Accolade Inc. (NASDAQ:ACCD) saw a downside of -1.52% to close Friday at $12.97 after subtracting -$0.2 on the day. The 5-day average trading volume is 375,120 shares of the company’s common stock. It has gained $14.17 in the past week and touched a new high 1 time within the past 5 days. An average of 423,285 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 612,036.
ACCD’s 1-month performance is -6.08% or -$1.63 on its low of $12.77 reached on 08/18/23. The company’s shares have touched a 52-week low of $6.83 and high of $17.00, with the stock’s rally to the 52-week high happening on 04/27/23. YTD, ACCD has achieved 66.50% or $5.18 and has reached a new high 18 times. However, the current price is down -23.73% from the 52-week high price.
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Insider Transactions
ACCD stock investors last saw insider trading activity on Aug 11.SINGH RAJEEV (Chief Executive Officer) most recently sold 657 shares at $14.05 per share on Aug 11. This transaction cost the insider $9,230. Chief Financial Officer, Barnes Stephen H., sold 223 shares at a price of $14.05 on Aug 11. Then, on Aug 11, President Cavanaugh Robert N sold 217 shares at a price of $14.05 per share. This transaction amounted to $3,049.
Valuation Metrics
ACCD stock has a beta of 1.74. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.69 while the price-to-book (PB) in the most recent quarter is 2.00.
Accolade Inc.’s quick ratio for the period ended May 30 was 3.10, with the current ratio over the same period at 3.10. As well, the company’s long term debt to equity for the quarter ending May 30 was 0.60, while the total debt to equity was 0.60. In terms of profitability, the gross margin trailing 12 months is 44.60%. The trailing 12-month EBITDA margin is -29.78%. The firm’s gross profit as reported stood at $164.24 million against revenue of $363.14 million.
Earnings Surprise
For the quarterly period ending May 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -792.53% to -$38.41 million, while revenue of -$30.43 million was 20.78% off the previous quarter. Analysts expected ACCD to announce -$0.62 per share in earnings in its latest quarter, but it posted -$0.52, representing a 16.10% surprise. EBITDA for the quarter stood at more than -$26.87 million. ACCD stock balance sheet for the quarter ending May 30 shows that total liabilities totaled 421.53 million, with total debt at $315.4 million. Shareholders hold equity totaling $75.63 million.
Let’s look briefly at Accolade Inc. (ACCD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 28.57% to suggest the stock is trending oversold, with historical volatility in this time period at 23.32%.
The stock’s 5-day moving average is $13.48, reflecting a -8.85% or -$1.26 change from its current price. ACCD is currently trading -3.06% above its 20-day SMA, -2.48% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -4.00% and SMA200 by+20.32%.
Stochastic %K and %D was 7.70% and 11.92% and the average true range (ATR) pointed at 0.57. The RSI (14) points at 38.48%, while the 14-day stochastic is at 8.55% with the period’s ATR at 0.61. The stock’s 9-day MACD Oscillator is pointing at -0.71 and -0.95 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Accolade Inc. (NASDAQ: ACCD), BofA Securities upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for ACCD stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ACCD as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 10 have offered a “buy” rating.
What is ACCD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $14.00 and a high of $19.00, with their median price target at $16.50. Looking at these predictions, the average price target given by analysts is for Accolade Inc. (ACCD) stock is $16.23.
