Accolade Inc (NASDAQ:ACCD) price on Friday, December 27, fall -0.84% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.54.
A look at the stock’s price movement, the close in the last trading session was $3.57, moving within a range at $3.44 and $3.65. The beta value (5-Year monthly) was 2.016. Turning to its 52-week performance, $15.36 and $3.08 were the 52-week high and 52-week low respectively. Overall, ACCD moved -6.10% over the past month.
Accolade Inc’s market cap currently stands at around $285.10 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 106M for the company’s revenue for the quarter, with a low and high estimate of 105.53M and 106.8M respectively. The average forecast suggests up to a 6.67% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 465.6M, representing a 12.38% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ACCD is a 25% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
13 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 8 recommend ACCD as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ACCD’s current price about 0.01% and 1.28% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.70, while 7-day volatility ratio is 5.96% and 5.15% in the 30-day chart. Further, Accolade Inc (ACCD) has a beta value of 2.07, and an average true range (ATR) of 0.19. Analysts have given the company’s stock an average 52-week price target of $8, forecast between a low of $5 and high of $13. Looking at the price targets, the low is -41.24% off current price level while to achieve the yearly target high, price needs to move -267.23%. Nonetheless, investors will most likely welcome a -125.99% jump to $8 which is the analysts’ median price.
If we refocus on Accolade Inc (NASDAQ:ACCD), historical trading data shows that trading volumes averaged 1.01 over the past 10 days and 1.34 million over the past 3 months. The company’s latest data on shares outstanding shows there are 80.37 million shares.
The 14.18% of Accolade Inc’s shares are in the hands of company insiders while institutional holders own 73.68% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.14 million on 2024-11-29, giving us a short ratio of 2.59. The data shows that as of 2024-11-29 short interest in Accolade Inc (ACCD) stood at 401.99999999999994 of shares outstanding, with shares short falling to 4.86 million registered in 2024-10-31. Current price change has pushed the stock -70.52% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ACCD stock continues to rise going into the next quarter.
