The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The closing price of 8X8 Inc. (NASDAQ: EGHT) was $1.98 for the day, up 0.51% from the previous closing price of $1.97. In other words, the price has increased by $0.51 from its previous closing price. On the day, 0.7 million shares were traded. EGHT stock price reached its highest trading level at $1.996 during the session, while it also had its lowest trading level at $1.92.
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 1.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.92. 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:
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 Oct 16 ’24 when Seandel Suzy M sold 7,333 shares for $2.08 per share. The transaction valued at 15,228 led to the insider holds 319,798 shares of the business.
Suzy Seandel bought 7,333 shares of EGHT for $15,228 on Oct 16 ’24. On Oct 15 ’24, another insider, Kraus Kevin, who serves as the Chief Financial Officer of the company, sold 1,000 shares for $2.10 each. As a result, the insider received 2,100 and left with 473,275 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 254093408 and an Enterprise Value of 482717568. 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 2.42. Its current Enterprise Value per Revenue stands at 0.667 whereas that against EBITDA is 40.412.
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 5.21%, while the 200-Day Moving Average is calculated to be -20.74%.
Shares Statistics:
EGHT traded an average of 995.95K shares per day over the past three months and 689870 shares per day over the past ten 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 88.72% stake in the company. Shares short for EGHT as of 1727654400 were 9436804 with a Short Ratio of 9.48, compared to 1724976000 on 10165451. Therefore, it implies a Short% of Shares Outstanding of 9436804 and a Short% of Float of 9.55.
