On Monday, 8X8 Inc (NASDAQ: EGHT) was -3.69% drop from the session before settling in for the closing price of $2.98. A 52-week range for EGHT has been $1.51 – $3.92.
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Technology Sector giant saw their annual sales surged by 16.05% over the last five years. When this article was written, the company’s average yearly earnings per share was at -28.43%. With a float of $126.40 million, this company’s outstanding shares have now reached $130.66 million.
The firm has a total of 1948 workers. Let’s measure their productivity. In terms of profitability, gross margin is 68.29%, operating margin of -2.48%, and the pretax margin is -9.07%.
8X8 Inc (EGHT) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward 8X8 Inc stocks. The insider ownership of 8X8 Inc is 3.26%, while institutional ownership is 86.28%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -28.43% 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
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 1.02. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.53. Likewise, its price to free cash flow for the trailing twelve months is 6.65.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.56, a number that is poised to hit 0.09 in the next quarter and is forecasted to reach 0.43 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 2.12 million was better than the volume posted last year of 1.2 million. As of the previous 9 days, the stock’s Stochastic %D was 87.64%. Additionally, its Average True Range was 0.17.
During the past 100 days, 8X8 Inc’s (EGHT) raw stochastic average was set at 71.65%, which indicates a significant decrease from 80.95% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 74.89% in the past 14 days, which was lower than the 86.85% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.06, while its 200-day Moving Average is $2.40. Now, the first resistance to watch is $2.98. This is followed by the second major resistance level at $3.09. The third major resistance level sits at $3.16. If the price goes on to break the first support level at $2.80, it is likely to go to the next support level at $2.73. Should the price break the second support level, the third support level stands at $2.62.
8X8 Inc (NASDAQ: EGHT) Key Stats
There are 130,661K outstanding shares of the company, which has a market capitalization of 378.81 million. As of now, sales total 728,710 K while income totals -67,590 K. Its latest quarter income was 178,150 K while its last quarter net income were -10,290 K.
