8X8 Inc (NASDAQ: EGHT)’s stock price has plunge by -3.10relation to previous closing price of 2.58. Nevertheless, the company has seen a -11.66% plunge in its stock price over the last five trading sessions. zacks.com reported 2025-02-25 that 8×8 (EGHT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.
Is It Worth Investing in 8X8 Inc (NASDAQ: EGHT) Right Now?
Company’s 36-month beta value is 1.77.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 3 as “sell.”
The public float for EGHT is 127.75M, and currently, short sellers hold a 5.28% ratio of that floaft. The average trading volume of EGHT on February 28, 2025 was 938.18K shares.
EGHT’s Market Performance
EGHT stock saw a decrease of -11.66% in the past week, with a monthly decline of -16.11% and a quarterly a decrease of -17.76%. The volatility ratio for the week is 6.38%, and the volatility levels for the last 30 days are 8.59% for 8X8 Inc (EGHT). The simple moving average for the past 20 days is -12.71% for EGHT’s stock, with a 0.81% simple moving average for the past 200 days.
Analysts’ Opinion of EGHT
Many brokerage firms have already submitted their reports for EGHT stocks, with Mizuho repeating the rating for EGHT by listing it as a “Underperform.” The predicted price for EGHT in the upcoming period, according to Mizuho is $2.50 based on the research report published on December 13, 2024 of the previous year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see EGHT reach a price target of $2, previously predicting the price at $3. The rating they have provided for EGHT stocks is “Underweight” according to the report published on June 14th, 2024.
Craig Hallum gave a rating of “Buy” to EGHT, setting the target price at $4.50 in the report published on November 02nd of the previous year.
EGHT Trading at -9.74% 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 -28.98% of loss for the given period.
Volatility was left at 8.59%, however, over the last 30 days, the volatility rate increased by 6.38%, as shares sank -15.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.87% lower at present.
During the last 5 trading sessions, EGHT fell by -11.66%, which changed the moving average for the period of 200-days by -11.03% in comparison to the 20-day moving average, which settled at $2.86. In addition, 8X8 Inc saw -6.37% 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 Kraus Kevin, who sale 1,000 shares at the price of $3.34 back on Feb 18 ’25. After this action, Kraus Kevin now owns 457,017 shares of 8X8 Inc, valued at $3,340 using the latest closing price.
Denny Laurence, the Chief Legal Officer of 8X8 Inc, sale 10,000 shares at $3.00 during a trade that took place back on Feb 11 ’25, which means that Denny Laurence is holding 233,791 shares at $30,000 based on the most recent closing price.
Stock Fundamentals for EGHT
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.68 for the gross margin
The net margin for 8X8 Inc stands at -0.06. The total capital return value is set at 0.0. Equity return is now at value -40.78, with -5.95 for asset returns.
Based on 8X8 Inc (EGHT), the company’s capital structure generated 0.71 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 2.45. The interest coverage ratio of the stock is 0.02.
Currently, EBITDA for the company is 23.06 million with net debt to EBITDA at 4.93. When we switch over and look at the enterprise to sales, we see a ratio of 0.7. The receivables turnover for the company is 13.71for trailing twelve months and the total asset turnover is 1.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.06.
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.
