Accolade Inc [ACCD] stock prices are up 4.40% to $3.56 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ACCD shares have gain 12.30% over the last week, with a monthly amount drifted -8.72%, 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.
The stock price of Accolade Inc [ACCD] has been fluctuating between $3.08 and $15.36 over the past year. Currently, Wall Street analysts expect the stock to reach $14.81 within the next 12 months. Accolade Inc [NASDAQ: ACCD] shares were valued at $3.56 at the most recent close of the market. An investor can expect a potential return of 316.01% based on the average ACCD price forecast.
Analyzing the ACCD fundamentals
The Accolade Inc [NASDAQ:ACCD] reported sales of 441.03M for trailing twelve months, representing a surge of 9.80%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.51.
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 3.42 points at the first support level, and at 3.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.65, and for the 2nd resistance point, it is at 3.75.
Ratios To Look Out For
It’s worth pointing out that Accolade Inc [NASDAQ:ACCD]’s Current Ratio is 2.68. As well, the Quick Ratio is 2.68, while the Cash Ratio is 1.72. Considering the valuation of this stock, the price to sales ratio is 0.65, the price to book ratio is 0.68.
Transactions by insiders
Recent insider trading involved Barnes Stephen H., Chief Financial Officer, that happened on Nov 04 ’24 when 458.0 shares were sold. President, Cavanaugh Robert N completed a deal on Nov 04 ’24 to sell 475.0 shares. Meanwhile, Chief Executive Officer SINGH RAJEEV sold 1545.0 shares on Nov 04 ’24.
