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As of close of business last night, 8X8 Inc’s stock clocked out at $2.76, down -1.78% from its previous closing price of $2.81. In other words, the price has decreased by -$1.78 from its previous closing price. On the day, 0.65 million shares were traded. EGHT stock price reached its highest trading level at $2.8 during the session, while it also had its lowest trading level at $2.71.
Ratios:
To gain a deeper understanding of EGHT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.00 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.20. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 15 ’24 when Kraus Kevin sold 1,000 shares for $2.89 per share. The transaction valued at 2,890 led to the insider holds 472,275 shares of the business.
Seandel Suzy M sold 7,333 shares of EGHT for $15,228 on Oct 16 ’24. The Chief Accounting Officer now owns 319,798 shares after completing the transaction at $2.08 per share. On Oct 16 ’24, another insider, Suzy Seandel, who serves as the Officer of the company, bought 7,333 shares for $2.08 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 360624352 and an Enterprise Value of 576027840. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.49 while its Price-to-Book (P/B) ratio in mrq is 3.28. Its current Enterprise Value per Revenue stands at 0.801 whereas that against EBITDA is 26.693.
Stock Price History:
The Beta on a monthly basis for EGHT is 1.56, which has changed by -0.03767121 over the last 52 weeks, in comparison to a change of 0.2936039 over the same period for the S&P500. 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 27.60%, while the 200-Day Moving Average is calculated to be 15.41%.
Shares Statistics:
It appears that EGHT traded 868.63K shares on average per day over the past three months and 1563080 shares per day over the past ten days. A total of 130.66M shares are outstanding, with a floating share count of 126.40M. Insiders hold about 3.26% of the company’s shares, while institutions hold 84.34% stake in the company. Shares short for EGHT as of 1730332800 were 8885852 with a Short Ratio of 10.23, compared to 1727654400 on 9436804. Therefore, it implies a Short% of Shares Outstanding of 8885852 and a Short% of Float of 8.790000000000001.
