A look at 8X8 Inc.’s (EGHT) recent performance gives investors their first glimpse of hope.

A new trading day began on Tuesday, with 8X8 Inc. (NASDAQ: EGHT) stock price down -3.36% from the previous day of trading, before settling in for the closing price of $2.68. EGHT’s price has ranged from $2.15 to $4.88 over the past 52 weeks.

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Technology Sector giant saw their annual sales surged by 20.58% over the last five years. Meanwhile, its annual earnings per share averaged 39.65%. With a float of $119.07 million, this company’s outstanding shares have now reached $123.42 million.

The firm has a total of 1921 workers. Let’s measure their productivity.

8X8 Inc. (EGHT) Insider Activity

As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of 8X8 Inc. is 3.52%, while institutional ownership is 94.26%. The most recent insider transaction that took place on Mar 18 ’24, was worth 36,613. In this transaction Chief Executive Officer of this company sold 13,740 shares at a rate of $2.66, taking the stock ownership to the 1,022,288 shares. Before that another transaction happened on Mar 18 ’24, when Company’s Chief Product Officer sold 10,023 for $2.66, making the entire transaction worth $26,708. This insider now owns 435,446 shares in total.

8X8 Inc. (EGHT) Earnings and Forecasts

In its latest quarterly report, released on 12/30/2023, the company reported earnings of $0.12 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.1 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 39.65% per share during the next fiscal year.

8X8 Inc. (NASDAQ: EGHT) Trading Performance Indicators

Here are 8X8 Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.15. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.44. Likewise, its price to free cash flow for the trailing twelve months is 4.13.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.45, a number that is poised to hit 0.07 in the next quarter and is forecasted to reach 0.45 in one year’s time.

Technical Analysis of 8X8 Inc. (EGHT)

Analysing the last 5-days average volume posted by the [8X8 Inc., EGHT], we can find that recorded value of 1.08 million was lower than the volume posted last year of 1.57 million. As of the previous 9 days, the stock’s Stochastic %D was 26.59%. Additionally, its Average True Range was 0.15.

During the past 100 days, 8X8 Inc.’s (EGHT) raw stochastic average was set at 13.64%, which indicates a significant increase from 12.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 57.81% in the past 14 days, which was lower than the 63.52% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.88, while its 200-day Moving Average is $3.22. Now, the first resistance to watch is $2.65. This is followed by the second major resistance level at $2.70. The third major resistance level sits at $2.78. If the price goes on to break the first support level at $2.52, it is likely to go to the next support level at $2.44. Should the price break the second support level, the third support level stands at $2.39.

8X8 Inc. (NASDAQ: EGHT) Key Stats

With a market capitalization of 319.66 million, the company has a total of 123,421K Shares Outstanding. Currently, annual sales are 743,940 K while annual income is -73,140 K. The company’s previous quarter sales were 181,010 K while its latest quarter income was -21,220 K.