As on Thursday, 8X8 Inc (NASDAQ: EGHT) got off with the flyer as it spiked 3.15% to $2.95, before settling in for the price of $2.86 at the close. Taking a more long-term approach, EGHT posted a 52-week range of $1.51-$3.92.
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The Technology Sector giants’ yearly sales growth during the last 5-year period was 16.05%. Meanwhile, its Annual Earning per share during the time was 9.88%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -28.43%. This publicly-traded company’s shares outstanding now amounts to $125.19 million, simultaneously with a float of $124.14 million. The organization now has a market capitalization sitting at $378.57 million. At the time of writing, stock’s 50-day Moving Average stood at $2.02, while the 200-day Moving Average is $2.41.
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 3.26%, in contrast to 88.21% institutional ownership. According to the most recent insider trade that took place on Oct 16 ’24, this organization’s Chief Accounting Officer sold 7,333 shares at the rate of 2.08, making the entire transaction reach 15,228 in total value, affecting insider ownership by 319,798.
8X8 Inc (EGHT) Earnings and Revenue Records
8X8 Inc’s EPS decrease for this current 12-month fiscal period is -28.43% and is forecasted to reach 0.43 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 5.00% through the next 5 years, which can be compared against the 9.88% growth it accomplished over the previous five years trading on the market.
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 1.02. The Stock has managed to achieve an average true range (ATR) of 0.17. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.53. Similarly, its price to free cash flow for trailing twelve months is now 6.65.
In the same vein, EGHT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.56, a figure that is expected to reach 0.09 in the next quarter, and analysts are predicting that it will be 0.43 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 2.12 million was better the volume of 1.2 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 84.98% While, its Average True Range was 0.19.
Raw Stochastic average of 8X8 Inc (EGHT) in the period of the previous 100 days is set at 75.87%, which indicates a major fall in contrast to 94.42% 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 69.03% that was lower than 87.89% volatility it exhibited in the past 100-days period.
