8X8 Inc [NASDAQ: EGHT] loss -0.74% on the last trading session, reaching $2.68 price per share at the time.
If compared to the average trading volume of 874.00K shares, EGHT reached a trading volume of 294452 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about 8X8 Inc [EGHT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EGHT shares is $3.13 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EGHT stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Mizuho have made an estimate for 8X8 Inc shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on December 13, 2024. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $3 to $2. The new note on the price target was released on June 14, 2024, representing the official price target for 8X8 Inc stock. Previously, the target price had yet another raise to $4.50, while Craig Hallum analysts kept a Buy rating on EGHT stock. On August 09, 2023, analysts decreased their price target for EGHT shares from 7 to 4.
The Average True Range (ATR) for 8X8 Inc is set at 0.17, with the Price to Sales ratio for EGHT stock in the period of the last 12 months amounting to 0.47. The Price to Book ratio for the last quarter was 3.08, with the Price to Cash per share for the same quarter was set at 0.90. Price to Free Cash Flow for EGHT in the course of the last twelve months was 5.94 with Quick ratio for the last quarter at 1.02.
Trading performance analysis for EGHT stock
8X8 Inc [EGHT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.50. With this latest performance, EGHT shares dropped by -14.80% in over the last four-week period, additionally plugging by 28.22% over the last 6 months – not to mention a drop of -26.21% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EGHT stock in for the last two-week period is set at 39.02, with the RSI for the last a single of trading hit 36.05, and the three-weeks RSI is set at 47.13 for 8X8 Inc [EGHT]. The present Moving Average for the last 50 days of trading for this stock 2.67, while it was recorded at 2.71 for the last single week of trading, and 2.42 for the last 200 days.
8X8 Inc [EGHT]: A deeper dive into fundamental analysis
8X8 Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.02 and a Current Ratio set at 1.02.
8X8 Inc [EGHT]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EGHT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for 8X8 Inc go to 5.00%.
An analysis of Institutional ownership at 8X8 Inc [EGHT]
There are presently around $83.87%, or 85.86%% of EGHT stock, in the hands of institutional investors. The top three institutional holders of EGHT stocks are: SYLEBRA CAPITAL LLC with ownership of 14.39 million shares, which is approximately 11.8817%. ARROWMARK COLORADO HOLDINGS LLC, holding 13.17 million shares of the stock with an approximate value of $$29.23 million in EGHT stocks shares; and ARROWMARK COLORADO HOLDINGS LLC, currently with $$26.93 million in EGHT stock with ownership which is approximately 10.0147%.
