As of close of business last night, 8X8 Inc.’s stock clocked out at $2.44, down -0.41% from its previous closing price of $2.45. In other words, the price has decreased by -$0.0100 from its previous closing price. On the day, 1457283 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 1.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.90. 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 Feb 16 when Middleton Hunter sold 500 shares for $2.69 per share. The transaction valued at 1,347 led to the insider holds 445,469 shares of the business.
Kraus Kevin sold 487 shares of EGHT for $1,312 on Feb 16. The Chief Financial Officer now owns 322,307 shares after completing the transaction at $2.69 per share. On Feb 15, another insider, Wilson Samuel C., who serves as the Chief Executive Officer of the company, sold 2,000 shares for $2.75 each. As a result, the insider received 5,500 and left with 1,038,028 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 300.53M and an Enterprise Value of 674.08M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.41 while its Price-to-Book (P/B) ratio in mrq is 2.74. Its current Enterprise Value per Revenue stands at 0.92 whereas that against EBITDA is 17.36.
Stock Price History:
Over the past 52 weeks, EGHT has reached a high of $5.90, while it has fallen to a 52-week low of $2.15. The 50-Day Moving Average of the stock is 3.3058, while the 200-Day Moving Average is calculated to be 3.3403.
Shares Statistics:
It appears that EGHT traded 1.67M shares on average per day over the past three months and 2.21M shares per day over the past ten days. A total of 123.42M shares are outstanding, with a floating share count of 119.00M. Insiders hold about 3.58% of the company’s shares, while institutions hold 94.22% stake in the company. Shares short for EGHT as of Jan 31, 2024 were 17.54M with a Short Ratio of 10.52, compared to 16.3M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 14.21% and a Short% of Float of 30.41%.
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.
