8X8 Inc (NASDAQ: EGHT) on Tuesday, soared 6.05% from the previous trading day, before settling in for the closing price of $2.81. Within the past 52 weeks, EGHT’s price has moved between $1.51 and $3.76.
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During the last 5-year period, the sales growth of Technology Sector giant was 16.05%. The company achieved an average annual earnings per share of -28.51%. With a float of $126.52 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) Insider Activity
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of 8X8 Inc is 3.17%, while institutional ownership is 83.36%. The most recent insider transaction that took place on Jan 15 ’25, was worth 2,600. In this transaction Chief Financial Officer of this company sold 1,000 shares at a rate of $2.60, taking the stock ownership to the 458,641 shares. Before that another transaction happened on Dec 16 ’24, when Company’s Chief Financial Officer sold 1,000 for $2.65, making the entire transaction worth $2,648. This insider now owns 459,641 shares in total.
8X8 Inc (EGHT) Earnings and Forecasts
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 -28.51% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -3.30% during the next five years compared to 9.88% growth over the previous five years of trading.
8X8 Inc (NASDAQ: EGHT) Trading Performance Indicators
8X8 Inc (EGHT) is currently performing well based on its current performance indicators. A quick ratio of 1.02 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.54. Likewise, its price to free cash flow for the trailing twelve months is 6.84.
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 1.1 million, which is a jump from its year-to-date volume of 0.85 million. As of the previous 9 days, the stock’s Stochastic %D was 80.53%. Additionally, its Average True Range was 0.16.
During the past 100 days, 8X8 Inc’s (EGHT) raw stochastic average was set at 81.88%, which indicates a significant decrease from 88.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.11% in the past 14 days, which was lower than the 61.41% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.84, while its 200-day Moving Average is $2.42. However, in the short run, 8X8 Inc’s stock first resistance to watch stands at $3.10. Second resistance stands at $3.23. The third major resistance level sits at $3.42. If the price goes on to break the first support level at $2.79, it is likely to go to the next support level at $2.60. Should the price break the second support level, the third support level stands at $2.48.
8X8 Inc (NASDAQ: EGHT) Key Stats
Market capitalization of the company is 389.37 million based on 130,661K outstanding shares. Right now, sales total 728,710 K and income totals -67,590 K. The company made 181,000 K in profit during its latest quarter, and -14,540 K in sales during its previous quarter.
