At the time of writing, 8X8 Inc. [EGHT] stock is trading at $1.95, up 7.73%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The EGHT shares have gain 15.38% over the last week, with a monthly amount drifted -40.73%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
8X8 Inc. [NASDAQ: EGHT] stock has seen the most recent analyst activity on June 14, 2024, when Morgan Stanley downgraded its rating to a Underweight and also revised its price target to $2 from $3. Previously, Craig Hallum upgraded its rating to Buy on November 02, 2023, and kept the price target unchanged to $4.50. On August 09, 2023, downgrade downgraded it’s rating to Hold and revised its price target to $4 on the stock. Rosenblatt started tracking the stock assigning a Buy rating and suggested a price target of $6 on March 24, 2023. Wedbush initiated its recommendation with a Neutral and recommended $7 as its price target on December 15, 2022. BofA Securities upgraded its rating to Buy for this stock on August 08, 2022. In a note dated August 05, 2022, Craig Hallum upgraded an Buy rating on this stock.
For the past year, the stock price of 8X8 Inc. fluctuated between $1.51 and $3.92. Currently, Wall Street analysts expect the stock to reach $25.57 within the next 12 months. 8X8 Inc. [NASDAQ: EGHT] shares were valued at $1.95 at the most recent close of the market. An investor can expect a potential return of 1211.28% based on the average EGHT price forecast.
Analyzing the EGHT fundamentals
According to 8X8 Inc. [NASDAQ:EGHT], the company’s sales were 723.57M for trailing twelve months, which represents an -2.80% plunge. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.59 and Total Capital is -0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.04.
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 1.8567 points at the first support level, and at 1.7633 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.0067, and for the 2nd resistance point, it is at 2.0633.
Ratios To Look Out For
It is important to note that 8X8 Inc. [NASDAQ:EGHT] has a current ratio of 1.29. As well, the Quick Ratio is 1.29, while the Cash Ratio is 0.76. Considering the valuation of this stock, the price to sales ratio is 0.35, the price to book ratio is 2.39.
Transactions by insiders
Recent insider trading involved Middleton Hunter, Chief Product Officer, that happened on Aug 16 ’24 when 417.0 shares were sold. Chief Financial Officer, Kraus Kevin completed a deal on Aug 15 ’24 to sell 1000.0 shares. Meanwhile, Chief Financial Officer Kraus Kevin sold 406.0 shares on Aug 16 ’24.
