Accolade Inc (NASDAQ: ACCD) is -71.61% lower on its value in year-to-date trading and has touched a low of $3.08 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 $3.21 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $3.41, the stock is -0.31% and -9.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing 6.23% at the moment leaves the stock -48.65% off its SMA200. ACCD registered -51.77% loss for a year compared to 6-month loss of -52.11%. The firm has a 50-day simple moving average (SMA 50) of $3.7958 and a 200-day simple moving average (SMA200) of $6.6821.
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The stock witnessed a -15.59% gain in the last 1 month and extending the period to 3 months gives it a -6.06%, and is 1.49% 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 5.12% over the week and 5.25% over the month.
Accolade Inc (ACCD) has around 2400 employees, a market worth around $274.63M and $441.03M in sales. Profit margin for the company is -18.16%. Distance from 52-week low is 10.71% and -77.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.23%).
The EPS is expected to grow by 27.94% this year
217.0 institutions hold shares in Accolade Inc (ACCD), with institutional investors hold 83.34% of the company’s shares. The shares outstanding are 78.07M, and float is at 69.12M with Short Float at 7.43%. Institutions hold 80.79% 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 Barnes Stephen H., the company’s Chief Financial Officer. SEC filings show that Barnes Stephen H. sold 458 shares of the company’s common stock on Nov 04 ’24 at a price of $3.15 per share for a total of $1442.0. Following the sale, the insider now owns 0.2 million shares.
Accolade Inc disclosed in a document filed with the SEC on Nov 04 ’24 that Cavanaugh Robert N (President) sold a total of 475 shares of the company’s common stock. The trade occurred on Nov 04 ’24 and was made at $3.15 per share for $1496.0. Following the transaction, the insider now directly holds 0.2 million shares of the ACCD stock.
Still, SEC filings show that on Nov 04 ’24, SINGH RAJEEV (Chief Executive Officer) disposed off 1,545 shares at an average price of $3.15 for $4865.0. The insider now directly holds 794,574 shares of Accolade Inc (ACCD).
