8x8 Common Stock Stock Buy Hold or Sell Recommendation

EGHT Stock  USD 2.70  0.04  1.46%   
Given the investment horizon of 90 days and your highly speculative risk level, our recommendation regarding 8x8 Common Stock is 'Hold'. Macroaxis provides 8x8 Common buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding EGHT positions. The advice algorithm takes into account all of 8x8 Common's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting 8x8 Common's buy or sell advice are summarized below:
Real Value
3.49
Target Price
4.55
Hype Value
2.72
Market Value
2.7
Naive Value
2.38
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell 8x8 Common Stock given historical horizon and risk tolerance towards 8x8 Common. When Macroaxis issues a 'buy' or 'sell' recommendation for 8x8 Common Stock, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out 8x8 Common Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
In addition, we conduct extensive research on individual companies such as 8x8 and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards 8x8 Common Stock. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.

Execute 8x8 Common Buy or Sell Advice

The 8x8 recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on 8x8 Common Stock. Macroaxis does not own or have any residual interests in 8x8 Common Stock or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute 8x8 Common's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell 8x8 CommonBuy 8x8 Common
Hold

Market Performance

Very WeakDetails

Volatility

UnstableDetails

Hype Condition

Under hypedDetails

Current Valuation

UndervaluedDetails

Odds Of Distress

AverageDetails

Economic Sensitivity

Hyperactively responds to market trendsDetails

Investor Sentiment

AlarmedDetails

Analyst Consensus

BuyDetails

Financial Strenth (F Score)

PoorDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails
For the selected time horizon 8x8 Common Stock has a Risk Adjusted Performance of (0.03), Jensen Alpha of (0.63), Total Risk Alpha of (1.27) and Treynor Ratio of (0.13)
We provide trade recommendation to complement the latest expert consensus on 8x8 Common Stock. Our dynamic recommendation engine uses a multidimensional algorithm to analyze the company's potential to grow using all technical and fundamental data available now. To make sure 8x8 Common Stock is not overpriced, please confirm all 8x8 Common Stock fundamentals, including its shares owned by insiders, cash and equivalents, target price, as well as the relationship between the price to sales and book value per share . Please also double-check 8x8 Common price to earning to validate your buy or sell decision is consistent with all fundamental data available and that the company can sustain itself next year.

8x8 Common Trading Alerts and Improvement Suggestions

8x8 Common Stock generated a negative expected return over the last 90 days
8x8 Common Stock has high historical volatility and very poor performance
8x8 Common Stock has high likelihood to experience some financial distress in the next 2 years
The company reported the previous year's revenue of 743.94 M. Net Loss for the year was (73.14 M) with profit before overhead, payroll, taxes, and interest of 390.57 M.
8x8 Common Stock has a poor financial position based on the latest SEC disclosures
Over 95.0% of the company shares are held by institutions such as insurance companies
Latest headline from businesswire.com: 8x8 Receives Multiple Awards for Continued Innovation

8x8 Common Returns Distribution Density

The distribution of 8x8 Common's historical returns is an attempt to chart the uncertainty of 8x8 Common's future price movements. The chart of the probability distribution of 8x8 Common daily returns describes the distribution of returns around its average expected value. We use 8x8 Common Stock price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of 8x8 Common returns is essential to provide solid investment advice for 8x8 Common.
Mean Return
-0.31
Value At Risk
-8.74
Potential Upside
4.81
Standard Deviation
4.22
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of 8x8 Common historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

8x8 Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as 8x8 Common is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading 8x8 Common Stock backward and forwards among themselves. 8x8 Common's institutional investor refers to the entity that pools money to purchase 8x8 Common's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Geode Capital Management, Llc2023-12-31
2.6 M
D. E. Shaw & Co Lp2023-09-30
2.4 M
Morgan Stanley - Brokerage Accounts2023-12-31
2.2 M
Invenomic Capital Management, Lp2023-12-31
2.1 M
B. Riley Asset Management, Llc2023-12-31
1.9 M
Arrowstreet Capital Limited Partnership2023-12-31
1.6 M
S Squared Technology, Llc2023-12-31
1.5 M
Great West Life Assurance Co2023-12-31
1.4 M
Two Sigma Investments Llc2023-12-31
1.4 M
Sylebra Capital Llc2023-12-31
14.4 M
Sylebra Hk Co Ltd2023-09-30
14.4 M
Note, although 8x8 Common's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

8x8 Common Cash Flow Accounts

201920202021202220232024 (projected)
Change To Inventory0.0(4.3M)(2.2M)10.0M9.0M9.5M
Change In Cash(128.3M)(35.2M)(20.5M)12.0M13.8M14.5M
Free Cash Flow(161.3M)(49.3M)10.2M33.9M30.5M32.0M
Depreciation37.2M45.1M48.6M52.3M60.1M63.1M
Other Non Cash Items52.1M61.4M74.3M42.1M48.4M50.8M
Capital Expenditures67.4M35.2M24.5M14.9M17.1M10.5M
Net Income(172.4M)(165.6M)(175.4M)(73.1M)(65.8M)(62.5M)
End Period Cash Flow156.4M121.2M100.7M112.7M129.6M136.1M
Change To Netincome77.9M128.8M152.5M70.7M81.4M43.4M
Change Receivables(12.7M)(14.9M)6.9M(8.5M)(7.6M)(7.2M)
Net Borrowings73.9M(78K)134.6M(217.3M)(249.9M)(237.4M)
Investments20.2M9.3M(160.0M)6.1M7.0M7.3M

8x8 Common Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to 8x8 Common or Software sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that 8x8 Common's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a 8x8 stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
-0.63
β
Beta against NYSE Composite2.47
σ
Overall volatility
4.26
Ir
Information ratio -0.11

8x8 Common Volatility Alert

8x8 Common Stock exhibits very low volatility with skewness of -0.16 and kurtosis of 1.36. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure 8x8 Common's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact 8x8 Common's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

8x8 Common Fundamentals Vs Peers

Comparing 8x8 Common's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze 8x8 Common's direct or indirect competition across all of the common fundamentals between 8x8 Common and the related equities. This way, we can detect undervalued stocks with similar characteristics as 8x8 Common or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of 8x8 Common's fundamental indicators could also be used in its relative valuation, which is a method of valuing 8x8 Common by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare 8x8 Common to competition
Fundamentals8x8 CommonPeer Average
Return On Equity-0.54-0.31
Return On Asset-0.0037-0.14
Profit Margin(0.07) %(1.27) %
Operating Margin(0.25) %(5.51) %
Current Valuation706.78 M16.62 B
Shares Outstanding123.42 M571.82 M
Shares Owned By Insiders2.47 %10.09 %
Shares Owned By Institutions95.27 %39.21 %
Number Of Shares Shorted16.12 M4.71 M
Price To Earning(187.86) X28.72 X
Price To Book3.04 X9.51 X
Price To Sales0.45 X11.42 X
Revenue743.94 M9.43 B
Gross Profit390.57 M27.38 B
EBITDA(14.01 M)3.9 B
Net Income(73.14 M)570.98 M
Cash And Equivalents130.92 M2.7 B
Cash Per Share1.13 X5.01 X
Total Debt568.87 M5.32 B
Debt To Equity7.05 %48.70 %
Current Ratio1.56 X2.16 X
Book Value Per Share1.36 X1.93 K
Cash Flow From Operations48.79 M971.22 M
Short Ratio8.89 X4.00 X
Earnings Per Share(0.45) X3.12 X
Price To Earnings To Growth0.53 X4.89 X
Target Price4.27
Number Of Employees1.92 K18.84 K
Beta1.47-0.15
Market Capitalization333.24 M19.03 B
Total Asset840.88 M29.47 B
Retained Earnings(792.92 M)9.33 B
Working Capital43.24 M1.48 B
Note: Disposition of 9118 shares by Hunter Middleton of 8x8 Common at 2.6647 subject to Rule 16b-3 [view details]

8x8 Common Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as 8x8 . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About 8x8 Common Buy or Sell Advice

When is the right time to buy or sell 8x8 Common Stock? Buying financial instruments such as 8x8 Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2021 2022 2023 2024 (projected)
Other Current Liabilities92.1M73.7M84.8M89.0M
Total Assets910.3M840.9M967.0M1.0B

Use Investing Ideas to Build Portfolios

In addition to having 8x8 Common in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Agriculture Thematic Idea Now

Agriculture
Agriculture Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Agriculture theme has 31 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Agriculture Theme or any other thematic opportunities.
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When determining whether 8x8 Common Stock is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if 8x8 Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about 8x8 Common Stock Stock. Highlighted below are key reports to facilitate an investment decision about 8x8 Common Stock Stock:
Check out 8x8 Common Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
Note that the 8x8 Common Stock information on this page should be used as a complementary analysis to other 8x8 Common's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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Is 8x8 Common's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 8x8 Common. If investors know 8x8 will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 8x8 Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.45)
Revenue Per Share
6.179
Quarterly Revenue Growth
0.174
Return On Assets
(0)
Return On Equity
(0.54)
The market value of 8x8 Common Stock is measured differently than its book value, which is the value of 8x8 that is recorded on the company's balance sheet. Investors also form their own opinion of 8x8 Common's value that differs from its market value or its book value, called intrinsic value, which is 8x8 Common's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 8x8 Common's market value can be influenced by many factors that don't directly affect 8x8 Common's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 8x8 Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if 8x8 Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 8x8 Common's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.