8x8 Common Stock Stock Price on March 31, 2023
| EGHT Stock | USD 2.25 0.03 1.35% |
Below is the normalized historical share price chart for 8x8 Common Stock extending back to July 03, 1997. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of 8x8 Common stands at 2.25, as last reported on the 4th of May, with the highest price reaching 2.31 and the lowest price hitting 2.17 during the day.
If you're considering investing in 8x8 Stock, it is important to understand the factors that can impact its price. 8x8 Common Stock retains Efficiency (Sharpe Ratio) of -0.0577, which signifies that the company had a -0.0577% return per unit of price deviation over the last 3 months. 8x8 Common exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 8x8 Common's Variance of 18.9, information ratio of (0.16), and Market Risk Adjusted Performance of (1.34) to double-check the risk estimate we provide.
At this time, 8x8 Common's Liabilities And Stockholders Equity is comparatively stable compared to the past year. Other Stockholder Equity is likely to gain to about 1.1 B in 2024, whereas Common Stock Total Equity is likely to drop slightly above 73.3 K in 2024. . At this time, 8x8 Common's Price Book Value Ratio is comparatively stable compared to the past year. Price Earnings To Growth Ratio is likely to gain to 0.11 in 2024, whereas Price To Free Cash Flows Ratio is likely to drop 12.20 in 2024. 8x8 Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 2nd of July 1997 | 200 Day MA 3.019 | 50 Day MA 2.5672 | Beta 1.431 |
8x8 |
Sharpe Ratio = -0.0577
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| Negative Returns | EGHT |
Estimated Market Risk
| 3.99 actual daily | 35 65% of assets are more volatile |
Expected Return
| -0.23 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average 8x8 Common is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of 8x8 Common by adding 8x8 Common to a well-diversified portfolio.
Price Book 2.6165 | Enterprise Value Ebitda 17.0109 | Price Sales 0.3919 | Shares Float 84.5 M | Wall Street Target Price 4.13 |
8x8 Common Valuation on March 31, 2023
It is possible to determine the worth of 8x8 Common on a given historical date. On March 31, 2023 8x8 was worth 4.0 at the beginning of the trading date compared to the closed value of 4.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of 8x8 Common stock. Still, in general, we apply an absolute valuation method to find 8x8 Common's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of 8x8 Common where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against 8x8 Common's related companies.
| Open | High | Low | Close | Volume | |
| 4.00 | 4.10 | 3.98 | 3.98 | 714,600 | |
03/31/2023 | 4.00 | 4.19 | 3.90 | 4.17 | 1,098,863 |
| 4.16 | 4.22 | 4.00 | 4.08 | 1,017,269 |
| Backtest 8x8 Common | | | 8x8 Common History | | | 8x8 Common Valuation | Previous | Next |
8x8 Common Trading Date Momentum on March 31, 2023
| On April 03 2023 8x8 Common Stock was traded for 4.08 at the closing time. The top price for the day was 4.22 and the lowest listed price was 4.00 . The trading volume for the day was 1 M. The trading history from April 3, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 2.16% . The daily price change against the current closing price is 7.91% . |
8x8 Common Stock Fundamentals Correlations and Trends
By evaluating 8x8 Common's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among 8x8 Common's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. 8x8 financial account trend analysis is a perfect complement when working with valuation or volatility modules.About 8x8 Common Stock history
8x8 Common investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for 8x8 is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in 8x8 Common Stock will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing 8x8 Common stock prices may prove useful in developing a viable investing in 8x8 Common
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 133.4 M | 69.8 M | |
| Net Loss | -65.8 M | -69.1 M |
8x8 Common Quarterly Net Working Capital |
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8x8 Common Stock Technical Analysis
8x8 Common technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
8x8 Common Period Price Range
Low | March 31, 2023
| High |
4.00 | 4.17 |
8x8 Common May 4, 2024 Market Strength
Market strength indicators help investors to evaluate how 8x8 Common stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 8x8 Common shares will generate the highest return on investment. By undertsting and applying 8x8 Common stock market strength indicators, traders can identify 8x8 Common Stock entry and exit signals to maximize returns
| Accumulation Distribution | 76054.96 | |||
| Daily Balance Of Power | 0.5862 | |||
| Rate Of Daily Change | 1.04 | |||
| Day Median Price | 4.05 | |||
| Day Typical Price | 4.09 | |||
| Price Action Indicator | 0.21 | |||
| Period Momentum Indicator | (1.92) |
8x8 Common Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for 8x8 Common's price direction in advance. Along with the technical and fundamental analysis of 8x8 Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of 8x8 to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.64) | |||
| Total Risk Alpha | (1.09) | |||
| Treynor Ratio | (1.35) |
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| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in 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. 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for 8x8 Stock analysis
When running 8x8 Common's price analysis, check to measure 8x8 Common's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 8x8 Common is operating at the current time. Most of 8x8 Common's value examination focuses on studying past and present price action to predict the probability of 8x8 Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 8x8 Common's price. Additionally, you may evaluate how the addition of 8x8 Common to your portfolios can decrease your overall portfolio volatility.
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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.