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The price of 8X8 Inc. (NASDAQ: EGHT) closed at $2.00 in the last session, up 3.63% from day before closing price of $1.93. In other words, the price has increased by $3.63 from its previous closing price. On the day, 0.93 million shares were traded. EGHT stock price reached its highest trading level at $2.02 during the session, while it also had its lowest trading level at $1.89.
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 1.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.96. For the most recent quarter (mrq), Quick Ratio is recorded 1.29 and its Current Ratio is at 1.29. In the meantime, Its Debt-to-Equity ratio is 4.57 whereas as Long-Term Debt/Eq ratio is at 4.45.
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:
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 Sep 16 ’24 when Denny Laurence sold 5,081 shares for $1.83 per share. The transaction valued at 9,318 led to the insider holds 276,246 shares of the business.
Kraus Kevin sold 8,995 shares of EGHT for $16,511 on Sep 16 ’24. The Chief Financial Officer now owns 474,275 shares after completing the transaction at $1.84 per share. On Sep 16 ’24, another insider, Wilson Samuel C., who serves as the Chief Executive Officer of the company, sold 26,254 shares for $1.83 each. As a result, the insider received 48,145 and left with 1,368,959 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 256660000 and an Enterprise Value of 484966016. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.35 while its Price-to-Book (P/B) ratio in mrq is 2.45. Its current Enterprise Value per Revenue stands at 0.67 whereas that against EBITDA is 40.6.
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 -5.32%, while the 200-Day Moving Average is calculated to be -23.23%.
Shares Statistics:
According to the various share statistics, EGHT traded on average about 1.03M shares per day over the past 3-months and 788890 shares per day over the past 10 days. A total of 125.19M shares are outstanding, with a floating share count of 124.14M. Insiders hold about 3.27% of the company’s shares, while institutions hold 88.81% stake in the company. Shares short for EGHT as of 1726185600 were 9824748 with a Short Ratio of 9.53, compared to 1723680000 on 10573962. Therefore, it implies a Short% of Shares Outstanding of 9824748 and a Short% of Float of 9.94.
