8X8 Inc. (NASDAQ: EGHT) is -39.95% lower on its value in year-to-date trading and has touched a low of $1.85 and a high of $4.88 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EGHT stock was last observed hovering at around $2.21 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $2.27, the stock is 4.50% and -6.45% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing 2.71% at the moment leaves the stock -18.26% off its SMA200. EGHT registered -48.05% loss for a year compared to 6-month loss of -35.88%.
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The stock witnessed a -10.28% gain in the last 1 month and extending the period to 3 months gives it a -5.42%, and is 0.89% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.34% over the week and 6.59% over the month.
8X8 Inc. (EGHT) has around 1948 employees, a market worth around $290.47M and $728.71M in sales. Fwd P/E is 4.64. Profit margin for the company is -9.28%. Distance from 52-week low is 22.70% and -53.44% from its 52-week high. The company has generated returns on investments over the last 12 months (-11.89%).
The EPS is expected to shrink by -14.24% this year
The shares outstanding are 125.19M, and float is at 125.02M with Short Float at 11.40%.
8X8 Inc. (EGHT) Insider Activity
The most recent transaction is an insider sale by Wilson Samuel C., the company’s Chief Executive Officer. SEC filings show that Wilson Samuel C. sold 29,951 shares of the company’s common stock on Jun 20 ’24 at a price of $1.93 per share for a total of $57710.0. Following the sale, the insider now owns 0.94 million shares.
8X8 Inc. disclosed in a document filed with the SEC on Jun 20 ’24 that Middleton Hunter (Chief Product Officer) sold a total of 13,573 shares of the company’s common stock. The trade occurred on Jun 20 ’24 and was made at $1.93 per share for $26152.0. Following the transaction, the insider now directly holds 0.4 million shares of the EGHT stock.
Still, SEC filings show that on Jun 20 ’24, Kraus Kevin (Chief Financial Officer) disposed off 11,681 shares at an average price of $1.93 for $22507.0. The insider now directly holds 285,676 shares of 8X8 Inc. (EGHT).
