Accolade Inc (NASDAQ:ACCD) traded at $6.88 at close of the session on Tuesday, January 28 and made a downward move of -0.29% on its previous day’s price.
Looking at the stock we see that its previous close was $6.90 and the beta (5Y monthly) reads 2.016 with the day’s price range being $6.87 – $6.905. In terms of its 52-week price range, ACCD has a high of $13.93 and a low of $3.08. The company’s stock has gained about 102.35% over that past 30 days.
Accolade Inc has a market cap of $561.95 million and is expected to release its quarterly earnings report in February.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 142.73M, with a low of 138.1M and a high of 145.5M. The median projection represents growth squeezing down to 14.34% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 464.18M, or 12.04% up from figures reported last year.
On the other hand, looking at the outlook for the ACCD stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 50% Buy.
Based on estimates by 13 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the Accolade Inc (ACCD) stock as a Hold, while 8 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 21.34% off its SMA20 and 55.96% from its 50-day simple moving average. The RSI (14) is pointing at 86.33 while the volatility over the past week is 0.52% and jumps to 2.68% over the past one month. The beta value is 2.16, while the average true range (ATR) is currently pointing at 0.20. The average price target for the stock over the next 12 months is $7.03, with the estimates having a low of $7.03 and a high of $7.03. These price ends are -2.18% and -2.18% off the current price level respectively, although investors could be excited at the prospect of a -2.18% if the ACCD share price touches on the median price of $7.03.
Coming back to Accolade Inc (NASDAQ:ACCD), we note that the average 3-month trading volume was 1.91 million, while that of the preceding 10-day period stands at 2.58 million. Current shares outstanding are 81.19 million.
The insiders hold 14.29% of the company’s shares while institutions hold 79.03%. The data shows that short shares as of 2024-12-13, stood at 3.11 million at a short ratio of 2.83. This represents a 397.00 short interest in shares outstanding on 2024-12-13. Shares short fall in December from the previous month at 3.64 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 101.17% up in year-to-date price movement.
