8X8 Inc (NASDAQ:EGHT) shares, rose in value on Thursday, March 27, with the stock price down by -4.09% to the previous day’s close as strong demand from buyers drove the stock to $2.11.
Actively observing the price movement in the last trading, the stock closed the session at $2.20, falling within a range of $2.09 and $2.21. The value of beta (5-year monthly) was 1.78. Referring to stock’s 52-week performance, its high was $3.52, and the low was $1.51. On the whole, EGHT has fluctuated by -18.22% over the past month.
With the market capitalization of 8X8 Inc currently standing at about $277.87 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-03.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EGHT’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of EGHT currently trading nearly -5.43% and -18.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.90, while the 7-day volatility ratio is showing 4.03% which for the 30-day chart, stands at 5.28%. Furthermore, 8X8 Inc (EGHT)’s beta value is 1.79, and its average true range (ATR) is 0.13.
A comparison of 8X8 Inc (EGHT) with its peers suggests the former has fared considerably weaker in the market. EGHT showed an intraday change of -4.09% in last session, and over the past year, it shrunk by -21.85%%.
Data on historical trading for 8X8 Inc (NASDAQ:EGHT) indicates that the trading volumes over the past 10 days have averaged 0.86 and over the past 3 months, they’ve averaged 985.42K. According to company’s latest data on outstanding shares, there are 131.47 million shares outstanding.
Nearly 2.93% of 8X8 Inc’s shares belong to company insiders and institutional investors own 83.22% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.78 million shares as on 2025-03-14, resulting in a short ratio of 6.92. According to the data, the short interest in 8X8 Inc (EGHT) stood at 663.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 6.75 million. The stock has fallen by -20.97% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EGHT stock heading into the next quarter.
