predicting the price at $16. The rating they have provided for ACCD stocks is “Neutral” according to the report published on January 17th, 2024.
Barclays gave a rating of “Equal Weight” to ACCD, setting the target price at $13 in the report published on January 03rd of the current year.
ACCD Trading at -10.95% 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 -46.07% of loss for the given period.
Volatility was left at 4.92%, however, over the last 30 days, the volatility rate increased by 6.56%, as shares sank -6.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.35% lower at present.
During the last 5 trading sessions, ACCD rose by +5.65%, which changed the moving average for the period of 200-days by -30.48% in comparison to the 20-day moving average, which settled at $9.33. In addition, Accolade Inc saw -23.65% 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 SINGH RAJEEV, who sale 667 shares at the price of $8.85 back on Apr 11 ’24. After this action, SINGH RAJEEV now owns 746,731 shares of Accolade Inc, valued at $5,902 using the latest closing price.
Barnes Stephen H., the Chief Financial Officer of Accolade Inc, sale 265 shares at $8.85 during a trade that took place back on Apr 11 ’24, which means that Barnes Stephen H. is holding 178,211 shares at $2,345 based on the most recent closing price.
Stock Fundamentals for ACCD
Current profitability levels for the company are sitting at:
- -0.35 for the present operating margin
- 0.45 for the gross margin
The net margin for Accolade Inc stands at -0.32. The total capital return value is set at -0.21. Equity return is now at value -26.66, with -14.45 for asset returns.
Based on Accolade Inc (ACCD), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at -0.1. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is -41.25.
Currently, EBITDA for the company is 182.27 million with net debt to EBITDA at -0.15. When we switch over and look at the enterprise to sales, we see a ratio of 1.86. The receivables turnover for the company is 15.2for trailing twelve months and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.31.
Conclusion
In conclusion, Accolade Inc (ACCD) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
