In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The price of 8X8 Inc (NASDAQ: EGHT) closed at $2.04 in the last session, up 2.00% from day before closing price of $2.00. In other words, the price has increased by $2.00 from its previous closing price. On the day, 0.72 million shares were traded. EGHT stock price reached its highest trading level at $2.04 during the session, while it also had its lowest trading level at $1.965.
Ratios:
We take a closer look at EGHT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.51. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 24 ’25 when SYLEBRA CAPITAL LLC sold 101,678 shares for $2.23 per share. The transaction valued at 226,742 led to the insider holds 14,085,649 shares of the business.
SYLEBRA CAPITAL LLC sold 52,149 shares of EGHT for $114,206 on Mar 20 ’25. The 10% Owner now owns 14,237,327 shares after completing the transaction at $2.19 per share. On Mar 21 ’25, another insider, SYLEBRA CAPITAL LLC, who serves as the 10% Owner of the company, sold 50,000 shares for $2.14 each. As a result, the insider received 107,000 and left with 14,187,327 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 268655744 and an Enterprise Value of 489462880. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.37 while its Price-to-Book (P/B) ratio in mrq is 2.37. Its current Enterprise Value per Revenue stands at 0.682 whereas that against EBITDA is 17.031.
Stock Price History:
The Beta on a monthly basis for EGHT is 1.82, which has changed by -0.19367588 over the last 52 weeks, in comparison to a change of 0.08089435 over the same period for the S&P500. 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 -20.05%, while the 200-Day Moving Average is calculated to be -15.84%.
Shares Statistics:
According to the various share statistics, EGHT traded on average about 1.02M shares per day over the past 3-months and 927310 shares per day over the past 10 days. A total of 131.47M shares are outstanding, with a floating share count of 127.83M. Insiders hold about 2.93% of the company’s shares, while institutions hold 83.14% stake in the company. Shares short for EGHT as of 1741910400 were 6775083 with a Short Ratio of 6.63, compared to 1739491200 on 6747816. Therefore, it implies a Short% of Shares Outstanding of 6775083 and a Short% of Float of 6.6300004999999995.
