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The closing price of 8X8 Inc (NASDAQ: EGHT) was $2.67 for the day, down -5.65% from the previous closing price of $2.83. In other words, the price has decreased by -$5.65 from its previous closing price. On the day, 1.1 million shares were traded.
Ratios:
Our analysis of EGHT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.91. For the most recent quarter (mrq), Quick Ratio is recorded 1.06 and its Current Ratio is at 1.06. In the meantime, Its Debt-to-Equity ratio is 3.77 whereas as Long-Term Debt/Eq ratio is at 3.52.
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 the company, Mizuho on December 13, 2024, Downgraded its rating to Underperform and sets its target price to $2.50 from $2.75 previously.
On June 14, 2024, Morgan Stanley Downgraded its rating to Underweight which previously was Equal-Weight and also lowered its target price recommendation from $3 to $2.
Craig Hallum Upgraded its Hold to Buy on November 02, 2023, while the target price for the stock was maintained at $4.50.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 18 ’25 when Kraus Kevin sold 1,000 shares for $3.34 per share. The transaction valued at 3,340 led to the insider holds 457,017 shares of the business.
Denny Laurence sold 10,000 shares of EGHT for $30,000 on Feb 11 ’25. The Chief Legal Officer now owns 233,791 shares after completing the transaction at $3.00 per share. On Feb 11 ’25, another insider, LAURENCE DENNY, who serves as the Officer of the company, bought 10,000 shares for $2.86 each.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.49 while its Price-to-Book (P/B) ratio in mrq is 3.11.
Stock Price History:
Over the past 52 weeks, EGHT has reached a high of $3.52, while it has fallen to a 52-week low of $1.51. The 50-Day Moving Average of the stock is -5.02%, while the 200-Day Moving Average is calculated to be 7.81%.
Shares Statistics:
A total of 131.47M shares are outstanding, with a floating share count of 127.56M. Insiders hold about 3.14% of the company’s shares, while institutions hold 83.36% stake in the company.
