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8×8 Inc. (EGHT) Stock: Navigating a Year of Stock Volatility

Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. 8×8 Inc.’s current trading price is -59.48% away from its 52-week high, while its distance from the 52-week low is 6.05%. The stock’s price range during this period has varied between $2.48 and $6.49. The company, active in the Technology sector, saw a trading volume of around 25.43 million for the day, considerably higher average daily volume of 1.87 million observed over the last three months.

Currently, the stock price of 8×8 Inc. (EGHT) is $2.63. In the most recent trading session, the stock underwent a significant upswing, peaking at $2.66 after opening at $2.58. The stock touched a low of $2.495 before closing at $2.62.

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8×8 Inc.’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $6.49 on 02/08/23, and the lowest price during that time was $2.48, recorded on 09/12/23.

How Financial Performance Impacts Market Capitalization

8×8 Inc. (EGHT) has experienced a quarterly decline of -36.17% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 314.31M and boasts a workforce of 1921 employees.

The Role of Moving Averages and Trading Volume in Technical Analysis

Based on Barchart.com data, the company’s moving average over the 100-day period was 3.67, with a change in price of -0.50. Similarly, 8×8 Inc. recorded 2,069,515 in trading volume during the last 100 days, posting a change of -15.97%.

How EGHT’s Debt-to-Equity Ratio Affects Financial Health

A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for EGHT stands at 4.48. Similarly, the long-term debt-to-equity ratio is also 3.88.

EGHT Stock Stochastic Average

As of today, the raw stochastic average of 8×8 Inc. over the past 50 days is 6.26%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 13.27%. Additionally, the Stochastic %K and %D values for the company were 11.74% and 10.22%, respectively, over the past 20 days.

EGHT Stock Price Performance Analysis

The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price decrease of -39.12%. However, over the past six months, we’ve seen a stronger performance of -44.75%. The price of EGHT leaped by -22.42% over the last 30 days. And in the last five days, it has fallen by -1.87%.

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