8X8 Inc [EGHT] stock is trading at $3.12, down -10.23%. 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 13.27% over the last week, with a monthly amount glided 14.52%, 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.
8X8 Inc [EGHT] stock has fluctuated between $1.51 and $3.49 over the past year. Currently, Wall Street analysts expect the stock to reach $3 within the next 12 months. 8X8 Inc [NASDAQ: EGHT] shares were valued at $3.12 at the most recent close of the market. An investor can expect a potential drop of -3.85% based on the average EGHT price forecast.
Analyzing the EGHT fundamentals
8X8 Inc [NASDAQ:EGHT] reported sales of 717.44M for the trailing twelve months, which represents a drop of -1.17%. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.42 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.45.
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 2.94 points at the first support level, and at 2.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.40, and for the 2nd resistance point, it is at 3.69.
Ratios To Look Out For
For context, 8X8 Inc’s Current Ratio is 1.06. Also, the Quick Ratio is 1.06, while the Cash Ratio stands at 0.59. Considering the valuation of this stock, the price to sales ratio is 0.57, the price to book ratio is 3.62.
Transactions by insiders
Recent insider trading involved Denny Laurence, Chief Legal Officer, that happened on Feb 11 ’25 when 10000.0 shares were sold. Officer, LAURENCE DENNY completed a deal on Feb 11 ’25 to buy 10000.0 shares. Meanwhile, Chief Financial Officer Kraus Kevin sold 1000.0 shares on Jan 15 ’25.
