Analyst Expects 8X8 Inc. (NASDAQ: EGHT) To Make Big Moves

After Hours

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.

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Stocks Info

As a NASDAQ listed company, EGHT falls under the Technology sector while operating within the Software – Application industry segment. The current market capitalization of 8X8 Inc. is $288.80M. A total of 1.08 million shares were traded on the day, compared to an average of 1.36M shares.

In the most recent transaction, Seandel Suzy M sold 7,256 shares of EGHT for 2.27 per share on Apr 16 ’24. After the transaction, the Chief Accounting Officer now owns 275,172 company shares. In a previous transaction on Apr 15 ’24, Wilson Samuel C. sold 2,000 shares at 2.27 per share. EGHT shares that Chief Executive Officer owns now total 1,020,288.

Among the insiders who sold shares, Kraus Kevin disposed of 1,000 shares on Apr 15 ’24 at a per-share price of $2.33. This resulted in the Chief Financial Officer holding 318,512 shares of EGHT after the transaction. In another insider transaction, Wilson Samuel C. sold 13,740 shares at $2.66 per share on Mar 18 ’24. Company shares held by the Chief Executive Officer now total 1,022,288.

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. In terms of 52-week highs and lows, EGHT has a high of $4.88 and a low of $2.12.

As of this writing, EGHT has an earnings estimate of $0.06 per share for the current quarter. EPS was calculated based on a consensus of 13.0 estimates, with a high estimate of $0.1 per share and a lower estimate of -$0.02. The company reported an EPS of $0.11 in the last quarter

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 $0.89, while its Total Shareholder’s Equity was $182.37M.

Analysts Opinion

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 3.54.

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