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Monday, June 5, 2023

The Street Is Finally Waking Up 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 -$0.21, or -1.87%, to $11.00. The Accolade Inc. has recorded 7,844 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Accolade Announces Upcoming Investor Events.

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Stocks Info

Accolade Inc. is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Health Information Services industry. At the end of the last regular session, the stock closed at $11.21 and fluctuated between $12.11 as its day high and $10.96 as its day low. The current market capitalization of Accolade Inc. is $809.47M. A total of 0.58 million shares were traded on the day, compared to an average of 640.35K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, ACCD has seen 13 BUY and 5 SELL insider trades, representing the acquisition of 6,365 and the disposition of 787 shares. Over the last 12 months, there were 59 BUYs and 33 SELLs from insiders. Insiders purchased 105,153 shares during that period but sold 7,871.

In the most recent transaction, SINGH RAJEEV sold 1,456 shares of ACCD for 11.82 per share on May 24. After the transaction, the Chief Executive Officer now owns 564,205 company shares. In a previous transaction on May 24, Cavanaugh Robert N sold 685 shares at 11.82 per share. ACCD shares that President owns now total 153,930.

Among the insiders who sold shares, HILTON MICHAEL W disposed of 628 shares on May 24 at a per-share price of $11.82. This resulted in the Director holding 135,770 shares of ACCD after the transaction. In another insider transaction, Barnes Stephen H. sold 591 shares at $11.82 per share on May 24. Company shares held by the Chief Financial Officer now total 131,246.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for ACCD in the last 3 months, the mean price target is $15.53 with high estimates of $18.00 and low estimates of $13.00. In terms of 52-week highs and lows, ACCD has a high of $17.00 and a low of $5.24.

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 16 estimates, with a high estimate of -$0.43 per share and a lower estimate of -$0.78. The company reported an EPS of -$0.56 in the last quarter, which was 9.70% higher than expectations of -$0.62.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ACCD’s latest balance sheet shows that the firm has $365.85M in Cash & Short Term Investments as of fiscal 2022. There were $319.74M in debt and $111.75M in liabilities at the time. Its Book Value Per Share was $6.82, while its Total Shareholder’s Equity was $855.79M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 4.25.

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