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. 8X8 Inc’s current trading price is -4.05% away from its 52-week high, while its distance from the 52-week low is 116.56%. The stock’s price range during this period has varied between $1.51 and $3.41. The company, active in the Technology sector, saw a trading volume of around 2.05 million for the day, considerably higher average daily volume of 0.88 million observed over the last three months.
8X8 Inc’s stock has had a calm market performance. The 1-year high for the company’s stock was $3.41 on 07/26/24, and the lowest price during the same period was recorded at $1.51 on 08/08/24.
How Financial Performance Impacts Market Capitalization
8X8 Inc (EGHT) has experienced a quarterly rise of 9.73% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 430.64M and boasts a workforce of 1948 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 2.57, with a change in price of +1.37. Similarly, 8X8 Inc recorded 906,539 in trading volume during the last 100 days, posting a change of +72.11%.
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 3.77. Similarly, the long-term debt-to-equity ratio is also 3.52.
EGHT Stock Stochastic Average
As of today, the raw stochastic average of 8X8 Inc over the past 50 days is 96.24%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 95.95%. Additionally, the Stochastic %K and %D values for the company were 81.59% and 67.71%, respectively, over the past 20 days.
EGHT Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 22.47%.However, over the last six months, we can see a weaker performance of 86.86%. Over the last 30 days, the price of EGHT has fallen by 26.74%. And in the last five days, it has surged by 21.56%.
