Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The price of 8X8 Inc (NASDAQ: EGHT) closed at $2.70 in the last session, down -3.23% from day before closing price of $2.79. In other words, the price has decreased by -$3.23 from its previous closing price. On the day, 0.6 million shares were traded. EGHT stock price reached its highest trading level at $2.92 during the session, while it also had its lowest trading level at $2.695.
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 3.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.50. For the most recent quarter (mrq), Quick Ratio is recorded 1.02 and its Current Ratio is at 1.02. In the meantime, Its Debt-to-Equity ratio is 4.20 whereas as Long-Term Debt/Eq ratio is at 3.74.
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 Dec 16 ’24 when Kraus Kevin sold 1,000 shares for $2.65 per share. The transaction valued at 2,648 led to the insider holds 459,641 shares of the business.
KEVIN KRAUS bought 3,000 shares of EGHT for $7,875 on Dec 16 ’24. On Dec 12 ’24, another insider, Burton Andrew F., who serves as the Director of the company, sold 1,980 shares for $3.14 each. As a result, the insider received 6,224 and left with 133,309 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 364543200 and an Enterprise Value of 563661376. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.51 while its Price-to-Book (P/B) ratio in mrq is 3.21. Its current Enterprise Value per Revenue stands at 0.783 whereas that against EBITDA is 26.12.
Stock Price History:
The Beta on a monthly basis for EGHT is 1.66, which has changed by -0.21186441 over the last 52 weeks, in comparison to a change of 0.24933672 over the same period for the S&P500. Over the past 52 weeks, EGHT has reached a high of $3.78, while it has fallen to a 52-week low of $1.51. The 50-Day Moving Average of the stock is -2.53%, while the 200-Day Moving Average is calculated to be 11.77%.
Shares Statistics:
According to the various share statistics, EGHT traded on average about 857.93K shares per day over the past 3-months and 585590 shares per day over the past 10 days. A total of 130.52M shares are outstanding, with a floating share count of 126.51M. Insiders hold about 3.18% of the company’s shares, while institutions hold 83.35% stake in the company. Shares short for EGHT as of 1734048000 were 8155629 with a Short Ratio of 9.51, compared to 1731628800 on 8655870. Therefore, it implies a Short% of Shares Outstanding of 8155629 and a Short% of Float of 8.06.
