8X8 Inc (NASDAQ:EGHT) price on Thursday, July 03, rose 1.89% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.16.
A look at the stock’s price movement, the close in the last trading session was $2.12, moving within a range at $2.11 and $2.2. The beta value (5-Year monthly) was 1.789. Turning to its 52-week performance, $3.52 and $1.51 were the 52-week high and 52-week low respectively. Overall, EGHT moved 27.81% over the past month.
8X8 Inc’s market cap currently stands at around $291.80 million, with investors looking forward to this quarter’s earnings report slated for on 2025-May-19.
Analysts have a consensus estimate of 177.99M for the company’s revenue for the quarter, with a low and high estimate of 176.4M and 178.53M respectively. The average forecast suggests down to a -0.09% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 713.38M, representing a -0.24% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EGHT is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 5 recommend EGHT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
EGHT’s current price about 16.04% and 20.31% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 71.36, while 7-day volatility ratio is 5.58% and 5.27% in the 30-day chart. Further, 8X8 Inc (EGHT) has a beta value of 1.85. Analysts have given the company’s stock an average 52-week price target of $8, forecast between a low of $2 and high of $50. Looking at the price targets, the low is 7.41% off current price level while to achieve the yearly target high, price needs to move -2214.81%. Nonetheless, investors will most likely welcome a -270.37% jump to $8 which is the analysts’ median price.
If we refocus on 8X8 Inc (NASDAQ:EGHT), historical trading data shows that trading volumes averaged 1.32 over the past 10 days and 1.48 million over the past 3 months. The company’s latest data on shares outstanding shows there are 134.36 million shares.
The 4.20% of 8X8 Inc’s shares are in the hands of company insiders while institutional holders own 80.80% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.76 million on 2025-06-13, giving us a short ratio of 2.29. The data shows that as of 2025-06-13 short interest in 8X8 Inc (EGHT) stood at 314.00003 of shares outstanding, with shares short falling to 5.49 million registered in 2025-05-15. Current price change has pushed the stock -2.70% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EGHT stock continues to rise going into the next quarter.
