8X8 Inc (NASDAQ: EGHT) is 6.37% higher on its value in year-to-date trading and has touched a low of $1.51 and a high of $3.41 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EGHT stock was last observed hovering at around $2.69 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $2.84, the stock is 3.73% and 0.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing 5.58% at the moment leaves the stock 16.37% off its SMA200. EGHT registered 4.80% gain for a year compared to 6-month gain of 12.25%. The firm has a 50-day simple moving average (SMA 50) of $2.8382 and a 200-day simple moving average (SMA200) of $2.43725.
The stock witnessed a 5.19% loss in the last 1 month and extending the period to 3 months gives it a 22.41%, and is -3.40% 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 8.69% over the week and 5.79% over the month.
8X8 Inc (EGHT) has around 1948 employees, a market worth around $371.08M and $717.44M in sales. Fwd P/E is 7.72. Profit margin for the company is -6.33%. Distance from 52-week low is 88.08% and -16.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.89%).
with sales reaching $177.97M over the same period.The EPS is expected to shrink by -23.62% this year, but quarterly earnings will post -1.74% year-over-year. Quarterly sales are estimated to shrink -0.80% in year-over-year returns.
187.0 institutions hold shares in 8X8 Inc (EGHT), with institutional investors hold 85.47% of the company’s shares. The shares outstanding are 131.47M, and float is at 126.57M with Short Float at 5.50%. Institutions hold 83.49% of the Float.
The top institutional shareholder in the company is SYLEBRA CAPITAL LLC with over 14.39 million shares valued at $31.94 million. The investor’s holdings represent 11.8817 of the EGHT Shares outstanding. As of 2024-06-30, the second largest holder is ARROWMARK COLORADO HOLDINGS LLC with 13.17 million shares valued at $29.23 million to account for 10.8722 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 12.13 million shares representing 10.0147 and valued at over $26.93 million, while BLACKROCK INC. holds 9.2155 of the shares totaling 11.16 million with a market value of $24.78 million.
8X8 Inc (EGHT) Insider Activity
The most recent transaction is an insider sale by Kraus Kevin, the company’s Chief Financial Officer. SEC filings show that Kraus Kevin sold 1,000 shares of the company’s common stock on Jan 15 ’25 at a price of $2.60 per share for a total of $2600.0. Following the sale, the insider now owns 0.46 million shares.
8X8 Inc disclosed in a document filed with the SEC on Dec 16 ’24 that Kraus Kevin (Chief Financial Officer) sold a total of 1,000 shares of the company’s common stock. The trade occurred on Dec 16 ’24 and was made at $2.65 per share for $2648.0. Following the transaction, the insider now directly holds 0.46 million shares of the EGHT stock.
Still, SEC filings show that on Dec 16 ’24, KEVIN KRAUS (Officer) Proposed Sale 3,000 shares at an average price of $2.62 for $7875.0. The insider now directly holds shares of 8X8 Inc (EGHT).
