Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. 8X8 Inc’s current trading price is -27.55% away from its 52-week high, while its distance from the 52-week low is 88.08%. The stock’s price range over this period has fluctuated between $1.51 and $3.92. The company, operating within the financial sector, had a trading volume of approximately 0.97 million for the day, which was noticeably higher than the average daily share volume of 0.87 million over the last 3 months.
8X8 Inc saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $3.92 on 12/28/23, while the lowest price for the same duration was marked at $1.51 on 08/08/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
8X8 Inc (EGHT) has experienced a quarterly rise of 56.91% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 371.08M and boasts a workforce of 1948 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.24, with a change in price of +0.62. Similarly, 8X8 Inc recorded 991,828 in trading volume during the last 100 days, posting a change of +27.93%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for EGHT stands at 4.20. Similarly, the long-term debt-to-equity ratio is also 3.74.
EGHT Stock Stochastic Average
Today, 8X8 Inc’s raw stochastic average for the past 50 days stands at 81.62%, indicating a rise from the raw stochastic average of the last 20 days, which was 77.88%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 71.56% and 72.85% respectively.
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. Year to date metric has recorded a loss of -24.87%.However, over the last six months, we can see a weaker performance of 1.07%. Over the last 30 days, the price of EGHT has fallen by 38.54%. And in the last five days, it has fallen by -1.39%.
