Home Sectors Communication Services Current Fundamentals: 8×8 Inc (NYSE: EGHT)

Current Fundamentals: 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. The company CEO is Vikram Verma. 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 0.78% with an open at 24.48 and a close of 24.62. It reached an intraday high of 24.69 and a low of 24.36.

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Liquidity:

The stock has a market cap of $2.4b with 96.3m shares outstanding, of which the float is 88.8m shares. Trading volume reached 1,149,108 shares compared to its average volume of 1,654,831 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 1.99% and in the past 30 trading days it returned 5.17%. Over three months, it changed 24.34%. In one year it has changed 31.66% and within that year its 52-week high was 25.09 and its 52-week low was 15.13. EGHT stock is 62.72% above its 52 Week Low.

Our calculations show a 200 day moving average of 20.47 and a 50 day moving average of 23.13. Currently EGHT stock is trading 20.27% above its 200 day moving average.

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Earnings:

The last annual fiscal EPS for the company was reported at -0.94 that ended on 31st of March 2019. Based on 8 analyst estimates, the consensus EPS for the next quarter is -0.10. The TTM EPS is -0.36.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 05/14/2019): -0.29
4thQtr of 2018 (Reported on 01/29/2019): -0.25
3rdQtr of 2018 (Reported on 10/29/2018): -0.23
2ndQtr of 2018 (Reported on 07/26/2018): -0.16
1stQtr of 2018 (Reported on 05/24/2018): -0.14

Indicators to Watch:

Short-interest was 12,713,925, which was 13.20% of shares outstanding. The short-interest ratio or days-to-cover ratio was 6.91. 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 0.80.

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is -37.91%, return on assets is -21.55%, profit margin is -25.17%, price-to-sales is 6.67 and price-to-book is 9.43.

Company Scores:

All scores are out of six:
 0  :Valuation Score
 0  :Past Performance Score
 4  :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.