There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for 8×8 Inc. (EGHT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.39%, to $2.60. The 8×8 Inc. has recorded 19,978 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that 8×8 Launches New SMS Fraud Prevention Communication API.
As a NASDAQ listed company, EGHT falls under the Technology sector while operating within the Software – Application industry segment. At the end of the last regular session, the stock closed at $2.59 and fluctuated between $2.6900 as its day high and $2.5600 as its day low. The current market capitalization of 8×8 Inc. is $309.53M. A total of 2.68 million shares were traded on the day, compared to an average of 1.81M shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, EGHT has seen 11 BUY and 22 SELL insider trades, representing the acquisition of 1,292,766 and the disposition of 189,553 shares. Over the last 12 months, there were 13 BUYs and 71 SELLs from insiders. Insiders purchased 1,580,122 shares during that period but sold 393,625.
In the most recent transaction, Middleton Hunter sold 415 shares of EGHT for 3.47 per share on Aug 16. After the transaction, the Chief Product Officer now owns 456,449 company shares. In a previous transaction on Aug 16, Kraus Kevin sold 404 shares at 3.47 per share. EGHT shares that Chief Financial Officer owns now total 337,498.
Among the insiders who sold shares, Wilson Samuel C. disposed of 2,000 shares on Aug 15 at a per-share price of $3.57. This resulted in the Chief Executive Officer holding 1,141,696 shares of EGHT after the transaction. In another insider transaction, Denny Laurence sold 1,500 shares at $4.59 per share on Aug 07. Company shares held by the Chief Legal Officer now total 206,644.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for EGHT in the last 3 months, the mean price target is $4.85 with high estimates of $7.00 and low estimates of $3.00. In terms of 52-week highs and lows, EGHT has a high of $6.49 and a low of $2.48.
As of this writing, EGHT has an earnings estimate of $0.09 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.1 per share and a lower estimate of $0.06. The company reported an EPS of $0.11 in the last quarter, which was 22.20% higher than expectations of $0.09.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. EGHT’s latest balance sheet shows that the firm has $136.05M in Cash & Short Term Investments as of fiscal 2022. There were $537.46M in debt and $191.53M in liabilities at the time. Its Book Value Per Share was $0.90, while its Total Shareholder’s Equity was $182.37M.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EGHT is Buy with a score of 3.70.