A new trading day began on Tuesday, with 8X8 Inc (NASDAQ: EGHT) stock price up 4.41% from the previous day of trading, before settling in for the closing price of $2.72. EGHT’s price has ranged from $1.51 to $3.41 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%. Meanwhile, its annual earnings per share averaged -28.51%. With a float of $126.52 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 and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. 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) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.11 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
Here are 8X8 Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.02. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.52. Likewise, its price to free cash flow for the trailing twelve months is 6.52.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.56, a number that is poised to hit 0.08 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 0.83 million was inferior to 0.85 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 44.35%. Additionally, its Average True Range was 0.16.
During the past 100 days, 8X8 Inc’s (EGHT) raw stochastic average was set at 73.13%, which indicates a significant increase from 58.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.85% in the past 14 days, which was lower than the 62.06% 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 $2.43. Now, the first resistance to watch is $2.92. This is followed by the second major resistance level at $3.00. The third major resistance level sits at $3.11. If the price goes on to break the first support level at $2.73, it is likely to go to the next support level at $2.62. The third support level lies at $2.54 if the price breaches the second support level.
8X8 Inc (NASDAQ: EGHT) Key Stats
With a market capitalization of 371.08 million, the company has a total of 130,661K Shares Outstanding. Currently, annual sales are 728,710 K while annual income is -67,590 K. The company’s previous quarter sales were 181,000 K while its latest quarter income was -14,540 K.
