A new trading day began on Monday, with 8X8 Inc (NASDAQ: EGHT) stock price up 5.45% from the previous day of trading, before settling in for the closing price of $2.20. EGHT’s price has ranged from $1.51 to $3.92 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 16.05%. Meanwhile, its annual earnings per share averaged -30.14%. With a float of $124.14 million, this company’s outstanding shares have now reached $125.19 million.
Let’s determine the extent of company efficiency that accounts for 1948 employees. In terms of profitability, gross margin is 68.57%, operating margin of -3.81%, and the pretax margin is -8.25%.
8X8 Inc (EGHT) Breakdown of a Key Holders of the stock
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 3.26%, while institutional ownership is 88.07%. The most recent insider transaction that took place on Oct 16 ’24, was worth 15,228. In this transaction Chief Accounting Officer of this company sold 7,333 shares at a rate of $2.08, taking the stock ownership to the 319,798 shares. Before that another transaction happened on Oct 16 ’24, when Company’s Officer proposed sale 7,333 for $2.08, making the entire transaction worth $15,228.
8X8 Inc (EGHT) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.14 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 0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -30.14% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.00% during the next five years compared to 9.88% growth over the previous five years of trading.
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 1.29. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.41. Likewise, its price to free cash flow for the trailing twelve months is 4.53.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.51, a number that is poised to hit 0.09 in the next quarter and is forecasted to reach 0.41 in one year’s time.
Technical Analysis of 8X8 Inc (EGHT)
Looking closely at 8X8 Inc (NASDAQ: EGHT), its last 5-days average volume was 1.01 million, which is a drop from its year-to-date volume of 1.18 million. As of the previous 9 days, the stock’s Stochastic %D was 85.19%. Additionally, its Average True Range was 0.11.
During the past 100 days, 8X8 Inc’s (EGHT) raw stochastic average was set at 42.67%, which indicates a significant decrease from 78.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.06% in the past 14 days, which was lower than the 87.31% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.96, while its 200-day Moving Average is $2.42. However, in the short run, 8X8 Inc’s stock first resistance to watch stands at $2.43. Second resistance stands at $2.54. The third major resistance level sits at $2.65. If the price goes on to break the first support level at $2.21, it is likely to go to the next support level at $2.10. Now, if the price goes above the second support level, the third support stands at $1.99.
8X8 Inc (NASDAQ: EGHT) Key Stats
With a market capitalization of 293.72 million, the company has a total of 128,330K Shares Outstanding. Currently, annual sales are 728,710 K while annual income is -67,590 K. The company’s previous quarter sales were 178,150 K while its latest quarter income was -10,290 K.
