At the time of writing, Accolade Inc [ACCD] stock is trading at $3.36, up 1.82%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ACCD shares have gain 5.00% over the last week, with a monthly amount drifted -10.40%, 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 June 28, 2024, when Needham reiterated its Buy rating and also revised its price target to $8 from $13. Previously, Leerink Partners started tracking the stock with Outperform rating on February 26, 2024, and set its price target to $16. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $13 on January 03, 2024. BofA Securities upgraded its rating to a Buy but $16.50 remained the price target by the analyst firm on May 24, 2023. Stephens started tracking with a Overweight rating for this stock on April 12, 2023, and assigned it a price target of $18. In a note dated March 23, 2023, Guggenheim upgraded an Buy rating on this stock but restated the target price of $16.
For the past year, the stock price of Accolade Inc fluctuated between $3.13 and $15.36. Currently, Wall Street analysts expect the stock to reach $14.81 within the next 12 months. Accolade Inc [NASDAQ: ACCD] shares were valued at $3.36 at the most recent close of the market. An investor can expect a potential return of 340.77% based on the average ACCD price forecast.
Analyzing the ACCD fundamentals
According to Accolade Inc [NASDAQ:ACCD], the company’s sales were 441.03M for trailing twelve months, which represents an 9.80% jump. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at -0.21%, Pretax Profit Margin comes in at -0.18%, and Net Profit Margin reading is -0.18%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.18 and Total Capital is -0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.51.
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 3.27 points at the first support level, and at 3.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.43, and for the 2nd resistance point, it is at 3.49.
Ratios To Look Out For
It is important to note that Accolade Inc [NASDAQ:ACCD] has a current ratio of 2.68. Further, the Quick Ratio stands at 2.68, while the Cash Ratio is 1.72. Considering the valuation of this stock, the price to sales ratio is 0.61, the price to book ratio is 0.64.
Transactions by insiders
Recent insider trading involved SINGH RAJEEV, Chief Executive Officer, that happened on Oct 17 ’24 when 385.0 shares were sold. President, Cavanaugh Robert N completed a deal on Oct 17 ’24 to sell 157.0 shares. Meanwhile, Chief Financial Officer Barnes Stephen H. sold 122.0 shares on Oct 17 ’24.
