How have 8×8 Inc. (EGHT)’s performance and profitability changed over the time?

As of right now, 8×8 Inc. [EGHT] is trading at $4.88, up 3.61%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The EGHT shares have gain 6.09% over the last week, with a monthly amount glided 5.86%, and seem to be holding up well over a long-time horizon.

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On 17, January 2023, 8×8 Launches 8×8 Customer Labs Open Beta Program. In a post published today on Yahoo Finance, Innovative new early-access program engages customers to help enhance 8×8 XCaaS product design, features, and user experience.

From an analyst’s perspective:

8×8 Inc. [NASDAQ: EGHT] stock has seen the most recent analyst activity on December 15, 2022, when Wedbush initiated its Neutral rating and assigned the stock a price target of $7. Previously, BofA Securities upgraded its rating to Buy on August 08, 2022. On August 05, 2022, upgrade upgraded it’s rating to Buy. Oppenheimer downgraded its rating to a Perform. MKM Partners initiated its recommendation with a Neutral and recommended $5.50 as its price target on August 04, 2022. BTIG Research downgraded its rating to Neutral for this stock on July 28, 2022. In a note dated June 24, 2022, Evercore ISI downgraded an In-line rating on this stock but restated the target price of $6.

Through the last year, 8×8 Inc.’s stock price ranged from $2.87 to $16.28. Currently, Wall Street analysts expect the stock to reach $5.38 within the next 12 months. 8×8 Inc. [NASDAQ: EGHT] shares were valued at $4.88 at the most recent close of the market. An investor can expect a potential return of 10.25% based on the average EGHT price forecast.

Analyzing the EGHT fundamentals

For 8×8 Inc., (EGHT), the latest quarter sales were 187.39 billion, which represents an 23.60% increase. Gross Margin for this corporation currently stands at +60.71% with Operating Margin at -22.64%, Pretax Margin comes in at -27.54%, and Net Margin reading is -27.48%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.69 points at the first support level, and at 4.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.01, and for the 2nd resistance point, it is at 5.15.

8×8 Inc. [EGHT] reported earnings per share of $0.05 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.04/share, meaning a difference of $0.01 and a surprise factor of 25.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $0.09 per share as compared to estimates of $0.03 per share, a difference of $0.06 representing a surprise of 200.00%.

Ratios To Look Out For

It is important to note that 8×8 Inc. [NASDAQ:EGHT] has a current ratio of 1.60. In addition, the Quick Ratio stands at 1.25 and the Cash Ratio stands at 0.76. Considering the valuation of this stock, the price to sales ratio is 2.24, the price to book ratio is 8.14.

Transactions by insiders

In the past 3 months, 2 insiders have purchased 287,356 shares, and 12 have sold 111,529 shares. Recent insider trading involved Middleton Hunter, Chief Product Officer, that happened on Jan 17 when 694.0 shares were sold. Interim Chief Executive Off., Wilson Samuel C. completed a deal on Jan 17 to sell 2000.0 shares. Meanwhile, Chief Legal Officer Denny Laurence sold 717.0 shares on Jan 17.