Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Accolade Inc’s current trading price is -48.96% away from its 52-week high, while its distance from the 52-week low is 37.12%. The stock’s price range during this period has varied between $6.33 and $17.00. The company, active in the Healthcare sector, saw a trading volume of around 0.56 million for the day, considerably lower average daily volume of 0.64 million observed over the last three months.
Accolade Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $17.00 on 04/27/23, and the lowest price during the same period was recorded at $6.33 on 11/01/23.
How Financial Performance Impacts Market Capitalization
Accolade Inc (ACCD) has experienced a quarterly decline of -42.21% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 671.92M and boasts a workforce of 2370 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 10.70, with a change in price of +0.81. Similarly, Accolade Inc recorded 679,937 in trading volume during the last 100 days, posting a change of +10.29%.
How ACCD’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for ACCD stands at 0.56. Similarly, the long-term debt-to-equity ratio is also 0.54.
ACCD Stock Stochastic Average
As of today, the raw stochastic average of Accolade Inc over the past 50 days is 0.76%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 1.96%. Additionally, the Stochastic %K and %D values for the company were 16.26% and 21.67%, respectively, over the past 20 days.
ACCD Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -27.73%.However, over the last six months, we can see a weaker performance of 0.70%. Over the last 30 days, the price of ACCD has leaped by -7.76%. And in the last five days, it has fallen by -6.16%.
