In recent trading session today, 3.91 million shares of the Accolade Inc (NASDAQ:ACCD) have been traded, and its beta is 1.97. Most recently the company’s share price was $3.95, and it changed around -$0.02 or -0.38% from the last close, which brings the market valuation of the company to $316.44M. ACCD at last check was trading at a discount to its 52-week high of $15.36, offering almost -288.86% off that amount. The share price’s 52-week low was $3.35, which indicates that the recent value has risen by an impressive 15.19% since then. We note from Accolade Inc’s average daily trading volume that its 10-day average is 1.16 million shares, with the 3-month average coming to 1.17 million.
Accolade Inc stock received a consensus recommendation rating of Hold, based on a mean score of 1.25. If we narrow it down even further, the data shows that 0 out of 17 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 6 recommended ACCD as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Accolade Inc is expected to report earnings per share of -0.44 for the current quarter.
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Accolade Inc (NASDAQ:ACCD) trade information
Instantly ACCD has been showing red trend so far today with a performance of -0.38% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.55 on recent trading dayincreased the stock’s daily price by 13.19%. The company’s shares are currently down -67.07% year-to-date, but still up 5.47% over the last five days. On the other hand, Accolade Inc (NASDAQ:ACCD) is -2.35% down in the 30-day period. We can see from the shorts that 4.53 million shares have been sold at a short interest cover period of 5.34 day(s).
The consensus price target as assigned by Wall Street analysts is $10, which translates to bulls needing to increase their stock price by 60.5% from its current value. Analyst projections state that ACCD is forecast to be at a low of $5 and a high of $52.
Accolade Inc (ACCD) estimates and forecasts
Accolade Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -58.80 percent over the past six months and at a 17.29% annual growth rate that is well below the industry average of 17.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -2.30% in revenue this quarter, and will report a decrease of -14.30% in the next quarter. The year-over-year growth rate is expected to be 12.70%, up from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 105.01M in revenue for the current quarter. 13 analysts expect Accolade Inc to make 110.16M in revenue for the current ending quarter.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -2.85%. Accolade Inc earnings are expected to increase by 20.49% in 2024, but the outlook is negative -0.90% per year for the next five years.
ACCD Dividends
Accolade Inc’s next quarterly earnings report is expected to be released on 2024-Oct-08.
Accolade Inc (NASDAQ:ACCD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.13% of Accolade Inc shares, and 83.40% of them are in the hands of institutional investors. The stock currently has a share float of 86.09%. Accolade Inc stock is held by 220.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 7.8837% of the shares, which is about 6.16 million shares worth $22.05 million.
ARK INVESTMENT MANAGEMENT LLC, with 7.2216% or 5.64 million shares worth $20.2 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
