Stock To Watch: 8×8 Inc (NASDAQ:EGHT)


The leading market experts have placed a mean price target of $17.10 on 8×8 Inc (NASDAQ:EGHT) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.05 a share for the upcoming quarter and $0.20 for the current fiscal.

Technical View

The technical analysis of 8×8 Inc plainly substantiates that the 50-day moving average of 8×8 Inc is $13.96, and stock is trading $-0.61 points away or -4.40% from its 50-day moving average of $13.96. Further it is trading $0.93 or +7.47% away its 200-day moving average of $12.42. 8×8 Inc (NASDAQ:EGHT) 52-week high is $15.53 and the 52-week low is $7.65.

This explains if the stock moves $-2.18, it will post a 52-week high. In event of +74.51% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of 8×8 Inc, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, 8×8 Inc (NASDAQ:EGHT) ratio came in at N/A.

The stock last ended the trading session at $13.35 and registered a market cap of $1.20B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. 8×8 Inc (NASDAQ:EGHT) PEG ratio is at 2.70.

1 Chart Pattern Every Investor Should Know

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