Stocks Analysis by ValueWalk (Dave Kovaleski) covering: Accolade Inc. Read ValueWalk (Dave Kovaleski)'s latest article on Investing.com
That is why investing in penny stocks, generally considered those that trade below $5 per share, are a risky proposition and shouldn’t be taken lightly.
While not yet profitable, it is gradually heading in that direction. In its fiscal second quarter ended August 31, Accolade increased its revenue year over year by 10% to $106 million and reduced its net loss by 27% to $24 million. Accolade topped both revenue and earnings estimates. “As we enter the second half of fiscal year 2025, we are well positioned to deliver our first full year of Adjusted EBITDA profitability and positive cash flow. Accolade is proving the scalability and profitability of a business model and strategy that is fundamentally designed to improve the lives of millions of people and their families,” Rajeev Singh, Accolade CEO, said.
Accolade stock still has a median price target of $7.50 per share, which would suggest an 85% increase in the stock price over the next 12 months.
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