Does 8X8 Inc. (NASDAQ:EGHT) Look Expensive At $2.05? Here’s How To Know.

In recent trading session, 8X8 Inc. (NASDAQ:EGHT) saw 0.99 million shares changing hands at last check today with its beta currently measuring 1.58. Company’s recent per share price level of $2.05 trading at -$0.27 or -11.66% at last check today assigns it a market valuation of $256.40M. That most recent trading price of EGHT’s stock is at a discount of -138.05% from its 52-week high price of $4.88 and is indicating a discount of -3.41% from its 52-week low price of $2.12. Taking a look at company’s average trading volume volume of 1.03 million if we extend that period to 3-months.

8X8 Inc. (NASDAQ:EGHT) trade information

Upright in the red during last session for losing -11.66%, in the last five days EGHT remained trading in the red while hitting it’s week-highest on Wednesday, 06/12/24 when the stock touched $2.05 price level, adding 22.93% to its value on the day. 8X8 Inc.’s shares saw a change of -45.90% in year-to-date performance and have moved -21.35% in past 5-day. 8X8 Inc. (NASDAQ:EGHT) showed a performance of -26.17% in past 30-days.

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8X8 Inc. (EGHT) estimates and forecasts

Statistics highlight that 8X8 Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -45.47% of value to its shares in past 6 months, showing an annual growth rate of -12.77% while that of industry is 23.50. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 9.88% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -14.24% while estimates for its earnings growth in next 5 years are of 11.60%.

EGHT Dividends

8X8 Inc. is more likely to be releasing its next quarterly report in July and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.