At the time of writing, Accolade Inc [ACCD] stock is trading at $8.70, up 3.57%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ACCD shares have lost -2.79% over the last week, with a monthly amount drifted -8.71%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Accolade Inc [NASDAQ: ACCD] stock has seen the most recent analyst activity on February 26, 2024, when Leerink Partners initiated its Outperform rating and assigned the stock a price target of $16. On January 03, 2024, Barclays initiated with a Equal Weight rating and assigned a price target of $13 on the stock. BofA Securities upgraded its rating to a Buy but stick to its price target of $16.50 on May 24, 2023. Stephens initiated its recommendation with a Overweight and recommended $18 as its price target on April 12, 2023. Guggenheim upgraded its rating to Buy for this stock on March 23, 2023, but kept the price target unchanged to $16. In a note dated February 09, 2023, Jefferies downgraded an Hold rating on this stock but restated the target price of $14.
For the past year, the stock price of Accolade Inc fluctuated between $6.33 and $17.00. Currently, Wall Street analysts expect the stock to reach $19 within the next 12 months. Accolade Inc [NASDAQ: ACCD] shares were valued at $8.70 at the most recent close of the market. An investor can expect a potential return of 118.39% based on the average ACCD price forecast.
Analyzing the ACCD fundamentals
According to Accolade Inc [NASDAQ:ACCD], the company’s sales were 388.49M for trailing twelve months, which represents an 9.26% jump. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at -0.35%, Pretax Profit Margin comes in at -0.31%, and Net Profit Margin reading is -0.32%. To continue investigating profitability, this company’s Return on Assets is posted at -0.16, Equity is -0.27 and Total Capital is -0.21. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.56.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.47 points at the first support level, and at 8.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.86, and for the 2nd resistance point, it is at 9.03.
Ratios To Look Out For
It is important to note that Accolade Inc [NASDAQ:ACCD] has a current ratio of 2.31. As well, the Quick Ratio is 2.31, while the Cash Ratio is 1.99. Considering the valuation of this stock, the price to sales ratio is 1.73, the price to book ratio is 1.54.
Transactions by insiders
Recent insider trading involved SINGH RAJEEV, Chief Executive Officer, that happened on Apr 11 ’24 when 667.0 shares were sold. Chief Financial Officer, Barnes Stephen H. completed a deal on Apr 11 ’24 to sell 265.0 shares. Meanwhile, President Cavanaugh Robert N sold 253.0 shares on Apr 11 ’24.
