8×8 Inc Common Stock
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- Market Cap.:
- $443.15 million
- Book Value:
- Revenue TTM:
- $740.78 million
- Operating Margin TTM:
- Gross Profit TTM:
- $390.57 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
8×8 Inc Common Stock had its IPO on 1997-07-02 under the ticker symbol EGHT.
The company operates in the Technology sector and Software-Application industry. 8×8 Inc Common Stock has a staff strength of 2,216 employees.
Shares of 8×8 Inc Common Stock opened at $4 at the start of the last trading session i.e. 2023-03-30.
The stocks traded within a range of $3.98 - $4.1, and closed at $3.98.
This is a +1.53% increase from the previous day's closing price.
A total volume of 714,600 shares were traded at the close of the day’s session.
In the last one week, shares of 8×8 Inc Common Stock have increased by +2.05%.
8×8 Inc Common Stock's Key Ratios
8×8 Inc Common Stock has a market cap of $443.15 million, indicating a price to book ratio of 6.1916 and a price to sales ratio of 0.7501.
In the last 12-months 8×8 Inc Common Stock’s revenue was $740.78 million with a gross profit of $390.57 million and an EBITDA of $-69081000. The EBITDA ratio measures 8×8 Inc Common Stock's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, 8×8 Inc Common Stock’s operating margin was -13.59% while its return on assets stood at -7.9% with a return of equity of -105.5%.
In Q4, 8×8 Inc Common Stock’s quarterly earnings growth was a positive 0% while revenue growth was a positive 17.5%.
8×8 Inc Common Stock’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $-0.93 per share while it has a forward price to earnings multiple of 14.245 and a PEG multiple of 0.5325. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into 8×8 Inc Common Stock’s profitability.
8×8 Inc Common Stock stock is trading at a EV to sales ratio of 1.3906 and a EV to EBITDA ratio of -12.9581. Its price to sales ratio in the trailing 12-months stood at 0.7501.
8×8 Inc Common Stock stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $836.11 million
- Total Liabilities
- $164.77 million
- Operating Cash Flow
- Capital Expenditure
- $3.28 million
- Dividend Payout Ratio
8×8 Inc Common Stock ended 2023 with $836.11 million in total assets and $0 in total liabilities. Its intangible assets were valued at $836.11 million while shareholder equity stood at $90.03 million.
8×8 Inc Common Stock ended 2023 with $0 in deferred long-term liabilities, $164.77 million in other current liabilities, 113000.00 in common stock, $-783478000.00 in retained earnings and $265.58 million in goodwill. Its cash balance stood at $92.96 million and cash and short-term investments were $130.41 million. The company’s total short-term debt was $12,537,000 while long-term debt stood at $495.65 million.
8×8 Inc Common Stock’s total current assets stands at $254.58 million while long-term investments were $0.00 and short-term investments were $37.45 million. Its net receivables were $53.81 million compared to accounts payable of $40.63 million and inventory worth $0.
In 2023, 8×8 Inc Common Stock's operating cash flow was $-9412000.00 while its capital expenditure stood at $3.28 million.
Comparatively, 8×8 Inc Common Stock paid $0 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
8×8 Inc Common Stock stock is currently trading at $3.98 per share. It touched a 52-week high of $13.48 and a 52-week low of $13.48. Analysts tracking the stock have a 12-month average target price of $5.78.
Its 50-day moving average was $5.14 and 200-day moving average was $4.66 The short ratio stood at 10.74 indicating a short percent outstanding of 0%.
Around 356.4% of the company’s stock are held by insiders while 10506.3% are held by institutions.
Frequently Asked Questions About 8×8 Inc Common Stock
Similar Industry Stocks (Software-Application)
8×8, Inc. provides voice, video, chat, contact center, and enterprise-class application programmable interface (API) Software-as-a-Service solutions for small and mid-size businesses, mid-market and larger enterprises, government agencies, and other organizations worldwide. The company offers unified communications, team collaboration, video conferencing, contact center, data and analytics, communication APIs, and other services. It provides 8×8 Work, a self-contained end-to-end united communications solution that delivers enterprise voice with public switched telephone network connectivity, video meetings, and unified messaging, as well as direct messages, public and private team messaging rooms, and short and multimedia services; 8×8 Contact Center, a multi-channel cloud-based contact center solution; and 8×8 CPaaS, a set of global communications Platform-as-a-Service. The company also offers and X1 through X4 and X5 through X8, which provide enterprise-grade voice, unified communications, and video meetings and team collaboration, and contact center solutions. It markets its services to end users through search engine marketing and optimization, third-party lead generation sources, industry conferences, trade shows, Webinars, and digital advertising channels, as well as direct sales organization. The company was incorporated in 1987 and is headquartered in Campbell, California.