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EGHT’s Stock Dilemma: 8X8 Inc’s Market Performance and Outlook

In terms of market performance, 8X8 Inc had a somewhat inconsistent run in. The highest value for the stock in the past year was $3.92 on 12/28/23, while the lowest value was $1.51 on 08/08/24.

52-week price history of EGHT Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. 8X8 Inc’s current trading price is -25.89% away from its 52-week high, while its distance from the 52-week low is 92.38%. The stock’s price range for this period has remained between $1.51 and $3.92. The Technology sector company’s shares managed to surpass a trading volume of around 2.5 million for the day, which was noticeably higher compared to the shares’ average daily volume of 0.95 million over the last three months.

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Financial Performance and Market Capitalization

8X8 Inc (EGHT) has experienced a quarterly rise of 12.60% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 372.80M and boasts a workforce of 1948 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 2.16, with a change in price of +0.68. Similarly, 8X8 Inc recorded 1,060,640 in trading volume during the last 100 days, posting a change of +29.59%.

EGHT Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for EGHT stands at 4.57. Similarly, the long-term debt-to-equity ratio is also 4.45.

EGHT Stock Stochastic Average

As of today, the raw stochastic average of 8X8 Inc over the past 50 days is 99.63%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 99.59%. Additionally, the Stochastic %K and %D values for the company were 90.68% and 90.91%, respectively, over the past 20 days.

EGHT Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The index has shown a price loss of -23.15% this year. Over the last six months, there has been a weaker performance of 23.62%. The price of EGHT fallen by 46.72% during the last 30 days period. For the last 5-days stocks have improved 38.33%.

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