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8x8, Inc is a software—application business based in the US. 8x8 shares (EGHT) are listed on the NYSE and all prices are listed in US Dollars. 8x8 employs 1,675 staff and has a trailing 12-month revenue of around USD$471.4 million.
Since the stock market crash in March caused by coronavirus, 8x8's share price has had significant negative movement.
Its last market close was USD$16.48, which is 18.29% down on its pre-crash value of USD$20.17 and 54.02% up on the lowest point reached during the March crash when the shares fell as low as USD$10.7.
If you had bought USD$1,000 worth of 8x8 shares at the start of February 2020, those shares would have been worth USD$714.53 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$855.15.
|Latest market close||USD$16.48|
|52-week range||USD$10.7 - USD$21.57|
|50-day moving average||USD$15.9346|
|200-day moving average||USD$15.9754|
|Wall St. target price||USD$19.78|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$-1.129|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2020-10-16)||-0.72%|
|1 month (2020-09-25)||7.85%|
|3 months (2020-07-24)||2.30%|
|6 months (2020-04-24)||-3.17%|
|1 year (2019-10-25)||-16.43%|
|2 years (2018-10-25)||-4.74%|
|3 years (2017-10-25)||31.84%|
|5 years (2015-10-23)||55.62%|
|Revenue TTM||USD$471.4 million|
|Gross profit TTM||USD$245 million|
|Return on assets TTM||-16.37%|
|Return on equity TTM||-88.03%|
|Market capitalisation||USD$1.7 billion|
TTM: trailing 12 months
There are currently 18.7 million 8x8 shares held short by investors – that's known as 8x8's "short interest". This figure is 6.8% down from 20.0 million last month.
There are a few different ways that this level of interest in shorting 8x8 shares can be evaluated.
8x8's "short interest ratio" (SIR) is the quantity of 8x8 shares currently shorted divided by the average quantity of 8x8 shares traded daily (recently around 1.2 million). 8x8's SIR currently stands at 15.8. In other words for every 100,000 8x8 shares traded daily on the market, roughly 15800 shares are currently held short.
However 8x8's short interest can also be evaluated against the total number of 8x8 shares, or, against the total number of tradable 8x8 shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case 8x8's short interest could be expressed as 0.18% of the outstanding shares (for every 100,000 8x8 shares in existence, roughly 180 shares are currently held short) or 0.2424% of the tradable shares (for every 100,000 tradable 8x8 shares, roughly 242 shares are currently held short).
A SIR above 10% would generally be considered pretty high, pointing to a potentially pessimistic outlook for the share price and a discouraging interest in betting against 8x8.
Find out more about how you can short 8x8 stock.
We're not expecting 8x8 to pay a dividend over the next 12 months.
Over the last 12 months, 8x8's shares have ranged in value from as little as $10.7 up to $21.57. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while 8x8's is 0.9625. This would suggest that 8x8's shares are less volatile than average (for this exchange).
8x8, Inc. provides voice, video, chat, contact center, and enterprise-class application programmable interface (API) Software-as-a-Service solutions for small and mid-size businesses, mid-market and larger enterprises, government agencies, and other organizations worldwide. It offers unified communications, team collaboration, video conferencing, contact center, data and analytics, communication APIs, and other services. The company provides 8x8 Virtual Office, a self-contained and end-to-end solution that delivers high quality voice and unified communications-as-a-service; 8x8 Contact Center, a multi-channel cloud-based contact center solution; and 8x8 Meetings, a cloud-based video conferencing and collaboration solution that enables secure and continuous collaboration with borderless high definition video and audio communications from mobile and desktop devices. It also offers 8x8 Team Messaging, an integrated open team messaging platform, which facilitate modern modes of communication with support for direct messages, public and private team messaging rooms, short messaging service, presence, emojis, and ?@' mentions; 8x8 API, a set of global communications Platform-as-a-Service; and 8x8 Callstats Service, an analytics offering designed for real-time analytical responsiveness at scale. The company integrates its services with third-party applications and platforms, including enterprise resource planning, customer relations management, human capital management, and other proprietary application suites. It markets its services to end users through search engine marketing and optimization, third-party lead generation sources, industry conferences, trade shows, Webinars, and digital advertising channels, as well as direct sales organization. 8x8, Inc. was founded in 1987 and is headquartered in Campbell, California.
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