8x8 Inc's fundamentals are relatively very healthy, with an industry-leading ESG disclosure.and its growth potential is significant.Its valuation is considered fairly valued, ranking 38 out of 53 in the Telecommunications Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 2.31.In the medium term, the stock price is expected to trend down.Despite a very weak market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of 8x8 Inc is 7.43, ranking 24 out of 53 in the Telecommunications Services industry. Its financial status is robust, and its operating efficiency is average. Its latest quarterly revenue reached 185.05M, representing a year-over-year increase of 3.45%, while its net profit experienced a year-over-year increase of 68.43%.
Key Metrics
The current valuation score of 8x8 Inc is 6.78, ranking 35 out of 53 in the Telecommunications Services industry. Its current P/E ratio is -56.17, which is -94.26% below the recent high of -3.22 and -67.48% above the recent low of -94.07.
The current earnings forecast score of 8x8 Inc is 6.50, ranking 36 out of 53 in the Telecommunications Services industry. The average price target is 2.50, with a high of 3.00 and a low of 1.50.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of 8x8 Inc is 6.15, ranking 43 out of 53 in the Telecommunications Services industry. Currently, the stock price is trading between the resistance level at 2.26 and the support level at 1.29, making it suitable for range-bound swing trading.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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The current institutional shareholding score of 8x8 Inc is 7.00, ranking 10 out of 53 in the Telecommunications Services industry. The latest institutional shareholding proportion is 85.16%, representing a quarter-over-quarter decrease of 3.91%. The largest institutional shareholder is The Vanguard, holding a total of 13.77M shares, representing 9.89% of shares outstanding, with 2.42% increase in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Telecommunications Services domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of 8x8 Inc is 3.84, ranking 39 out of 53 in the Telecommunications Services industry. The company's beta value is 1.81. This indicates that the stock tends to outperform the index during upward trending markets but experiences larger declines during downward trending markets. with an industry-leading ESG disclosure.
