Accolade Inc (NASDAQ: ACCD) is 101.17% higher on its value in year-to-date trading and has touched a low of $3.08 and a high of $13.93 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 $6.88 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $6.88, the stock is 17.86% and 53.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.29 million and changing 0.00% at the moment leaves the stock 40.24% off its SMA200. ACCD registered -43.37% loss for a year compared to 6-month loss of 72.00%. The firm has a 50-day simple moving average (SMA 50) of $4.4113 and a 200-day simple moving average (SMA200) of $4.914875.
The stock witnessed a 92.72% gain in the last 1 month and extending the period to 3 months gives it a 115.67%, and is -0.15% 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 0.48% over the week and 2.29% over the month.
Accolade Inc (ACCD) has around 2400 employees, a market worth around $561.95M and $446.72M in sales. Profit margin for the company is -40.36%. Distance from 52-week low is 123.38% and -50.61% from its 52-week high. The company has generated returns on investments over the last 12 months (-33.17%).
with sales reaching $142.73M over the same period.The EPS is expected to shrink by -3.21% this year, but quarterly earnings will post 12.04% year-over-year. Quarterly sales are estimated to grow 14.34% in year-over-year returns.
207.0 institutions hold shares in Accolade Inc (ACCD), with institutional investors hold 84.96% of the company’s shares. The shares outstanding are 81.19M, and float is at 70.00M with Short Float at 4.76%. Institutions hold 82.30% 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 Cavanaugh Robert N, the company’s President. SEC filings show that Cavanaugh Robert N sold 186 shares of the company’s common stock on Jan 17 ’25 at a price of $6.86 per share for a total of $1276.0. Following the sale, the insider now owns 0.22 million shares.
Accolade Inc disclosed in a document filed with the SEC on Jan 17 ’25 that SINGH RAJEEV (Chief Executive Officer) sold a total of 309 shares of the company’s common stock. The trade occurred on Jan 17 ’25 and was made at $6.86 per share for $2119.0. Following the transaction, the insider now directly holds 0.82 million shares of the ACCD stock.
Still, SEC filings show that on Jan 17 ’25, Barnes Stephen H. (Chief Financial Officer) disposed off 154 shares at an average price of $6.86 for $1056.0. The insider now directly holds 222,244 shares of Accolade Inc (ACCD).
