As on Wednesday, 8X8 Inc. (NASDAQ: EGHT) started slowly as it slid -2.62% to $2.23, before settling in for the price of $2.29 at the close. Taking a more long-term approach, EGHT posted a 52-week range of $2.15-$4.88.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
The Technology Sector giants’ yearly sales growth during the last 5-year period was 20.58%. Meanwhile, its Annual Earning per share during the time was 11.16%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 39.65%. This publicly-traded company’s shares outstanding now amounts to $123.42 million, simultaneously with a float of $119.07 million. The organization now has a market capitalization sitting at $275.23 million. At the time of writing, stock’s 50-day Moving Average stood at $2.67, while the 200-day Moving Average is $3.14.
8X8 Inc. (EGHT) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Software – Application industry. 8X8 Inc.’s current insider ownership accounts for 3.52%, in contrast to 94.10% institutional ownership. According to the most recent insider trade that took place on Apr 16 ’24, this organization’s Chief Accounting Officer sold 7,256 shares at the rate of 2.27, making the entire transaction reach 16,436 in total value, affecting insider ownership by 275,172. Preceding that transaction, on Apr 15 ’24, Company’s Chief Executive Officer sold 2,000 for 2.27, making the whole transaction’s value amount to 4,543. This particular insider is now the holder of 1,020,288 in total.
8X8 Inc. (EGHT) Earnings and Revenue Records
Wall Street market experts anticipate that the next fiscal year will bring earnings of 10.16 per share during the current fiscal year.
8X8 Inc.’s EPS increase for this current 12-month fiscal period is 39.65% and is forecasted to reach 0.45 in the upcoming year.
8X8 Inc. (NASDAQ: EGHT) Trading Performance Indicators
Let’s observe the current performance indicators for 8X8 Inc. (EGHT). It’s Quick Ratio in the last reported quarter now stands at 1.15. The Stock has managed to achieve an average true range (ATR) of 0.15. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.38. Similarly, its price to free cash flow for trailing twelve months is now 3.56.
In the same vein, EGHT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.45, a figure that is expected to reach 0.07 in the next quarter, and analysts are predicting that it will be 0.45 at the market close of one year from today.
Technical Analysis of 8X8 Inc. (EGHT)
Through scrutinizing the latest numbers posted by the [8X8 Inc., EGHT], it can be observed that its last 5-days Average volume of 0.9 million was lower the volume of 1.47 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 8.09% While, its Average True Range was 0.14.
Raw Stochastic average of 8X8 Inc. (EGHT) in the period of the previous 100 days is set at 1.74%, which indicates a major fall in contrast to 4.35% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 48.39% that was lower than 61.43% volatility it exhibited in the past 100-days period.
