Are analysts optimistic about 8×8 Inc.’s (NASDAQ:EGHT) stock?

8×8 Inc. (NASDAQ: EGHT) closed the day trading at $4.71 up 7.29% from the previous closing price of $4.39. In other words, the price has increased by $+0.3200 from its previous closing price. On the day, 1116063 shares were traded. EGHT stock price reached its highest trading level at $4.7400 during the session, while it also had its lowest trading level at $4.3600.

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For a better understanding of EGHT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.82. For the most recent quarter (mrq), Quick Ratio is recorded 1.60 and its Current Ratio is at 1.60. In the meantime, Its Debt-to-Equity ratio is 6.09 whereas as Long-Term Debt/Eq ratio is at 6.09.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Wedbush on December 15, 2022, initiated with a Neutral rating and assigned the stock a target price of $7.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 17 when Middleton Hunter sold 694 shares for $4.58 per share. The transaction valued at 3,179 led to the insider holds 288,222 shares of the business.

Wilson Samuel C. sold 2,000 shares of EGHT for $9,167 on Jan 17. The Interim Chief Executive Off. now owns 784,273 shares after completing the transaction at $4.58 per share. On Jan 17, another insider, Denny Laurence, who serves as the Chief Legal Officer of the company, sold 717 shares for $4.58 each. As a result, the insider received 3,285 and left with 117,671 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.75 while its Price-to-Book (P/B) ratio in mrq is 6.45.

Stock Price History:

Over the past 52 weeks, EGHT has reached a high of $16.28, while it has fallen to a 52-week low of $2.87. The 50-Day Moving Average of the stock is 4.3940, while the 200-Day Moving Average is calculated to be 5.5097.

Shares Statistics:

Over the past 3-months, EGHT traded about 2.04M shares per day on average, while over the past 10 days, EGHT traded about 981k shares per day. A total of 116.01M shares are outstanding, with a floating share count of 108.08M. Shares short for EGHT as of Oct 13, 2022 were 16.22M with a Short Ratio of 17.45M, compared to 13.92M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 14.85% and a Short% of Float of 25.23%.

Earnings Estimates

Current recommendations for the stock of the company come from 10 analysts. On average, analysts expect EPS of $0.05 for the current quarter, with a high estimate of $0.14 and a low estimate of $0, while EPS last year was $0.02. The consensus estimate for the next quarter is $0.08, with high estimates of $0.15 and low estimates of $0.02.

Analysts are recommending an EPS of between $0.5 and $0.11 for the fiscal current year, implying an average EPS of $0.26. EPS for the following year is $0.34, with 14 analysts recommending between $0.68 and $0.12.

Revenue Estimates

A total of 14 analysts have provided revenue estimates for EGHT’s current fiscal year. The highest revenue estimate was $760M, while the lowest revenue estimate was $752.3M, resulting in an average revenue estimate of $756.18M. In the same quarter a year ago, actual revenue was $638.13M, up 18.50% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $822.65M in the next fiscal year. The high estimate is $856.89M and the low estimate is $799.42M. The average revenue growth estimate for next year is up 8.80% from the average revenue estimate for this year.