Analytical Lens: Exploring 8X8 Inc. (EGHT)’s Financial Story Through Ratios

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The closing price of 8X8 Inc. (NASDAQ: EGHT) was $2.61 for the day, up 3.16% from the previous closing price of $2.53. In other words, the price has increased by $3.16 from its previous closing price. On the day, 1.05 million shares were traded. EGHT stock price reached its highest trading level at $2.62 during the session, while it also had its lowest trading level at $2.495.


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 2.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.29. For the most recent quarter (mrq), Quick Ratio is recorded 1.23 and its Current Ratio is at 1.23. In the meantime, Its Debt-to-Equity ratio is 4.68 whereas as Long-Term Debt/Eq ratio is at 4.57.

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:

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 May 16 ’24 when Middleton Hunter sold 422 shares for $2.70 per share. The transaction valued at 1,138 led to the insider holds 435,024 shares of the business.

Kraus Kevin sold 400 shares of EGHT for $1,078 on May 16 ’24. The Chief Financial Officer now owns 317,112 shares after completing the transaction at $2.70 per share. On May 15 ’24, another insider, Wilson Samuel C., who serves as the Chief Executive Officer of the company, sold 2,000 shares for $2.76 each. As a result, the insider received 5,518 and left with 1,018,288 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 327231360 and an Enterprise Value of 553543424. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.45 while its Price-to-Book (P/B) ratio in mrq is 3.20. Its current Enterprise Value per Revenue stands at 0.76 whereas that against EBITDA is 45.646.

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 $2.12. The 50-Day Moving Average of the stock is 3.51%, while the 200-Day Moving Average is calculated to be -8.51%.

Shares Statistics:

EGHT traded an average of 1.09M shares per day over the past three months and 877220 shares per day over the past ten days. A total of 125.19M shares are outstanding, with a floating share count of 122.32M. Insiders hold about 2.44% of the company’s shares, while institutions hold 91.15% stake in the company. Shares short for EGHT as of 1715731200 were 14509991 with a Short Ratio of 13.27, compared to 1713139200 on 14862466. Therefore, it implies a Short% of Shares Outstanding of 14509991 and a Short% of Float of 24.33.

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