Home Sectors Communication Services Latest Trend: 8×8 Inc (NYSE: EGHT)

Latest Trend: 8×8 Inc (NYSE: EGHT)

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8×8 Inc trades as part of the communication services sector and is part of the communication services industry. 8×8 Inc is a technology company. It provides cloud-based, enterprise-class software solutions that transform the way businesses communicate and collaborate globally. The company operates through two segments: America and Europe.

Previous Intraday Trading Performance:

The EGHT stock showed a previous change of 1.87% with an open at 19.91 and a close of 20.20. It reached an intraday high of 20.52 and a low of 19.86.

Business Wire:  8×8 Adds Advanced Contact Center Capabilities with Google Cloud Contact Center AI Integration

Liquidity:

The stock has a market cap of $1.9b with 95.7m shares outstanding, of which the float is 88.1m shares. Trading volume reached 1,351,331 shares compared to its average volume of 1,607,838 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, 8×8 Inc shares returned 10.38% and in the past 30 trading days it returned 14.64%. Over three months, it changed 4.77%. In one year it has changed 2.02% and within that year its 52-week high was 23.50 and its 52-week low was 15.13. EGHT stock is 33.51% above its 52 Week Low.

Our calculations show a 200 day moving average of 19.85 and a 50 day moving average of 19.31. Currently EGHT stock is trading 1.77% above its 200 day moving average and may be a good opportunity to buy.

Business Wire:  8×8 Adds Advanced Contact Center Capabilities with Google Cloud Contact Center AI Integration

Earnings:

The last annual fiscal EPS for the company was reported at -1.14 that ended on 31st of March 2018. Based on 7 analyst estimates, the consensus EPS for the next quarter is -0.05. The TTM EPS is -0.23, which comes to a TTM PE of -87.83.

The following are the last four quarter reported earnings per share:
12-31-2018:  -0.19
09-30-2018:  -0.15
06-30-2018:  -0.14
03-31-2018:  -0.11

Indicators to Watch:

Based on the latest filings, there is 113.80% of institutional ownership. Short-interest is 8,369,542, which is 8.75% of shares outstanding. The short-interest ratio or days-to-cover ratio is 4.92. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 0.76

Business Wire:  Mars and WWE® Expand Multi-Year Partnership

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is -33.68%, return on assets is -26.05%, profit margin is -21.23%, price-to-sales is 5.61 and price-to-book is 8.33.

Company Scores:

All scores are out of six:
 0  :Valuation Score
 0  :Past Performance Score
 6  :Financial Strength Score
 1  :Future Growth Score
 0  :Dividend Score
 1  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.

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