Are Things Looking Up For 8X8 Inc (NASDAQ: EGHT)?

After Hours

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.

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Stocks Info

The company is listed on the NASDAQ and operates within the Software – Application industry segment. The current market capitalization of 8X8 Inc is $378.81M. A total of 1.5 million shares were traded on the day, compared to an average of 950.96K shares.

In the most recent transaction, Seandel Suzy M sold 7,333 shares of EGHT for 2.08 per share on Oct 16 ’24. After the transaction, the Chief Accounting Officer now owns 319,798 company shares. In a previous transaction on Oct 16 ’24, Suzy Seandel bought 7,333 shares at 2.08 per share.

Among the insiders who sold shares, Kraus Kevin disposed of 1,000 shares on Oct 15 ’24 at a per-share price of $2.10. This resulted in the Chief Financial Officer holding 473,275 shares of EGHT after the transaction. In another insider transaction, KEVIN KRAUS bought 2,000 shares at $2.11 per share on Oct 15 ’24.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, EGHT has a high of $3.92 and a low of $1.51.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $0.84, while its Total Shareholder’s Equity was $182.37M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 3.50.

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