On Tuesday, 8X8 Inc (NASDAQ: EGHT) was 3.55% up from the session before settling in for the closing price of $2.67. A 52-week range for EGHT has been $1.51 – $3.92.
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During the last 5-year period, the sales growth of Technology Sector giant was 16.05%. When this article was written, the company’s average yearly earnings per share was at -28.51%. With a float of $126.44 million, this company’s outstanding shares have now reached $130.52 million.
Let’s determine the extent of company efficiency that accounts for 1948 employees. In terms of profitability, gross margin is 68.29%, operating margin of -2.48%, and the pretax margin is -9.07%.
8X8 Inc (EGHT) Breakdown of a Key Holders of the stock
Also, it is sometimes useful to examine the sentiment of large-scale investors toward 8X8 Inc stocks. The insider ownership of 8X8 Inc is 3.23%, while institutional ownership is 83.37%. The most recent insider transaction that took place on Dec 16 ’24, was worth 2,648. In this transaction Chief Financial Officer of this company sold 1,000 shares at a rate of $2.65, taking the stock ownership to the 459,641 shares. Before that another transaction happened on Dec 16 ’24, when Company’s Officer proposed sale 3,000 for $2.62, making the entire transaction worth $7,875.
8X8 Inc (EGHT) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around -28.51% 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 0.50. Likewise, its price to free cash flow for the trailing twelve months is 6.36.
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)
Looking closely at 8X8 Inc (NASDAQ: EGHT), its last 5-days average volume was 0.75 million, which is a drop from its year-to-date volume of 1.17 million. As of the previous 9 days, the stock’s Stochastic %D was 24.80%. Additionally, its Average True Range was 0.18.
During the past 100 days, 8X8 Inc’s (EGHT) raw stochastic average was set at 68.48%, which indicates a significant increase from 35.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 79.31% in the past 14 days, which was lower than the 81.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.60, while its 200-day Moving Average is $2.42. However, in the short run, 8X8 Inc’s stock first resistance to watch stands at $2.86. Second resistance stands at $2.95. The third major resistance level sits at $3.06. If the price goes on to break the first support level at $2.67, it is likely to go to the next support level at $2.56. Now, if the price goes above the second support level, the third support stands at $2.47.
8X8 Inc (NASDAQ: EGHT) Key Stats
There are 130,661K outstanding shares of the company, which has a market capitalization of 361.93 million. As of now, sales total 728,710 K while income totals -67,590 K. Its latest quarter income was 181,000 K while its last quarter net income were -14,540 K.
