In the latest trading session,, 0.42 million 8X8 Inc. (NASDAQ:EGHT) shares changed hands as the company’s beta touched 1.58. With the company’s most recent per share price at $3.04 changing hands around $0.23 or 8.01% at last look, the market valuation stands at $380.53M. EGHT’s current price is a discount, trading about -60.53% off its 52-week high of $4.88. The share price had its 52-week low at $2.12, which suggests the last value was 30.26% up since then. When we look at 8X8 Inc.’s average trading volume, we note the 3-month average coming to 1.16 million.
8X8 Inc. (NASDAQ:EGHT) trade information
Instantly EGHT is in green as seen in intraday trades today. With action 9.17%, the performance over the past five days has been green. The jump to weekly highs of 3.08 added 8.01% to the stock’s daily price. The company’s shares are showing year-to-date downside of -19.71%, with the 5-day performance at 9.17% in the green. However, in the 30-day time frame, 8X8 Inc. (NASDAQ:EGHT) is 33.70% up.
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8X8 Inc. (EGHT) estimates and forecasts
Data shows that the 8X8 Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 3.94% over the past 6 months, a -12.77% in annual growth rate that is considerably lower than the industry average of 23.50%. Year-over-year growth is forecast to reach -0.10% down from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 178.72M. 12 analysts are of the opinion that 8X8 Inc.’s revenue for the current quarter will be 181.01M.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 9.88%. The 2024 estimates are for 8X8 Inc. earnings to decrease by -14.24%, but the outlook for the next 5-year period is at 11.60% per year.
EGHT Dividends
8X8 Inc. is expected to release its next quarterly earnings report in June.
