8×8 Inc. (NYSE:EGHT) went down by -6.10% from its latest closing price compared to the recent 1-year high of $25.17. The company’s stock price has collected -10.71% of loss in the last five trading sessions. Barron’s reported on 12/10/20 that 8×8 Names Former RingCentral Exec As CEO
Is It Worth Investing in 8×8 Inc. (NYSE :EGHT) Right Now?
Plus, the 36-month beta value for EGHT is at 1.24.
EGHT currently public float of 116.20M and currently shorts hold a 11.54% ratio of that float. Today, the average trading volume of EGHT was 2.32M shares.
EGHT’s Market Performance
EGHT stocks went down by -10.71% for the week, with a monthly drop of -21.10% and a quarterly performance of -26.47%, while its annual performance rate touched -83.31%. The volatility ratio for the week stands at 5.33% while the volatility levels for the past 30 days are set at 6.33% for 8×8 Inc. The simple moving average for the period of the last 20 days is -15.44% for EGHT stocks with a simple moving average of -60.42% for the last 200 days.
EGHT Trading at -18.65% from the 50-Day Moving Average
After a stumble in the market that brought EGHT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -84.11% of loss for the given period.
Volatility was left at 6.33%, however, over the last 30 days, the volatility rate increased by 5.33%, as shares sank -13.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.84% lower at present.
During the last 5 trading sessions, EGHT fell by -10.71%, which changed the moving average for the period of 200-days by -78.53% in comparison to the 20-day moving average, which settled at $4.70. In addition, 8×8 Inc. saw -76.13% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at EGHT starting from Zinn Matthew, who sale 428 shares at the price of $4.18 back on Sep 19. After this action, Zinn Matthew now owns 279,817 shares of 8×8 Inc., valued at $1,789 using the latest closing price.
Wilson Samuel C., the Chief Financial Officer of 8×8 Inc., sale 2,875 shares at $4.20 during a trade that took place back on Sep 19, which means that Wilson Samuel C. is holding 567,634 shares at $12,071 based on the most recent closing price.
Stock Fundamentals for EGHT
Current profitability levels for the company are sitting at:
- -22.64 for the present operating margin
- +60.71 for the gross margin
The net margin for 8×8 Inc. stands at -27.48. Equity return is now at value -107.60, with -19.50 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.