As of close of business last night, 8X8 Inc.’s stock clocked out at $2.53, up 2.85% from its previous closing price of $2.46. In other words, the price has increased by $+0.0700 from its previous closing price. On the day, 1616202 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 1.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.04. 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:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EGHT now has a Market Capitalization of 312.26M and an Enterprise Value of 685.80M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.43 while its Price-to-Book (P/B) ratio in mrq is 2.84. Its current Enterprise Value per Revenue stands at 0.93 whereas that against EBITDA is 17.66.
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. The 50-Day Moving Average of the stock is 2.7968, while the 200-Day Moving Average is calculated to be 3.1923.
Shares Statistics:
It appears that EGHT traded 1.54M shares on average per day over the past three months and 961.89k shares per day over the past ten days. 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 94.27% stake in the company. Shares short for EGHT as of Mar 15, 2024 were 16.12M with a Short Ratio of 10.47, compared to 16.93M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 13.06% and a Short% of Float of 27.94%.
Earnings Estimates
As of right now, 13 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.06 for the current quarter, with a high estimate of $0.1 and a low estimate of -$0.02, while EPS last year was $0.11. The consensus estimate for the next quarter is $0.1, with high estimates of $0.14 and low estimates of $0.08.
Analysts are recommending an EPS of between $0.49 and $0.36 for the fiscal current year, implying an average EPS of $0.45. EPS for the following year is $0.45, with 13 analysts recommending between $0.52 and $0.35.
Revenue Estimates
In the current quarter, 12 analysts expect revenue to total $178.83M. It ranges from a high estimate of $180.37M to a low estimate of $178M. As of the current estimate, 8X8 Inc.’s year-ago sales were $184.53M, an estimated decrease of -3.10% from the year-ago figure.
A total of 13 analysts have provided revenue estimates for EGHT’s current fiscal year. The highest revenue estimate was $729.66M, while the lowest revenue estimate was $727.2M, resulting in an average revenue estimate of $728.06M. In the same quarter a year ago, actual revenue was $743.94M, down -2.10% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $733.73M in the next fiscal year. The high estimate is $748.26M and the low estimate is $727M. The average revenue growth estimate for next year is up 0.80% from the average revenue estimate for this year.
