8X8 INC stock forecast: down to 2.48 USD EGHT stock price prognosis

STOCK

Forecast for Thu 20 Jun 2024 price 2.60

8X8 INC stock price forecast for further price development down to -8.14% (time horizon: 1 day) and price target of 2.48 USD. Short-term (time horizon: 2 weeks) 8X8 INC share price prediction for 2024-06-20 with daily closed price projections

Key Facts

Symbol EGHT 

ISIN US2829141009 

CUSIP 282914100

Currency USD

Category Services-Computer Processing & Data Preparation

Forecast price change %

Relative Strength Index (RSI)

Finance numbers

Revenue 532,344,000.0

Earnings per share -1.57

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On our site we made daily predictions for finance products based on statistical analysis. You can export / download forecasted data as CSV file, no login required. The information can be used for day trading.

Summerized Form 10-K with GPT-2

8x8 has approximately 1.8 million paid business users. Bryan Martin, Director and Chief Technology Officer. He also served as a director of the Company from January 1998 through July 1999. As such, we may not be able to achieve or maintain profitability in the future. As a result, sales and marketing expenditures are an ongoing requirement of our business. The STIR/SHAKEN framework will likely be used throughout the world. Call recipients would be less likely to answer non-authenticated calls. We currently have several United States patent applications pending.

Summerized Form 10-K with GPT-2 https://www.sec.gov/Archives/edgar/data/1023731/000102373121000091/0001023731-21-000091.txt
Candlestick patterns

Candlestick patterns can be used as additional information for price prediction. Following list show which pattern applies on latest price information.

  • Meta analyst score 39.06/100
    • Good financial position.
    • Historical view, profit is not growing.
    • Company revenue is not growing faster compared with the industry.
    • Stock price is under book price value.

Institutional ownership list is based on filling form information

Holding name Date Amount
A - BARCLAYS PLC 2023-06-30 292644
Cypress Capital Management LLC 2023-06-30 250
Migdal Insurance & Financial Holdings Ltd. 2023-06-30 481
VOYA INVESTMENT MANAGEMENT LLC 2022-09-30 731296
Parallax Volatility Advisers, L.P. 2022-12-31 1175209

Fund ownership list is based on filling form information

Fund name Date Amount Profile
Voya Equity Trust 2023-11-30 414092 Long
Putnam Asset Allocation Funds 2023-11-30 1143 Long
SCHWAB STRATEGIC TRUST 2023-11-30 534611 Long
SCHWAB STRATEGIC TRUST 2023-11-30 61747 Long
MORGAN STANLEY PATHWAY FUNDS 2023-11-30 4737 Long

Insider trading for 8X8 INC

CIK Name Date Action T-Test 1day T-Test 7day T-Test 14day T-Test 30day
1956959 Denny Laurence 2024-03-18 SALE Accept Accept Accept Accept
1814487 Wilson Samuel C. 2024-04-15 SALE Accept Reject Accept Reject
1915510 Middleton Hunter 2024-03-18 SALE Accept Reject Accept Reject
1780077 Theophille Elizabeth Harriet 2023-07-31 SALE Accept Accept Accept Accept
1956914 Kraus Kevin 2024-04-15 SALE Reject Accept Accept Reject
1307484 Seandel Suzy M 2024-04-16 SALE Accept Accept Accept Accept
Assets / Liabilities

Bollinger Bollinger Bands for 8X8 INC can provide the information where the market is moving based on price information.

8X8 INC Short Volume Ratio is shown in the diagram. Short volume sales can be seen as an investor sentiment.

Converting prices to returns 8X8 INC.

On-Balance Volume information for 8X8 INC. On-Balance Volume information can be an indicator for bullish or bearish outcome.

Accumulation / Distribution (A/D) indicator information for 8X8 INC. The indicator identify divergences between price and volume flow.

Aroon Oscillator information for 8X8 INC. The trend-following indicator can show the strengh of a current trend and likelihood that trend can continue.

Average Directional Index (ADX) information for 8X8 INC. The index can be used to identify the strengh of a trend.

Moving Average Convergence Divergence (MACD) for 8X8 INC. The indicator helps to predict trend direction and the momentum of the trend.

Stochastic Oscillator as momentum indicator for 8X8 INC. The indicator is useful for identifying overbought and oversold levels.

Relative Strength Index (RSI) for 8X8 INC. RSI is a momentum oscillator that measures the speed and change of price development. The momentum indicator was created by analyst Welles Wilder. The result compares recent gains and losses over restricted time period. Primary usage of the indicator is to identify overbought or oversold signals. When RSI indicator reaches a value of 70 it could mean that speculators should consider selling, suggests Wilder and Chong. Or vice versa when selling excess at which the RSI Indicators show a value of 30 [ Relative Strength Index for Developing Effective Trading Strategies in Constructing Optimal Portfolio ].

Heikin Ashi trading signals are generated based on the Heikin Ashi candles, which are a type of candlestick that smooths out the price action and can help to identify trends. Heikin Ashi signals can be used to identify both long and short trading opportunities.

The awesome oscillator is a momentum indicator that measures the speed and strength of price movements. It is calculated by subtracting a 34-period simple moving average (SMA) from a 5-period SMA.

The Parabolic SAR indicator is a trend-following indicator that uses a series of dots to indicate when a trend is likely to reverse. The Parabolic SAR is a lagging indicator, meaning that it does not predict reversals, but rather confirms them after they have already occurred.

Moving Average Crossover

52W High 52W Low Market Cap

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8X8 INC on Nasdaq

8X8 INC on finviz

Figure below show the stock predictions.
Date Closing price Prediction was updated
2024-05-24 2.48 2024-04-25 13:20
2024-05-22 2.47 2024-04-25 13:20
2024-05-23 2.47 2024-04-25 13:20
2024-05-20 2.46 2024-04-25 13:20
2024-05-21 2.47 2024-04-25 13:20
2024-05-27 2.49 2024-04-25 13:20
2024-06-07 2.55 2024-04-25 13:20
2024-06-05 2.53 2024-04-25 13:20
2024-06-03 2.52 2024-04-25 13:20
2024-06-04 2.53 2024-04-25 13:20
2024-05-31 2.52 2024-04-25 13:20
2024-06-06 2.54 2024-04-25 13:20
2024-05-28 2.49 2024-04-25 13:20
2024-05-29 2.50 2024-04-25 13:20
2024-05-30 2.51 2024-04-25 13:20
2024-06-10 2.55 2024-04-25 13:20
2024-06-11 2.56 2024-04-25 13:20
2024-06-12 2.56 2024-04-25 13:20
2024-06-17 2.58 2024-04-25 13:20
2024-06-18 2.59 2024-04-25 13:20
2024-06-19 2.59 2024-04-25 13:20
2024-06-14 2.58 2024-04-25 13:20
2024-06-13 2.57 2024-04-25 13:20
2024-06-20 2.60 2024-04-25 13:20
2024-05-08 2.43 2024-04-25 13:20
2024-05-06 2.41 2024-04-25 13:20
2024-05-07 2.42 2024-04-25 13:20
2024-05-13 2.42 2024-04-25 13:20
2024-05-14 2.43 2024-04-25 13:20
2024-05-15 2.43 2024-04-25 13:20
2024-05-16 2.44 2024-04-25 13:20
2024-05-09 2.42 2024-04-25 13:20
2024-04-29 2.36 2024-04-25 13:20
2024-04-30 2.35 2024-04-25 13:20
2024-05-01 2.36 2024-04-25 13:20
2024-05-02 2.35 2024-04-25 13:20
2024-05-17 2.45 2024-04-25 13:20
2024-05-03 2.38 2024-04-25 13:20
2024-05-10 2.41 2024-04-25 13:20

The forecast (dashed curve) of the share price performance is based on historical data. Our forecast model is based on mathematical, statistical methods. The website offers price forecasts and analysis tools for equities and other securities, which are exclusively based on the prices of these securities in the past. Information about these prices is provided to us by third parties. Although we believe, If we believe that our sources are reliable, we cannot guarantee the accuracy, completeness, timeliness and correct sequencing of this information. We do not investigate the issuers of the securities to which our forecasts relate, nor do we consider any financial data or other data of such issuers with the exception of the past prices of the securities. Therefore, our forecasts do not constitute an analysis of other commercial or financial factors or circumstances, that may be relevant for future security price flows. Investments require additional considerations. Our forecasts cannot reflect the specific situation. Experience and risk profile of an individual investor or the tax implications an investment may have for the investor. Although we believe that our mathematical models are a tool to try to explore the possibility for future price development with the help of past performance, such developments are subject to a multitude of different influences. and therefore not really predictable. We cannot guarantee the success of any investment you make based on the information published here. This website is for information purposes only. All information and data on this website cannot be guaranteed to be accurate, accuracy, completeness and appropriateness - neither explicit nor implicit.