Accolade Inc (NASDAQ: ACCD) is -66.36% lower on its value in year-to-date trading and has touched a low of $3.35 and a high of $15.36 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ACCD stock was last observed hovering at around $3.97 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $4.04, the stock is 2.23% and 0.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.03 million and changing 1.76% at the moment leaves the stock -46.73% off its SMA200. ACCD registered -50.73% loss for a year compared to 6-month loss of -57.92%. The firm has a 50-day simple moving average (SMA 50) of $4.0142 and a 200-day simple moving average (SMA200) of $7.58425.
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The stock witnessed a -0.25% gain in the last 1 month and extending the period to 3 months gives it a 17.10%, and is 7.73% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.49% over the week and 5.40% over the month.
Accolade Inc (ACCD) has around 2400 employees, a market worth around $323.24M and $431.53M in sales. Profit margin for the company is -20.62%. Distance from 52-week low is 20.60% and -73.70% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.31%).
The EPS is expected to grow by 27.07% this year.
Accolade Inc (ACCD) Top Institutional Holders
220.0 institutions hold shares in Accolade Inc (ACCD), with institutional investors hold 86.09% of the company’s shares. The shares outstanding are 78.07M, and float is at 68.67M with Short Float at 6.60%. Institutions hold 83.40% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 6.16 million shares valued at $22.05 million. The investor’s holdings represent 7.8837% of the ACCD Shares outstanding. As of 2024-06-30, the second largest holder is ARK INVESTMENT MANAGEMENT LLC with 5.64 million shares valued at $20.2 million to account for 7.2216 of the shares outstanding. The other top investors are BROWN ADVISORY INC which holds 5.45 million shares representing 6.9784% and valued at over $19.52 million, while AH CAPITAL MANAGEMENT, L.L.C. holds 6.9108 of the shares totaling 5.4 million with a market value of $19.33 million.
Accolade Inc (ACCD) Insider Activity
The most recent transaction is an insider sale by McHugh Colin, the company’s Chief Accounting Officer. SEC filings show that McHugh Colin sold 448 shares of the company’s common stock on Oct 02 ’24 at a price of $3.70 per share for a total of $1659.0. Following the sale, the insider now owns 54441.0 shares.
Accolade Inc disclosed in a document filed with the SEC on Oct 02 ’24 that Barnes Stephen H. (Chief Financial Officer) sold a total of 456 shares of the company’s common stock. The trade occurred on Oct 02 ’24 and was made at $3.70 per share for $1689.0. Following the transaction, the insider now directly holds 0.2 million shares of the ACCD stock.
Still, SEC filings show that on Oct 02 ’24, Eskew Richard (EVP General Counsel) disposed off 334 shares at an average price of $3.70 for $1237.0. The insider now directly holds 51,706 shares of Accolade Inc (ACCD).
