On Friday, 8X8 Inc. (NASDAQ: EGHT) was -5.67% down from the session before settling in for the closing price of $2.47. A 52-week range for EGHT has been $2.15 – $4.88.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 20.58%. When this article was written, the company’s average yearly earnings per share was at 39.65%. With a float of $119.07 million, this company’s outstanding shares have now reached $123.42 million.
The extent of productivity of a business whose workforce counts for 1921 workers is very important to gauge.
8X8 Inc. (EGHT) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward 8X8 Inc. stocks. The insider ownership of 8X8 Inc. is 3.52%, while institutional ownership is 94.28%. 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) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.33 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
You can see what 8X8 Inc. (EGHT) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.15. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.39. Likewise, its price to free cash flow for the trailing twelve months is 3.72.
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)
The latest stats from [8X8 Inc., EGHT] show that its last 5-days average volume of 1.08 million was inferior to 1.49 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 15.55%. Additionally, its Average True Range was 0.15.
During the past 100 days, 8X8 Inc.’s (EGHT) raw stochastic average was set at 1.24%, which indicates a significant decrease from 3.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 52.95% in the past 14 days, which was lower than the 63.31% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.71, while its 200-day Moving Average is $3.17. Now, the first resistance to watch is $2.43. This is followed by the second major resistance level at $2.52. The third major resistance level sits at $2.58. If the price goes on to break the first support level at $2.27, it is likely to go to the next support level at $2.21. Assuming the price breaks the second support level, the third support level stands at $2.12.
8X8 Inc. (NASDAQ: EGHT) Key Stats
There are 123,421K outstanding shares of the company, which has a market capitalization of 287.57 million. As of now, sales total 743,940 K while income totals -73,140 K. Its latest quarter income was 181,010 K while its last quarter net income were -21,220 K.
