Accolade Inc (NASDAQ:ACCD) has a beta value of 2.01 and has seen 1.06 million shares traded in the last trading session. The company, currently valued at $258.52M, closed the last trade at $3.21 per share which meant it gained $0.06 on the day or 1.90% during that session. The ACCD stock price is -378.5% off its 52-week high price of $15.36 and 4.05% above the 52-week low of $3.08. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.24 million shares traded. The 3-month trading volume is 1.19 million shares.
The consensus among analysts is that Accolade Inc (ACCD) is Buy stock at the moment, with a recommendation rating of 1.56. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 13 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.32.
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Accolade Inc (NASDAQ:ACCD) trade information
Sporting 1.90% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ACCD stock price touched $3.21 or saw a rise of 5.59%. Year-to-date, Accolade Inc shares have moved -73.27%, while the 5-day performance has seen it change -2.73%. Over the past 30 days, the shares of Accolade Inc (NASDAQ:ACCD) have changed -19.14%. Short interest in the company has seen 5.13 million shares shorted with days to cover at 3.4.
Wall Street analysts have a consensus price target for the stock at $10, which means that the shares’ value could jump 67.9% from current levels. The projected low price target is $5.0 while the price target rests at a high of $52.0. In that case, then, we find that the current price level is -1519.94% off the targeted high while a plunge would see the stock gain -55.76% from current levels.
Accolade Inc (ACCD) estimates and forecasts
Figures show that Accolade Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -56.85% over the past 6 months, with this year growth rate of 30.83%, compared to 19.20% for the industry. Revenue growth from the last financial year stood is estimated to be 13.30%.
12 analysts offering their estimates for the company have set an average revenue estimate of 106M for the current quarter. 12 have an estimated revenue figure of 142.43M for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -2.85% over the past 5 years. Earnings growth for 2024 is a modest 27.94% while over the next 5 years, the company’s earnings are expected to decrease by -0.90%.
ACCD Dividends
Accolade Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Accolade Inc (NASDAQ:ACCD)’s Major holders
Insiders own 3.07% of the company shares, while shares held by institutions stand at 80.88% with a share float percentage of 83.44%. Investors are also buoyed by the number of investors in a company, with Accolade Inc having a total of 218.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 6.16 million shares worth more than $22.05 million. As of 2024-06-30, BLACKROCK INC. held 7.8837% of shares outstanding.
The other major institutional holder is ARK INVESTMENT MANAGEMENT LLC, with the holding of over 5.64 million shares as of 2024-06-30. The firm’s total holdings are worth over $20.2 million and represent 7.2216% of shares outstanding.
