While Accolade Inc has underperformed by -0.81%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ACCD fell by -23.11%, with highs and lows ranging from $17.00 to $6.33, whereas the simple moving average fell by -13.38% in the last 200 days.
On February 26, 2024, Leerink Partners started tracking Accolade Inc (NASDAQ: ACCD) recommending Outperform. Barclays also rated ACCD shares as ‘Equal Weight’, setting a target price of $13 on the company’s shares in an initiating report dated January 03, 2024. Stephens initiated its ‘Overweight’ rating for ACCD, as published in its report on April 12, 2023. Guggenheim’s report from March 23, 2023 suggests a price prediction of $16 for ACCD shares, giving the stock a ‘Buy’ rating. Jefferies also rated the stock as ‘Hold’.
Analysis of Accolade Inc (ACCD)
Further, the quarter-over-quarter increase in sales is 9.26%, showing a positive trend in the upcoming months.
One of the most important indicators of Accolade Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -26.66% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.31, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and ACCD is recording 763.14K average volume. On a monthly basis, the volatility of the stock is set at 5.08%, whereas on a weekly basis, it is put at 5.59%, with a gain of 1.99% over the past seven days. Furthermore, long-term investors anticipate a median target price of $15.07, showing growth from the present price of $9.75, which can serve as yet another indication of whether ACCD is worth investing in or should be passed over.
How Do You Analyze Accolade Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 9.97%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 77.18% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ACCD shares are owned by institutional investors to the tune of 77.18% at present.
