8x8 Common Stock Stock Price on May 26, 2023

EGHT Stock  USD 2.63  0.49  15.71%   
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 2.63, as last reported on the 13th of December 2024, with the highest price reaching 2.96 and the lowest price hitting 2.50 during the day.
IPO Date
2nd of July 1997
200 Day MA
2.422
50 Day MA
2.535
Beta
1.545
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in 8x8 Stock, it is important to understand the factors that can impact its price. 8x8 Common appears to be unstable, given 3 months investment horizon. 8x8 Common Stock retains Efficiency (Sharpe Ratio) of 0.14, which signifies that the company had a 0.14% return per unit of price deviation over the last 3 months. By reviewing 8x8 Common's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please makes use of 8x8 Common's Standard Deviation of 3.87, market risk adjusted performance of 0.4853, and Coefficient Of Variation of 417.81 to double-check if our risk estimates are consistent with your expectations.
  
At this time, 8x8 Common's Total Stockholder Equity is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 793.8 M in 2024, whereas Common Stock is likely to drop slightly above 75.9 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 0.45 in 2024, whereas Price To Free Cash Flows Ratio is likely to drop 4.97 in 2024. 8x8 Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1401

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Estimated Market Risk

 4.44
  actual daily
39
61% of assets are more volatile

Expected Return

 0.62
  actual daily
12
88% of assets have higher returns

Risk-Adjusted Return

 0.14
  actual daily
11
89% of assets perform better
Based on monthly moving average 8x8 Common is performing at about 11% of its full potential. 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 it to a well-diversified portfolio.
Price Book
3.7362
Enterprise Value Ebitda
46.9352
Price Sales
0.5702
Shares Float
97.2 M
Wall Street Target Price
3.0909

8x8 Common Valuation on May 26, 2023

It is possible to determine the worth of 8x8 Common on a given historical date. On May 26, 2023 8x8 was worth 3.65 at the beginning of the trading date compared to the closed value of 4.12. 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
  3.65    3.71    3.60    3.66    844,805  
05/26/2023
  3.65    4.28    3.59    4.12    4,601,561  
  4.18    4.27    4.06    4.08    1,960,168  
Backtest 8x8 Common  |  8x8 Common History  |  8x8 Common Valuation   PreviousNext  
Open Value
3.65
4.12
Closing Value
16.98
Upside

8x8 Common Trading Date Momentum on May 26, 2023

On May 30 2023 8x8 Common Stock was traded for  4.08  at the closing time. The top price for the day was 4.27  and the lowest listed price was  4.06 . The trading volume for the day was 2 M. The trading history from May 30, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.97% . The daily price change against the current closing price is 0.73% .

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 ReportedProjected for Next Year
Common Stock Shares Outstanding121.1 M72 M
Net Loss-65.8 M-69.1 M

8x8 Common Quarterly Net Working Capital

37.51 Million

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.
A focus of 8x8 Common technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of 8x8 Common trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

8x8 Common Period Price Range

Low
December 13, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

8x8 Common Stock cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

8x8 Common December 13, 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

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.

Additional 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.