There Is A Quest For Clarity Surrounding 8X8 Inc. (NASDAQ: EGHT) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Software – Application industry segment, falling under the Technology sector. The current market capitalization of 8X8 Inc. is $373.64M. A total of 1.29 million shares were traded on the day, compared to an average of 1.13M shares.

In the most recent transaction, Seandel Suzy M sold 7,333 shares of EGHT for 2.83 per share on Jul 16 ’24. After the transaction, the Chief Accounting Officer now owns 259,166 company shares. In a previous transaction on Jul 15 ’24, Kraus Kevin sold 1,000 shares at 2.33 per share. EGHT shares that Chief Financial Officer owns now total 284,676.

Among the insiders who sold shares, Wilson Samuel C. disposed of 29,951 shares on Jun 20 ’24 at a per-share price of $1.93. This resulted in the Chief Executive Officer holding 940,248 shares of EGHT after the transaction. In another insider transaction, Middleton Hunter sold 13,573 shares at $1.93 per share on Jun 20 ’24. Company shares held by the Chief Product Officer now total 399,659.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, EGHT has a high of $4.88 and a low of $1.85.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. EGHT’s latest balance sheet shows that the firm has $136.05M in Cash & Short Term Investments as of fiscal 2022. There were $537.46M in debt and $191.53M in liabilities at the time. Its Book Value Per Share was $0.81, while its Total Shareholder’s Equity was $182.37M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EGHT is Buy with a score of 3.46.

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