Company’s 36-month beta value is 1.45.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 3 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for EGHT is 119.07M, and currently, short sellers hold a 12.67% ratio of that floaft. The average trading volume of EGHT on April 18, 2024 was 1.52M shares.
EGHT) stock’s latest price update
The stock of 8X8 Inc. (NASDAQ: EGHT) has decreased by -2.62 when compared to last closing price of 2.29. Despite this, the company has experienced a -7.08% fall in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-16 that Penny stocks provide risk and profit but frequently lie in the shadows in the fast-paced world of investing. Nevertheless, three-penny stocks stand like diamonds in the dust among the chaos and uncertainties.
EGHT’s Market Performance
8X8 Inc. (EGHT) has seen a -7.08% fall in stock performance for the week, with a -16.48% decline in the past month and a -34.02% plunge in the past quarter. The volatility ratio for the week is 5.53%, and the volatility levels for the past 30 days are at 5.36% for EGHT. The simple moving average for the past 20 days is -13.15% for EGHT’s stock, with a -29.13% simple moving average for the past 200 days.
Analysts’ Opinion of EGHT
Many brokerage firms have already submitted their reports for EGHT stocks, with Craig Hallum repeating the rating for EGHT by listing it as a “Buy.” The predicted price for EGHT in the upcoming period, according to Craig Hallum is $4.50 based on the research report published on November 02, 2023 of the previous year 2023.
Craig Hallum, on the other hand, stated in their research note that they expect to see EGHT reach a price target of $4, previously predicting the price at $7. The rating they have provided for EGHT stocks is “Hold” according to the report published on August 09th, 2023.
Rosenblatt gave a rating of “Buy” to EGHT, setting the target price at $6 in the report published on March 24th of the previous year.
EGHT Trading at -16.74% 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 -54.26% of loss for the given period.
Volatility was left at 5.36%, however, over the last 30 days, the volatility rate increased by 5.53%, as shares sank -16.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.71% lower at present.
During the last 5 trading sessions, EGHT fell by -7.08%, which changed the moving average for the period of 200-days by -47.28% in comparison to the 20-day moving average, which settled at $2.55. In addition, 8X8 Inc. saw -41.01% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EGHT starting from Seandel Suzy M, who sale 7,256 shares at the price of $2.27 back on Apr 16 ’24. After this action, Seandel Suzy M now owns 275,172 shares of 8X8 Inc., valued at $16,436 using the latest closing price.
Wilson Samuel C., the Chief Executive Officer of 8X8 Inc., sale 2,000 shares at $2.27 during a trade that took place back on Apr 15 ’24, which means that Wilson Samuel C. is holding 1,020,288 shares at $4,543 based on the most recent closing price.
Stock Fundamentals for EGHT
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.7 for the gross margin
The net margin for 8X8 Inc. stands at -0.07. The total capital return value is set at -0.02. Equity return is now at value -53.51, with -6.43 for asset returns.
Based on 8X8 Inc. (EGHT), the company’s capital structure generated 0.83 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 4.95. The interest coverage ratio of the stock is -0.24.
Currently, EBITDA for the company is -14.01 million with net debt to EBITDA at 7.31. When we switch over and look at the enterprise to sales, we see a ratio of 0.89. The receivables turnover for the company is 11.64for trailing twelve months and the total asset turnover is 0.89. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.15.
Conclusion
In a nutshell, 8X8 Inc. (EGHT) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
