Accolade Inc (NASDAQ: ACCD) stock fell -0.25% on Monday to $8.04 against a previous-day closing price of $8.06. With 0.62 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.58 million shares. The 52-week range on ACCD shows that it touched its highest point at $17.00 and its lowest point at $6.33 during that stretch. It currently has a 1-year price target of $14.77. Beta for the stock currently stands at 1.98.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ACCD was up-trending over the past week, with a rise of 16.52%, but this was up by 18.76% over a month. Three-month performance dropped to -38.86% while six-month performance fell -27.24%. The stock lost -3.71% in the past year, while it has gained 3.21% so far this year. A look at the trailing 12-month EPS for ACCD yields -1.94 with Next year EPS estimates of -1.35. For the next quarter, that number is -0.45. This implies an EPS growth rate of 75.78% for this year and 13.74% for next year. EPS is expected to decline by -0.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -38.43%.
Float and Shares Shorts:
At present, 73.09 million ACCD shares are outstanding with a float of 68.56 million shares on hand for trading. On Oct 30, 2023, short shares totaled 3.2 million, which was 4.19% higher than short shares on Sep 28, 2023. In addition to Mr. Rajeev Singh as the firm’s Chairman of the Board & CEO, Mr. Robert Cavanaugh serves as its President.
Institutional Ownership:
Through their ownership of 85.66% of ACCD’s outstanding shares, institutional investors have majority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ACCD since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ACCD analysts setting a high price target of $17.00 and a low target of $10.00, the average target price over the next 12 months is $14.77. Based on these targets, ACCD could surge 111.44% to reach the target high and rise by 24.38% to reach the target low. Reaching the average price target will result in a growth of 83.71% from current levels.
Summary of Insider Activity:
Insiders traded ACCD stock several times over the past three months with 24 Buys and 12 Sells. In these transactions, 17,620 shares were bought while 4,239 shares were sold. The number of buy transactions has increased to 113 while that of sell transactions has risen to 66 over the past year. The total number of shares bought during that period was 616,078 while 37,501 shares were sold.
