In the last trading session, 1.08 million Accolade Inc (NASDAQ:ACCD) shares changed hands as the company’s beta touched 1.99. With the company’s per share price at $3.38 changed hands at -$0.12 or -3.43% during last session, the market valuation stood at $272.23M. ACCD’s last price was a discount, traded about -354.44% off its 52-week high of $15.36. The share price had its 52-week low at $3.35, which suggests the last value was 0.89% up since then. When we look at Accolade Inc’s average trading volume, we note the 10-day average is 2.11 million shares, with the 3-month average coming to 1.18 million.
Analysts gave the Accolade Inc (ACCD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.56. If we narrow down to specifics, the data shows that 0 out of 13 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended ACCD as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Accolade Inc’s EPS for the current quarter is expected to be -0.33.
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Accolade Inc (NASDAQ:ACCD) trade information
Instantly ACCD was in red as seen at the end of in last trading. With action -7.90%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -71.86%, with the 5-day performance at -7.90% in the red. However, in the 30-day time frame, Accolade Inc (NASDAQ:ACCD) is -14.86% down. Looking at the short shares, we see there were 4.86 million shares sold at short interest cover period of 5.48 days.
The consensus price target for the stock as assigned by Wall Street analysts is 10, meaning bulls need an upside of 66.2% from its current market value. According to analyst projections, ACCD’s forecast low is 5 with 52 as the target high. To hit the forecast high, the stock’s price needs a -1438.46% plunge from its current level, while the stock would need to soar -47.93% for it to hit the projected low.
Accolade Inc (ACCD) estimates and forecasts
Data shows that the Accolade Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -63.30% over the past 6 months, a 30.83% in annual growth rate that is considerably higher than the industry average of 19.20%. Year-over-year growth is forecast to reach 13.30% up from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 106.26M. 12 analysts are of the opinion that Accolade Inc’s revenue for the current quarter will be 142.11M. The estimates for the next quarter sales put growth at 13.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -2.85%. The 2024 estimates are for Accolade Inc earnings to increase by 27.94%, but the outlook for the next 5-year period is at -0.90% per year.
ACCD Dividends
Accolade Inc is expected to release its next quarterly earnings report in November.
Accolade Inc (NASDAQ:ACCD)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.07% of Accolade Inc shares while 81.78% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 84.37%. There are 81.78% institutions holding the Accolade Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 7.8837% of the shares, roughly 6.16 million ACCD shares worth $22.05 million.
ARK INVESTMENT MANAGEMENT LLC holds the second largest percentage of outstanding shares, with 7.2216% or 5.64 million shares worth $20.2 million as of 2024-06-30.
