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The closing price of 8X8 Inc (NASDAQ: EGHT) was $3.14 for the day, down -0.63% from the previous closing price of $3.16. In other words, the price has decreased by -$0.63 from its previous closing price. On the day, 0.55 million shares were traded. EGHT stock price reached its highest trading level at $3.23 during the session, while it also had its lowest trading level at $3.1.
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 3.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.16. 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, Morgan Stanley on June 14, 2024, Downgraded its rating to Underweight and sets its target price to $2 from $3 previously.
On November 02, 2023, Craig Hallum Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $4.50.
Craig Hallum Downgraded its Buy to Hold on August 09, 2023, whereas the target price for the stock was revised from $7 to $4.
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 Nov 22 ’24 when Denny Laurence sold 23,773 shares for $3.01 per share. The transaction valued at 71,485 led to the insider holds 241,246 shares of the business.
Denny Laurence sold 11,227 shares of EGHT for $33,681 on Nov 21 ’24. The Chief Legal Officer now owns 265,019 shares after completing the transaction at $3.00 per share. On Nov 21 ’24, another insider, LAURENCE A DENNY, who serves as the Officer of the company, bought 35,000 shares for $2.84 each.
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 410275552 and an Enterprise Value of 613127104. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.57 while its Price-to-Book (P/B) ratio in mrq is 3.73. Its current Enterprise Value per Revenue stands at 0.852 whereas that against EBITDA is 28.412.
Stock Price History:
Over the past 52 weeks, EGHT has reached a high of $3.92, while it has fallen to a 52-week low of $1.51. The 50-Day Moving Average of the stock is 35.04%, while the 200-Day Moving Average is calculated to be 30.84%.
Shares Statistics:
EGHT traded an average of 919.23K shares per day over the past three months and 1076340 shares per day over the past ten days. A total of 130.66M shares are outstanding, with a floating share count of 126.33M. Insiders hold about 3.32% of the company’s shares, while institutions hold 83.28% stake in the company. Shares short for EGHT as of 1731628800 were 8655870 with a Short Ratio of 9.42, compared to 1728950400 on 9080550. Therefore, it implies a Short% of Shares Outstanding of 8655870 and a Short% of Float of 8.559999999999999.
