During the last session, 8X8 Inc (NASDAQ:EGHT)’s traded shares were 0.79 million, with the beta value of the company hitting 1.78. The 52-week high for the EGHT share is $3.52, that puts it down -53.04 from that peak though still a striking 34.35% gain since the share price plummeted to a 52-week low of $1.51. The company’s market capitalization is $302.90M, and the average trade volume was 962.19K shares over the past three months.
8X8 Inc (EGHT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.80. EGHT has a Sell rating from 1 analyst(s) out of 6 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.08.
8X8 Inc (NASDAQ:EGHT) trade information
The stock’s 5-day price performance is -8.00%, and it has moved by -14.50% in 30 days. Based on these gigs, the overall price performance for the year is -13.86%.
The consensus price target of analysts on Wall Street is $3, which implies an increase of 23.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.5 and $3.5 respectively. As a result, EGHT is trading at a discount of -52.17% off the target high and -8.7% off the low.
8X8 Inc (EGHT) estimates and forecasts
In the rating firms’ projections, revenue will decrease -1.74% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 177.97M as predicted by 8 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 178.92M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 179.41M and 178.15M respectively. In this case, analysts expect current quarter sales to shrink by -0.80% and then jump by 0.44% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 9.88%. While earnings are projected to return -23.62% in 2025, the next five years will return -5.49% per annum.
EGHT Dividends
8X8 Inc is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 13.17 million shares, is of ARROWMARK COLORADO HOLDINGS LLC’s that is approximately 10.45% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $29.23 million.
Also, the Mutual Funds coming in first place with the largest holdings of 8X8 Inc (EGHT) shares are Vanguard Explorer Fund, Inc. and Vanguard Total Stock Market Index Fund . Data provided on Oct 31, 2024 indicates that Vanguard Explorer Fund, Inc. owns about 6.27 shares. This amounts to just over 5.61 percent of the company’s overall shares, with a $14.42 million market value. The same data shows that the other fund manager holds slightly less at 3.75, or about 3.36% of the stock, which is worth about $8.63 million.
