At the time of writing, 8X8 Inc [EGHT] stock is trading at $2.81, down -1.06%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The EGHT shares have gain 8.91% over the last week, with a monthly amount glided 4.07%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
8X8 Inc [NASDAQ: EGHT] stock has seen the most recent analyst activity on December 13, 2024, when Mizuho downgraded its rating to a Underperform and also revised its price target to $2.50 from $2.75. Previously, Morgan Stanley downgraded its rating to Underweight on June 14, 2024, and dropped its price target to $2. On November 02, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $4.50 on the stock. Craig Hallum downgraded its rating to a Hold and decreased its price target to $4 on August 09, 2023. Rosenblatt initiated its recommendation with a Buy and recommended $6 as its price target on March 24, 2023. Wedbush started tracking with a Neutral rating for this stock on December 15, 2022, and assigned it a price target of $7. In a note dated August 08, 2022, BofA Securities upgraded an Buy rating on this stock.
For the past year, the stock price of 8X8 Inc fluctuated between $1.51 and $3.76. Currently, Wall Street analysts expect the stock to reach $3 within the next 12 months. 8X8 Inc [NASDAQ: EGHT] shares were valued at $2.81 at the most recent close of the market. An investor can expect a potential return of 6.76% based on the average EGHT price forecast.
Analyzing the EGHT fundamentals
According to 8X8 Inc [NASDAQ:EGHT], the company’s sales were 719.56M for trailing twelve months, which represents an -2.16% plunge. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.09, Equity is -0.65 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.2.
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 2.73 points at the first support level, and at 2.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.92, and for the 2nd resistance point, it is at 3.03.
Ratios To Look Out For
It is important to note that 8X8 Inc [NASDAQ:EGHT] has a current ratio of 1.02. Also, the Quick Ratio is 1.02, while the Cash Ratio stands at 0.56. Considering the valuation of this stock, the price to sales ratio is 0.51, the price to book ratio is 3.34.
Transactions by insiders
Recent insider trading involved Kraus Kevin, Chief Financial Officer, that happened on Jan 15 ’25 when 1000.0 shares were sold. Chief Financial Officer, Kraus Kevin completed a deal on Dec 16 ’24 to sell 1000.0 shares. Meanwhile, Officer KEVIN KRAUS bought 3000.0 shares on Dec 16 ’24.
