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 -31.63% away from its 52-week high, while its distance from the 52-week low is 77.48%. 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 0.29 million for the day, which was noticeably lower than the average daily share volume of 0.87 million over the last 3 months.
In terms of market performance, 8X8 Inc had a fairly uneven. The highest value for the stock in the past year was $3.92 on 12/28/23, and the lowest value was recorded at $1.51 on 08/08/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
8X8 Inc (EGHT) has experienced a quarterly rise of 32.14% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 338.41M 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 2.29, with a change in price of -0.08. Similarly, 8X8 Inc recorded 974,399 in trading volume during the last 100 days, posting a change of -2.90%.
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’s raw stochastic average for 8X8 Inc over the last 50 days is 56.30%.This indicates a increase from the raw stochastic average of the past 20 days, which was 23.48%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 25.88% and 26.83%, respectively.
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. This year’s metric has recorded a Price decrease of -31.48%. However, over the past six months, we’ve seen a weaker performance of 28.22%. The price of EGHT leaped by -14.80% over the last 30 days. And in the last five days, it has fallen by -6.50%.
