Accolade Inc [NASDAQ: ACCD] gained 1.76% or 0.07 points to close at $4.04 with a heavy trading volume of 8030480 shares.
The daily chart for ACCD points out that the company has recorded -57.92% loss over the past six months.
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If we look at the average trading volume of 1.17M shares, ACCD reached to a volume of 8030480 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Accolade Inc [ACCD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ACCD shares is $8.22 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ACCD stock is a recommendation set at 1.43. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Needham have made an estimate for Accolade Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 28, 2024. While these analysts kept the previous recommendation, Leerink Partners raised their target price to Outperform. The new note on the price target was released on February 26, 2024, representing the official price target for Accolade Inc stock. Previously, the target price had yet another drop from $16 to $14, while DA Davidson kept a Neutral rating on ACCD stock.
The Average True Range (ATR) for Accolade Inc is set at 0.24, with the Price to Sales ratio for ACCD stock in the period of the last 12 months amounting to 0.75. The Price to Book ratio for the last quarter was 0.73, with the Price to Cash per share for the same quarter was set at 2.88.
Trading performance analysis for ACCD stock
Accolade Inc [ACCD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.73. With this latest performance, ACCD shares dropped by -0.25% in over the last four-week period, additionally sinking by -57.92% over the last 6 months – not to mention a drop of -50.73% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ACCD stock in for the last two-week period is set at 52.97, with the RSI for the last a single of trading hit 58.25, and the three-weeks RSI is set at 49.89 for Accolade Inc [ACCD]. The present Moving Average for the last 50 days of trading for this stock 4.01, while it was recorded at 3.84 for the last single week of trading, and 7.58 for the last 200 days.
Accolade Inc [ACCD]: A deeper dive into fundamental analysis
Accolade Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.75 and a Current Ratio set at 2.75.
Accolade Inc [ACCD]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ACCD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Accolade Inc go to -0.90%.
An analysis of Institutional ownership at Accolade Inc [ACCD]
There are presently around $83.40%, or 86.09%% of ACCD stock, in the hands of institutional investors. The top three institutional holders of ACCD stocks are: BLACKROCK INC. with ownership of 6.16 million shares, which is approximately 7.8837%. ARK INVESTMENT MANAGEMENT LLC, holding 5.64 million shares of the stock with an approximate value of $$20.2 million in ACCD stocks shares; and ARK INVESTMENT MANAGEMENT LLC, currently with $$19.52 million in ACCD stock with ownership which is approximately 6.9784%.
