8X8 Inc. (NASDAQ: EGHT) Prices Could Soar To Much Higher Levels In Coming Months

In the last trading session, 1.2 million 8X8 Inc. (NASDAQ:EGHT) shares changed hands as the company’s beta touched 1.45. With the company’s per share price at $2.29 changed hands at $0.03 or 1.33% during last session, the market valuation stood at $282.63M. EGHT’s last price was a discount, traded about -113.1% off its 52-week high of $4.88. The share price had its 52-week low at $2.15, which suggests the last value was 6.11% up since then. When we look at 8X8 Inc.’s average trading volume, we note the 3-month average coming to 1.53 million.

8X8 Inc. (NASDAQ:EGHT) trade information

Instantly EGHT was in green as seen at the end of in last trading. With action -11.58%, the performance over the past five days has been red. The jump to weekly highs of 2.55 added 1.33% to the stock’s daily price. The company’s shares are showing year-to-date downside of -39.42%, with the 5-day performance at -11.58% in the red. However, in the 30-day time frame, 8X8 Inc. (NASDAQ:EGHT) is -15.81% down.

8X8 Inc. (EGHT) estimates and forecasts

Data shows that the 8X8 Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -3.78% over the past 6 months, a 39.39% in annual growth rate that is considerably higher than the industry average of 20.10%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 11.16%. The 2024 estimates are for 8X8 Inc. earnings to increase by 39.65%.