Additionally, the 36-month beta value for ACCD is 2.13. 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 70.53M and currently, short sellers hold a 4.46% ratio of that float. The average trading volume of ACCD on May 10, 2024 was 650.20K shares.
ACCD) stock’s latest price update
Accolade Inc (NASDAQ: ACCD) has seen a rise in its stock price by 2.39 in relation to its previous close of 7.12. However, the company has experienced a 0.41% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-25 that Accolade, Inc. (NASDAQ:ACCD ) Q4 2024 Earnings Conference Call April 25, 2024 4:30 PM ET Company Participants Todd Friedman – Senior Vice President of Investor Relations Rajeev Singh – Chief Executive Officer Steve Barnes – Chief Financial Officer Conference Call Participants Jailendra Singh – Trust Securities Stephanie Davis – Barclays Ryan Daniels – William Blair Michael Cherny – Leerink Partners Richard Close – Canaccord Genuity Craig Hettenbach – Morgan Stanley Jeff Garro – Stephens Ryan MacDonald – Needham & Company Jessica Tassan – Piper Sandler David Larsen – BTIG Stanislav Berenshteyn – Wells Fargo Operator Hello and thank you for standing by. Welcome to Accolade Fourth Quarter 2024 Earnings Results Conference Call.
ACCD’s Market Performance
Accolade Inc (ACCD) has seen a 0.41% rise in stock performance for the week, with a -18.55% decline in the past month and a -45.23% plunge in the past quarter. The volatility ratio for the week is 5.83%, and the volatility levels for the past 30 days are at 6.32% for ACCD. The simple moving average for the last 20 days is -12.23% for ACCD stock, with a simple moving average of -30.64% for the last 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 -19.90% 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 -52.54% of loss for the given period.
Volatility was left at 6.32%, however, over the last 30 days, the volatility rate increased by 5.83%, as shares sank -16.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.51% lower at present.
During the last 5 trading sessions, ACCD rose by +0.41%, which changed the moving average for the period of 200-days by -45.96% in comparison to the 20-day moving average, which settled at $8.24. In addition, Accolade Inc saw -39.30% 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 Eskew Richard, who sale 462 shares at the price of $7.28 back on May 02 ’24. After this action, Eskew Richard now owns 40,177 shares of Accolade Inc, valued at $3,364 using the latest closing price.
McHugh Colin, the Chief Accounting Officer of Accolade Inc, sale 424 shares at $7.28 during a trade that took place back on May 02 ’24, which means that McHugh Colin is holding 37,822 shares at $3,087 based on the most recent closing price.
Stock Fundamentals for ACCD
Current profitability levels for the company are sitting at:
- -0.28 for the present operating margin
- 0.43 for the gross margin
The net margin for Accolade Inc stands at -0.24. The total capital return value is set at -0.17. Equity return is now at value -21.71, with -11.80 for asset returns.
Based on Accolade Inc (ACCD), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at -0.08. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is -19.23.
Currently, EBITDA for the company is -62.99 million with net debt to EBITDA at -1.0. When we switch over and look at the enterprise to sales, we see a ratio of 1.51. The receivables turnover for the company is 14.96for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.60.
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.
