8X8 Inc. (NASDAQ: EGHT) is -49.47% lower on its value in year-to-date trading and has touched a low of $1.85 and a high of $4.49 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 $2.58 in the last trading session, with the day’s loss setting it -0.67%.
Currently trading at $1.91, the stock is -33.36% and -25.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.2 million and changing -25.97% at the moment leaves the stock -32.18% off its SMA200. EGHT registered -54.63% loss for a year compared to 6-month loss of -31.05%.
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The stock witnessed a -13.57% gain in the last 1 month and extending the period to 3 months gives it a -18.38%, and is -32.51% down 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 19.08% over the week and 10.59% over the month.
8X8 Inc. (EGHT) has around 1948 employees, a market worth around $244.40M and $723.57M in sales. Fwd P/E is 4.34. Profit margin for the company is -8.65%. Distance from 52-week low is 3.24% and -57.46% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.96%).
The EPS is expected to shrink by -26.24% this year
The shares outstanding are 127.96M, and float is at 126.20M with Short Float at 11.01%.
8X8 Inc. (EGHT) Insider Activity
8X8 Inc. disclosed in a document filed with the SEC on Jul 29 ’24 that Bonner Monique (Director) sold a total of 17,500 shares of the company’s common stock. The trade occurred on Jul 29 ’24 and was made at $3.25 per share for $56807.0. Following the transaction, the insider now directly holds 94387.0 shares of the EGHT stock.
Still, SEC filings show that on Jul 29 ’24, Theophille Elizabeth Harriet (Director) disposed off 10,598 shares at an average price of $3.31 for $35078.0. The insider now directly holds 65,181 shares of 8X8 Inc. (EGHT).
