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In other words, the price has increased by $0.00 from its previous closing price. On the day, 0.56 million shares were traded. EGHT stock price reached its highest trading level at $1.76 during the session, while it also had its lowest trading level at $1.665.
Ratios:
Our goal is to gain a better understanding of EGHT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.35. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 29 ’24 when Theophille Elizabeth Harriet sold 10,598 shares for $3.31 per share. The transaction valued at 35,078 led to the insider holds 65,181 shares of the business.
Bonner Monique sold 17,500 shares of EGHT for $56,807 on Jul 29 ’24. The Director now owns 94,387 shares after completing the transaction at $3.25 per share. On Jul 29 ’24, another insider, MONIQUE BONNER, who serves as the Director of the company, bought 17,500 shares for $3.34 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 216877712 and an Enterprise Value of 450115168. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.30 while its Price-to-Book (P/B) ratio in mrq is 2.07. Its current Enterprise Value per Revenue stands at 0.622 whereas that against EBITDA is 37.682.
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 -30.49%, while the 200-Day Moving Average is calculated to be -39.64%.
Shares Statistics:
The stock has traded on average 1.23M shares per day over the past 3-months and 1986000 shares per day over the last 10 days, according to various share statistics. A total of 128.33M shares are outstanding, with a floating share count of 126.56M. Insiders hold about 1.38% of the company’s shares, while institutions hold 88.79% stake in the company. Shares short for EGHT as of 1722384000 were 12242122 with a Short Ratio of 9.98, compared to 1719532800 on 14250849. Therefore, it implies a Short% of Shares Outstanding of 12242122 and a Short% of Float of 12.3900004.
