In yesterday’s Wall Street session, Accolade Inc (NASDAQ:ACCD) shares traded at $3.58, down -43.97% from the previous session.
ACCD stock price is now -50.89% away from the 50-day moving average and -61.65% away from the 200-day moving average. The market capitalization of the company currently stands at $286.44M.
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With the price target reduced from $13 to $8, Needham maintained Buy rating for Accolade Inc (NASDAQ: ACCD). On February 26, 2024, Leerink Partners recently initiated its ‘Outperform’ rating on the stock quoting a target price of $16, while ‘DA Davidson’ rates the stock as ‘Neutral’
In other news, SINGH RAJEEV, Chief Executive Officer sold 379 shares of the company’s stock on Jun 18 ’24. The stock was sold for $2,323 at an average price of $6.13. Upon completion of the transaction, the Chief Executive Officer now directly owns 777,203 shares in the company, valued at $2.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 18 ’24, President Cavanaugh Robert N sold 155 shares of the business’s stock. A total of $950 was realized by selling the stock at an average price of $6.13. This leaves the insider owning 189,763 shares of the company worth $0.68 million. A total of 13.03% of the company’s stock is owned by insiders.
During the past 12 months, Accolade Inc has had a low of $5.88 and a high of $15.36. As of last week, the company has a debt-to-equity ratio of 0.55, a current ratio of 2.75, and a quick ratio of 2.75. The fifty day moving average price for ACCD is $7.1868 and a two-hundred day moving average price translates $9.288975 for the stock.
The latest earnings results from Accolade Inc (NASDAQ: ACCD) was released for 2024-05-31. The net profit margin was -20.62% and return on equity was -20.01% for ACCD. The company reported revenue of $110.47 million for the quarter, compared to $93.23 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.49 percent.
