8X8 Inc (EGHT) is gearing up for another turning point as it hit the volume of 0.86 million

On Monday, 8X8 Inc (NASDAQ: EGHT) was -5.87% drop from the session before settling in for the closing price of $2.30. A 52-week range for EGHT has been $1.51 – $3.52.

Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 16.05%. When this article was written, the company’s average yearly earnings per share was at -23.62%. With a float of $127.75 million, this company’s outstanding shares have now reached $131.47 million.

Considering the fact that the conglomerate employs 1948 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 67.97%, operating margin of 0.08%, and the pretax margin is -5.67%.

8X8 Inc (EGHT) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward 8X8 Inc stocks. The insider ownership of 8X8 Inc is 2.99%, while institutional ownership is 83.36%. The most recent insider transaction that took place on Feb 18 ’25, was worth 3,340. In this transaction Chief Financial Officer of this company sold 1,000 shares at a rate of $3.34, taking the stock ownership to the 457,017 shares. Before that another transaction happened on Feb 11 ’25, when Company’s Chief Legal Officer sold 10,000 for $3.00, making the entire transaction worth $30,000. This insider now owns 233,791 shares in total.

8X8 Inc (EGHT) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.09 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -23.62% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -5.49% 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 1.06. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.40. Likewise, its price to free cash flow for the trailing twelve months is 4.79.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.36, a number that is poised to hit 0.08 in the next quarter and is forecasted to reach 0.37 in one year’s time.

Technical Analysis of 8X8 Inc (EGHT)

Compared to the last year’s volume of 1.06 million, its volume of 0.82 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 14.56%. Additionally, its Average True Range was 0.19.

During the past 100 days, 8X8 Inc’s (EGHT) raw stochastic average was set at 15.31%, which indicates a significant increase from 9.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.78% in the past 14 days, which was lower than the 66.84% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.72, while its 200-day Moving Average is $2.47. Nevertheless, the first resistance level for the watch stands at $2.28 in the near term. At $2.39, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.50. If the price goes on to break the first support level at $2.06, it is likely to go to the next support level at $1.95. Should the price break the second support level, the third support level stands at $1.84.

8X8 Inc (NASDAQ: EGHT) Key Stats

There are 131,694K outstanding shares of the company, which has a market capitalization of 285.12 million. As of now, sales total 728,710 K while income totals -67,590 K. Its latest quarter income was 178,880 K while its last quarter net income were 3,020 K.