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Tuesday, January 31, 2023

Is Accolade Inc. (NASDAQ: ACCD) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Accolade Inc. (ACCD) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.37, or -4.98%, to $7.06. The Accolade Inc. has recorded 29,234 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Accolade Announces Participation in 25th Annual Needham Growth Conference.


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Stocks Info

ACCD belongs to the Healthcare sector of the NASDAQ while operating in the Health Information Services industry. At the end of the last regular session, the stock closed at $7.43 and fluctuated between $7.47 as its day high and $6.83 as its day low. The current market capitalization of Accolade Inc. is $530.20M. A total of 0.55 million shares were traded on the day, compared to an average of 615.02K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ACCD has seen 9 BUY and 6 SELL insider trades, representing the acquisition of 5,528 and the disposition of 708 shares. Over the last 12 months, there were 46 BUYs and 18 SELLs from insiders. Insiders purchased 99,071 shares during that period but sold 5,818.

In the most recent transaction, Barnes Stephen H. sold 74 shares of ACCD for 7.61 per share on Jan 04. After the transaction, the Chief Financial Officer now owns 122,960 company shares. In a previous transaction on Dec 19, Barnes Stephen H. sold 119 shares at 8.43 per share. ACCD shares that Chief Financial Officer owns now total 122,960.

Among the insiders who sold shares, SINGH RAJEEV disposed of 230 shares on Dec 19 at a per-share price of $8.43. This resulted in the Chief Executive Officer holding 153,209 shares of ACCD after the transaction. In another insider transaction, HILTON MICHAEL W sold 82 shares at $8.43 per share on Dec 19. Company shares held by the Chief Innovation Officer now total 129,503.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ACCD in the last 3 months, the mean price target is $13.46 with high estimates of $17.00 and low estimates of $10.00. In terms of 52-week highs and lows, ACCD has a high of $24.95 and a low of $4.61.

As of this writing, ACCD has an earnings estimate of -$0.62 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of -$0.56 per share and a lower estimate of -$0.73. The company reported an EPS of -$4.92 in the last quarter, which was -634.30% lower than expectations of -$0.67.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 17 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ACCD is Underweight with a score of 4.13. A total of 10 analysts rated the stock as Buy while 0 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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