With 0.79 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.96 million shares. The 52-week range on EGHT shows that it touched its highest point at $3.52 and its lowest point at $1.51 during that stretch. It currently has a 1-year price target of $3.21. Beta for the stock currently stands at 1.78.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EGHT was down-trending over the past week, with a drop of -8.00%, but this was down by -14.50% over a month. Three-month performance dropped to -25.08% while six-month performance rose 29.94%. The stock lost -13.86% in the past year, while it has lost -13.86% so far this year. A look at the trailing 12-month EPS for EGHT yields -0.36 with Next year EPS estimates of 0.37. For the next quarter, that number is 0.08. This implies an EPS growth rate of -23.62% for this year and 2.51% for next year. EPS is expected to decline by -5.49% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 9.88%.
Float and Shares Shorts:
At present, 131.47 million EGHT shares are outstanding with a float of 127.75 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EGHT since 6 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.46684 being high and $0.44 being low. For EGHT, this leads to a yearly average estimate of $0.46. Based on analyst estimates, the high estimate for the next quarter is $0.11 and the low estimate is $0.08. The average estimate for the next quarter is thus $0.09.
