A share price of 8X8 Inc [EGHT] is currently trading at $2.06, down -4.63%. An important factor to consider is whether the stock is rising or falling in short-term value. The EGHT shares have gain 10.75% over the last week, with a monthly amount glided 17.71%, 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 experienced fluctuations in its stock price throughout the past year between $1.51 and $3.52. Currently, Wall Street analysts expect the stock to reach $19.78 within the next 12 months. 8X8 Inc [NASDAQ: EGHT] shares were valued at $2.06 at the most recent close of the market. An investor can expect a potential return of 860.19% based on the average EGHT price forecast.
Analyzing the EGHT fundamentals
Trailing Twelve Months sales for 8X8 Inc [NASDAQ:EGHT] were 715.07M which represents -1.32% decline. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.24 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.36.
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 2.02 points at the first support level, and at 1.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.13, and for the 2nd resistance point, it is at 2.21.
Ratios To Look Out For
To put it in perspective, the Current Ratio for 8X8 Inc [NASDAQ:EGHT] is 1.02. On the other hand, the Quick Ratio is 1.02, and the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 0.39, the price to book ratio is 2.26.
Transactions by insiders
Recent insider trading involved Burton Andrew F., Director, that happened on Jun 18 ’25 when 6644.0 shares were sold. Director, ANDREW BURTON completed a deal on Jun 18 ’25 to buy 6644.0 shares. Meanwhile, 10% Owner SYLEBRA CAPITAL LLC sold 0.2 million shares on Jun 11 ’25.
