With 2.15 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.21 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 $2.44. Beta for the stock currently stands at 1.82.
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 -7.69%, but this was up by 13.92% over a month. Three-month performance dropped to -41.84% while six-month performance fell -37.50%. The stock lost -35.02% in the past year, while it has lost -32.58% so far this year. A look at the trailing 12-month EPS for EGHT yields -0.21 with Next year EPS estimates of 0.39. For the next quarter, that number is 0.08. This implies an EPS growth rate of -5.56% for this year and 15.41% for next year. EPS is expected to grow by 4.85% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 34.38%.
Float and Shares Shorts:
At present, 134.35 million EGHT shares are outstanding with a float of 127.73 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 $0.47157 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 $0.1 and the low estimate is $0.07. The average estimate for the next quarter is thus $0.08.
