On Tuesday, 8X8 Inc (NASDAQ: EGHT) opened lower -0.74% from the last session, before settling in for the closing price of $2.70. Price fluctuations for EGHT have ranged from $1.51 to $3.92 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 16.05% annually for the last half of the decade. Company’s average yearly earnings per share was noted -28.51% at the time writing. With a float of $126.51 million, this company’s outstanding shares have now reached $130.52 million.
In an organization with 1948 employees, it is important to assess its efficiency. 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 and Institutional Ownership
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 3.18%, while institutional ownership is 83.38%. 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) Latest Financial update
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
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 0.49. Likewise, its price to free cash flow for the trailing twelve months is 6.15.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 0.81 million. That was inferior than the volume of 1.16 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 28.45%. Additionally, its Average True Range was 0.17.
During the past 100 days, 8X8 Inc’s (EGHT) raw stochastic average was set at 66.48%, which indicates a significant increase from 23.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 76.46% in the past 14 days, which was lower than the 79.62% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.67, while its 200-day Moving Average is $2.42. However, in the short run, 8X8 Inc’s stock first resistance to watch stands at $2.72. Second resistance stands at $2.75. The third major resistance level sits at $2.79. If the price goes on to break the first support level at $2.65, it is likely to go to the next support level at $2.61. The third support level lies at $2.58 if the price breaches the second support level.
8X8 Inc (NASDAQ: EGHT) Key Stats
There are currently 130,661K shares outstanding in the company with a market cap of 350.17 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.
