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Are 8×8 Inc. (NYSE:EGHT) Prospects Worsening?

8×8 Inc. (NYSE:EGHT) shares fell to a low of $24.10 before closing at $23.95. Intraday shares traded counted 1.65 million, which was -15.94% lower than its 30-day average trading volume of 1.42M. EGHT’s previous close was $24.49 while the outstanding shares total 106.64M. The firm has a beta of 1.16. The stock’s Relative Strength Index (RSI) is 18.95, with weekly volatility at 4.94% and ATR at 1.34. The EGHT stock’s 52-week price range has touched low of $13.68 and a $39.17 high. The stock traded lower over the last trading session, losing -2.20% on 05/17/21.

Investors have identified the Software – Application company 8×8 Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.59 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

8×8 Inc. (EGHT) Fundamentals that are to be considered.

When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 274.26 million total, with 127.75 million as their total liabilities.

Having a look at the company’s valuation, the company is expected to record -0.50 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on EGHT sounds very interesting.

Is the stock of EGHT attractive?

In related news, Chief Products Officer, Deklich Dejan sold 17,377 shares of the company’s stock in a transaction that recorded on May 03. The sale was performed at an average price of 32.53, for a total value of 565,283. As the sale deal closes, the Chief Products Officer, Deklich Dejan now sold 2,395 shares of the company’s stock, valued at 83,616. Also, SVP-GC,Secretary and CPO, Zinn Matthew sold 950 shares of the company’s stock in a deal that was recorded on Apr 26. The shares were price at an average price of 34.03 per share, with a total market value of 32,328. Following this completion of acquisition, the Chief Products Officer, Deklich Dejan now holds 1,277 shares of the company’s stock, valued at 43,456. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.90%.

8 out of 16 analysts covering the stock have rated it a Buy, while 6 have maintained a Hold recommendation on 8×8 Inc.. 1 analysts has assigned a Sell rating on the EGHT stock. The 12-month mean consensus price target for the company’s shares has been set at $39.34.

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