A new trading day began on Monday, with Accolade Inc (NASDAQ: ACCD) stock price down -3.43% from the previous day of trading, before settling in for the closing price of $3.50. ACCD’s price has ranged from $3.35 to $15.36 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 36.31%. Meanwhile, its annual earnings per share averaged 27.94%. With a float of $69.12 million, this company’s outstanding shares have now reached $78.07 million.
Considering the fact that the conglomerate employs 2400 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 43.1%, operating margin of -21.28%, and the pretax margin is -17.76%.
Accolade Inc (ACCD) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Health Information Services Industry. The insider ownership of Accolade Inc is 14.18%, while institutional ownership is 71.52%. The most recent insider transaction that took place on Oct 17 ’24, was worth 1,413. In this transaction Chief Executive Officer of this company sold 385 shares at a rate of $3.67, taking the stock ownership to the 792,333 shares. Before that another transaction happened on Oct 17 ’24, when Company’s President sold 157 for $3.67, making the entire transaction worth $576. This insider now owns 197,555 shares in total.
Accolade Inc (ACCD) Earnings and Forecasts
In its latest quarterly report, released on 8/31/2024, the company reported earnings of -0.28 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 27.94% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -0.90% during the next five years compared to -2.85% drop over the previous five years of trading.
Accolade Inc (NASDAQ: ACCD) Trading Performance Indicators
Here are Accolade Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.68. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.62.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.03, a number that is poised to hit -0.33 in the next quarter and is forecasted to reach -0.87 in one year’s time.
Technical Analysis of Accolade Inc (ACCD)
Compared to the last year’s volume of 1.07 million, its volume of 1.32 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 3.94%. Additionally, its Average True Range was 0.22.
During the past 100 days, Accolade Inc’s (ACCD) raw stochastic average was set at 0.98%, which indicates a significant decrease from 3.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.99% in the past 14 days, which was lower than the 107.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.00, while its 200-day Moving Average is $7.21. Nevertheless, the first resistance level for the watch stands at $3.47 in the near term. At $3.55, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.62. If the price goes on to break the first support level at $3.32, it is likely to go to the next support level at $3.25. Should the price break the second support level, the third support level stands at $3.17.
Accolade Inc (NASDAQ: ACCD) Key Stats
With a market capitalization of 272.23 million, the company has a total of 80,008K Shares Outstanding. Currently, annual sales are 414,290 K while annual income is -99,810 K. The company’s previous quarter sales were 106,360 K while its latest quarter income was -23,930 K.
