8X8 Inc (NASDAQ:EGHT) shares traded -5.56% down during most recent session to reach at the closing price of $22.41. The stock exchanged hands 5.25 Million shares versus average trading capacity of 1.32 Million shares, yielding a market cap of $2.12 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $22.66 within the next 52-weeks. The mean target projections are based on 14 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have 8X8 Inc (NASDAQ:EGHT) high price target of $27 and with a conservative view have low price target of $18.
“Maintained” 8X8 Inc (NASDAQ:EGHT) in a research note issued to investors on 5/15/19 to Neutral with price target of $25.
Additionally on 5/15/19 “Downgrades” 8X8 Inc (NASDAQ:EGHT) to Neutral and on 3/12/19 “Initiates Coverage On” the stock to Neutral at $20. Furthermore on 7/30/18 “Maintained” the stock to Neutral at $22.
On the other hand the company has Relative Strength Index (RSI 14) of 44.32 along with Average True Range (ATR 14) of 0.69, Consequently 8X8 Inc (NASDAQ:EGHT)’s weekly and monthly volatility is 3.08%, 2.80% respectively. The company’s beta value is at 0.89.
In terms of Buy, Sell or Hold recommendations, 8X8 Inc (NASDAQ:EGHT) has analysts’ mean recommendation of 1.9. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts 8X8 Inc (NASDAQ:EGHT)’s minimum EPS for the current quarter is at $-0.08 and can go high up to $-0.03. The consensus mean EPS for the current quarter is at $-0.05 derived from a total of 11 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.04 earnings per share for the same quarter during last year.
Previously 8X8 Inc (NASDAQ:EGHT) reported $-0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.07 by $-0.02. The company posted an earnings surprise of -28.6%.
8X8 Inc (NASDAQ:EGHT)’s revenue estimates for the current quarter are $97.36 Million according to 9 number of analysts, for the current quarter the company has high revenue estimates of $98.6 Million in contradiction of low revenue estimates of $96.5 Million. For the current year the company’s revenue estimates are $418.6 Million compared to low analyst estimates of $409.88 Million and high estimates of $429 Million according to 14 number of analysts.
Currently 8X8 Inc (NASDAQ:EGHT)’s shares owned by insiders are 3.52%, whereas shares owned by institutional owners are 77.5%. However the six-month change in the insider ownership was recorded -1.07%, as well as three-month change in the institutional ownership was recorded 0.81%.
8X8 Inc (NASDAQ:EGHT)’s trailing twelve month revenues are $338.2 Million, whereas its price to sales ratio for the same period is 6.28. Its book value per share for the most recent quarter is $2.39 while its price to book ratio for the same period is 9.38, as for as the company’s cash per share for the most recent quarter is $1.21, however its price to cash per share ratio for the same period is 18.51. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.