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Wednesday, February 1, 2023

There’s No Need To Panic Or Freeze When It Comes To Accolade Inc. (NASDAQ: ACCD)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Accolade Inc. (ACCD) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.46, or -4.94%, to $8.86. The Accolade Inc. has recorded 13,067 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Accolade Announces Results for Fiscal Third Quarter 2023.

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Stocks Info

The company is listed on the NASDAQ and operates within the Health Information Services industry segment. At the end of the last regular session, the stock closed at $9.32 and fluctuated between $9.43 as its day high and $9.07 as its day low. The current market capitalization of Accolade Inc. is $676.17M. A total of 0.71 million shares were traded on the day, compared to an average of 666.22K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ACCD has seen 6 BUY and 6 SELL insider trades, representing the acquisition of 4,273 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, SINGH RAJEEV sold 230 shares at 8.43 per share. ACCD shares that Chief Executive Officer owns now total 153,209.

Among the insiders who sold shares, HILTON MICHAEL W disposed of 82 shares on Dec 19 at a per-share price of $8.43. This resulted in the Chief Innovation Officer holding 129,503 shares of ACCD after the transaction. In another insider transaction, Cavanaugh Robert N sold 156 shares at $8.43 per share on Dec 19. Company shares held by the President now total 144,462.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ACCD in the last 3 months, the mean price target is $12.73 with high estimates of $15.00 and low estimates of $10.00. In terms of 52-week highs and lows, ACCD has a high of $22.92 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 equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 16 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 9 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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