As of close of business last night, 8X8 Inc.’s stock clocked out at $2.26, down -3.00% from its previous closing price of $2.33. On the day, 789547 shares were traded.
Ratios:
To gain a deeper understanding of EGHT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.61. For the most recent quarter (mrq), Quick Ratio is recorded 1.15 and its Current Ratio is at 1.15. In the meantime, Its Debt-to-Equity ratio is 4.95 whereas as Long-Term Debt/Eq ratio is at 4.27.
On August 09, 2023, Craig Hallum Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $7 to $4.
On March 24, 2023, Rosenblatt started tracking the stock assigning a Buy rating and target price of $6.Rosenblatt initiated its Buy rating on March 24, 2023, with a $6 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 18 ’24 when Wilson Samuel C. sold 13,740 shares for $2.66 per share. The transaction valued at 36,613 led to the insider holds 1,022,288 shares of the business.
Middleton Hunter sold 10,023 shares of EGHT for $26,708 on Mar 18 ’24. The Chief Product Officer now owns 435,446 shares after completing the transaction at $2.66 per share. On Mar 18 ’24, another insider, Denny Laurence, who serves as the Chief Legal Officer of the company, sold 3,498 shares for $2.66 each. As a result, the insider received 9,321 and left with 182,649 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 2.54.
Stock Price History:
Over the past 52 weeks, EGHT has reached a high of $4.88, while it has fallen to a 52-week low of $2.15.
Shares Statistics:
A total of 123.42M shares are outstanding, with a floating share count of 119.07M. Insiders hold about 3.52% of the company’s shares, while institutions hold 94.28% stake in the company.
Earnings Estimates
As of right now, 8×8 Inc analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is $10.16, with high estimates of $21.48 and low estimates of $5.53.
EPS for the following year is $Stocks, with Stocks analysts recommending between $ETF and $Stocks.
