On Tuesday, 8X8 Inc (NASDAQ: EGHT) opened lower -3.76% from the last session, before settling in for the closing price of $3.19. Price fluctuations for EGHT have ranged from $1.51 to $3.92 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 16.05%. Company’s average yearly earnings per share was noted -28.43% at the time writing. With a float of $126.36 million, this company’s outstanding shares have now reached $130.52 million.
The extent of productivity of a business whose workforce counts for 1948 workers is very important to gauge. 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 Updates
A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of 8X8 Inc is 3.29%, while institutional ownership is 83.30%. The most recent insider transaction that took place on Nov 22 ’24, was worth 71,485. In this transaction Chief Legal Officer of this company sold 23,773 shares at a rate of $3.01, taking the stock ownership to the 241,246 shares. Before that another transaction happened on Nov 21 ’24, when Company’s Chief Legal Officer sold 11,227 for $3.00, making the entire transaction worth $33,681. This insider now owns 265,019 shares in total.
8X8 Inc (EGHT) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.12 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.1) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.08 per share during the current fiscal year.
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
Check out the current performance indicators for 8X8 Inc (EGHT). In the past 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 0.56. Likewise, its price to free cash flow for the trailing twelve months is 7.04.
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)
The latest stats from [8X8 Inc, EGHT] show that its last 5-days average volume of 0.65 million was inferior to 1.19 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 75.81%. Additionally, its Average True Range was 0.16.
During the past 100 days, 8X8 Inc’s (EGHT) raw stochastic average was set at 82.19%, which indicates a significant increase from 67.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.35% in the past 14 days, which was lower than the 86.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.40, while its 200-day Moving Average is $2.41. Now, the first resistance to watch is $3.17. This is followed by the second major resistance level at $3.28. The third major resistance level sits at $3.34. If the price goes on to break the first support level at $3.01, it is likely to go to the next support level at $2.95. Assuming the price breaks the second support level, the third support level stands at $2.84.
8X8 Inc (NASDAQ: EGHT) Key Stats
There are currently 130,661K shares outstanding in the company with a market cap of 401.13 million. Presently, the company’s annual sales total 728,710 K according to its annual income of -67,590 K. Last quarter, the company’s sales amounted to 181,000 K and its income totaled -14,540 K.
