8×8 Inc. (EGHT) market price of $33.20 offers the impression of an exciting value play

For the readers interested in the stock health of 8×8 Inc. (EGHT). It is currently valued at $33.20. When the trading was stopped its value was $33.75.

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Recently in News on December 10, 2020, Statement from the 8×8 Board of Directors. The Board of Directors at 8×8, Inc. (NYSE: EGHT) would like to thank Vik Verma for his vision and dedication to transforming the 8×8 product and business over the past seven years. Vik is a high-integrity, high-energy leader who built a $500M SaaS business with a vibrant customer base of over 1.3M licensed users, added more than $1.5B of market capitalization and leaves us with both an excellent platform and healthy business. We look forward to working with Vik through this transition and wish him the very best in his future endeavors. You can read further details here

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8×8 Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $34.60 on 01/04/21, with the lowest value was $30.53 for the same time period, recorded on 01/05/21.

8×8 Inc. (EGHT) full year performance was 79.95%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, 8×8 Inc. shares are logging -7.05% during the 52-week period from high price, and 210.28% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $10.70 and $35.72.

The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 2524175 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the 8×8 Inc. (EGHT) recorded performance in the market was -3.68%, having the revenues showcasing 110.79% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 3.51B, as it employees total of 1675 workers.

Market experts do have their say about 8×8 Inc. (EGHT)

During the last month, 0 analysts gave the 8×8 Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 19.82, with a change in the price was noted +17.20. In a similar fashion, 8×8 Inc. posted a movement of +107.50% for the period of last 100 days, recording 1,598,755 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for EGHT is recording 1.72 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.72.

Technical breakdown of 8×8 Inc. (EGHT)

Raw Stochastic average of 8×8 Inc. in the period of last 50 days is set at 87.52%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 83.03%. In the last 20 days, the company’s Stochastic %K was 87.36% and its Stochastic %D was recorded 89.79%.

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Bearing in mind the latest performance of 8×8 Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -3.68%. Additionally, trading for the stock in the period of the last six months notably improved by 107.89%, alongside a boost of 79.95% for the period of the last 12 months. The shares increased approximately by -3.94% in the 7-day charts and went down by 62.43% in the period of the last 30 days. Common stock shares were driven by 110.79% during last recorded quarter.

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