Accolade Inc (NASDAQ: ACCD) is 0.58% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ACCD stock was last observed hovering at around $3.42 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $3.44, the stock is -1.38% and -1.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.21 million and changing 0.58% at the moment leaves the stock -33.29% off its SMA200. ACCD registered -69.50% loss for a year compared to 6-month loss of -4.71%. The firm has a 50-day simple moving average (SMA 50) of $3.4934 and a 200-day simple moving average (SMA200) of $5.15695.
The stock witnessed a -3.64% gain in the last 1 month and extending the period to 3 months gives it a -6.52%, and is -3.64% down 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 4.56% over the week and 5.09% over the month.
Accolade Inc (ACCD) has around 2400 employees, a market worth around $278.67M and $441.03M in sales. Profit margin for the company is -18.16%. Distance from 52-week low is 11.69% and -77.60% 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 28.51% this year.
Accolade Inc (ACCD) Top Institutional Holders
208.0 institutions hold shares in Accolade Inc (ACCD), with institutional investors hold 86.22% of the company’s shares. The shares outstanding are 80.37M, and float is at 69.11M with Short Float at 4.49%. Institutions hold 83.49% 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
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Still, SEC filings show that on Jan 03 ’25, Barnes Stephen H. (Officer) Proposed Sale 535 shares at an average price of $3.41 for $1823.0. The insider now directly holds shares of Accolade Inc (ACCD).
