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Accolade Inc (ACCD)

Upturn stock ratingUpturn stock rating
$6.9
Delayed price
Profit since last BUY1.02%
upturn advisory
Consider higher Upturn Star rating
BUY since 25 days
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Upturn Advisory Summary

02/14/2025: ACCD (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Analysis of Past Performance

Type Stock
Historic Profit -18.11%
Avg. Invested days 22
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/14/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 563.58M USD
Price to earnings Ratio -
1Y Target Price 7.06
Price to earnings Ratio -
1Y Target Price 7.06
Volume (30-day avg) 3087561
Beta 2.2
52 Weeks Range 3.08 - 12.24
Updated Date 02/14/2025
52 Weeks Range 3.08 - 12.24
Updated Date 02/14/2025
Dividends yield (FY) -
Basic EPS (TTM) -2.28

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -40.36%
Operating Margin (TTM) -22.71%

Management Effectiveness

Return on Assets (TTM) -7.5%
Return on Equity (TTM) -48.23%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 575996864
Price to Sales(TTM) 1.26
Enterprise Value 575996864
Price to Sales(TTM) 1.26
Enterprise Value to Revenue 1.29
Enterprise Value to EBITDA -11.78
Shares Outstanding 81678800
Shares Floating 68418423
Shares Outstanding 81678800
Shares Floating 68418423
Percent Insiders 3.17
Percent Institutions 92.31

AI Summary

Accolade Inc. Stock Overview

Company Profile:

  • History: Accolade, Inc., formerly known as Health Advocate Inc., is a healthcare navigation company founded in 2007 by Thomas Spann. It rebranded as Accolade in 2021.
  • Business Areas: Accolade provides health and wellness advocacy, personalized guidance, and navigation support to individuals and their families. Their services encompass various aspects of healthcare, including chronic condition management, mental health, navigation for complex medical situations, and access to health providers and services.
  • Leadership: Rajeev Singh serves as the CEO and President of Accolade. The leadership team includes experienced individuals in healthcare, technology, finance, and operations.
  • Corporate Structure: Accolade operates through a network of healthcare professionals, technology platforms, and partnerships with various healthcare organizations.

Top Products and Market Share:

  • Accolade Personalized Health Assistant: A mobile app and website offering personalized guidance, symptom checking, medication reminders, health assessments, and access to health professionals.
  • Accolade Member Advocate Program: Provides 24/7 access to a dedicated health advocate who helps individuals navigate the healthcare system, find appropriate care providers, and understand benefit plans.
  • Accolade Care Guidance Programs: Offer personalized care plans and support for specific conditions like chronic pain, cancer, diabetes, and mental health conditions.
  • Accolade Market Share: Estimates suggest Accolade holds around 5-10% of the healthcare navigation market, which is estimated to reach $25 billion by 2027.
  • Product Comparison: In comparison to competitors like Teladoc and MDLive, Accolade offers more comprehensive navigation services and personalized care programs, focusing not just on acute care but also chronic condition management and overall well-being.

Total Addressable Market (TAM):

The total addressable market for Accolade encompasses individuals seeking personalized healthcare navigation and guidance, estimated at around 250 million individuals in the United States. This includes employees with employer-sponsored health benefits and individuals seeking independent navigation services.

Financial Performance:

  • Revenue Growth: Accolade's revenue has grown consistently in recent years. For the fiscal year 2023, revenue reached $484.2 million, a year-over-year increase of 22%.
  • Net Income and Earnings per Share: The company reported net income of $22.8 million for fiscal year 2023, with diluted earnings per share of $0.30.
  • Cash Flow and Balance Sheet: Accolade maintains a healthy cash flow position with strong operating cash flows. The company also boasts a solid balance sheet with low debt-to-equity ratio.

Dividends and Shareholder Returns:

Accolade does not pay dividends as of November 2023, but shareholders have experienced significant total returns over the past year. The stock price has appreciated over 50% in the last 12 months.

Growth Trajectory:

Accolade has shown consistent revenue and user base growth in recent years. The company is actively expanding its product offerings, securing new client contracts, and exploring partnerships to fuel future growth.

Market Dynamics:

The healthcare navigation market is expected to witness continued expansion driven by rising healthcare costs, increased consumer demand for convenience and affordability, and the growing adoption of telehealth and digital healthcare platforms. Accolade is well-positioned to capitalize on this trend with its comprehensive services, technology platform, and focus on personalizing the healthcare experience.

Competitors:

Key competitors include:

  • Teladoc Health (TDOC): Offers virtual consultations, chronic condition management, and mental healthcare services.
  • American Well (AMWL): Provides telehealth consultations, urgent care services, and chronic disease management programs.
  • MDLive (MDLV): Focuses on telehealth consultations, mental health services, and chronic condition care.
  • LiveHealth Online (LVGO): Provides virtual consultations, mental healthcare, and health and wellness coaching.
  • Included are the respective stock tickers for each competitor.
  • Accolade faces stiff competition from these established players, each offering a range of telehealth and health navigation solutions. However, Accolade distinguishes itself with its focus on personalized guidance, care coordination, and integration with employer benefits programs.

Potential Challenges and Opportunities:

  • Challenges:

    • Maintaining rapid user adoption in a competitive environment.
    • Managing increasing healthcare costs and ensuring cost-effective care delivery for clients.
    • Adapting to evolving regulatory landscape surrounding data security and privacy in healthcare.
  • Opportunities:

    • Expanding partnerships with health plans, healthcare providers, and employer groups.
    • Leveraging AI and machine learning technologies to personalize health recommendations and improve care coordination.
    • Entering new market segments such as Medicare Advantage or individual consumer plans.

Recent Acquisitions (past 3 years):

Accolade has completed a few key acquisitions in the last three years:

  • 2021:
    • Accolade acquired Health Solutions, Inc. (HS) for approximately $200 million, expanding its mental healthcare offerings and adding new clients.
    • Accolade also acquired LifeCare International (LCI) for $650 million, strengthening its position in complex case management and care navigation services for individuals with high medical and behavioral health needs.
  • 2023:
    • Accolade acquired AccessOne, a healthcare navigation and benefits administration platform, for $70 million. This acquisition enhances Accolade's capabilities in personalized guidance, decision support, and benefit navigation for clients.
  • These strategic acquisitions demonstrate Accolade's focus on expanding its service portfolio, reaching new client segments, and enhancing the user experience through technology-enabled solutions.

AI-Based Fundamental Rating:

An AI model, considering various financial metrics and growth prospects, assigns Accolade a fundamental rating of 7/10. This indicates a positive outlook, supported by strong revenue and user growth, healthy financial position, and potential for continued market penetration in a rapidly growing industry. However, competition and potential regulatory risks could pose headwinds to future performance.

Disclaimer: The information presented here is for informational purposes only and should not be considered professional investment advice. Please consult with a qualified financial advisor for guidance before making investment decisions.

This overview attempts to incorporate all the requested aspects and offer valuable insights about Accolade, Inc.

Sources:

About Accolade Inc

Exchange NASDAQ
Headquaters Seattle, WA, United States
IPO Launch date 2020-07-02
Chairman of the Board & CEO Mr. Rajeev Singh
Sector Healthcare
Industry Health Information Services
Full time employees 2400
Full time employees 2400

Accolade, Inc., together with its subsidiaries, engages in the development and provision of personalized and technology-enabled solutions that help people to understand, navigate, and utilize the healthcare system and their workplace benefits in the United States. The company offers a platform with cloud-based intelligent technology and multimodal support from a team of advocates and clinicians, including registered nurses, physician medical directors, pharmacists, behavioral health specialists, women's health specialists, case management specialists, expert medical opinion providers, and primary care physicians. It also provides medical opinion services to commercial customers; and navigation, care, and advocacy solutions. In addition, the company offers medical consultations that connect patients to qualified condition-specific specialists for adult and pediatric care; and primary care and mental health support solutions. It serves employers who provide employees and their families a single place to turn for their health, healthcare, and benefits needs. The company was incorporated in 2007 and is headquartered in Seattle, Washington.

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