8x8 had a nice pop today and is currently up 4.00% we'll see if the cash keeps flowing in.
Currently EGHT isn't at a clear support/resistance line that seems tradable. 8x8 hasn't shown a lot of strength recently, shareholders don't seem that energized about the Communication Services company's future prospects. EGHT might find some support at the 1.73 level, buyers might push the price back up from here. But it's not very clear what will happen.
The analysts are pretty neutral on 8x8 right now, so not much useful information here. The current Analysts Sentiment Score is 1.01. Most companies range between (-200 to 200).
Here's a break down of the latest rating changes. Rosenblatt Securities reiterated a rating of Buy on 2024-02-01 and added a price target of $4.00. Needham & Company LLC announced that they are reiterating a rating of Buy on 2024-02-01 and they set their price target at $5.00. Craig Hallum upgraded from Hold to Buy on 2023-11-02 and provided a price target of $4.50. On 2023-11-02 Barclays lowered their price target by -37.5% to $2.50. Morgan Stanley announced a lowering of their price target to $3.30 from $4.00 on 2023-10-19. Mizuho announced a lowering of their price target to $3.75 from $5.00 on 2023-08-14. Wells Fargo & Company dropped their price target by -33.33% to $3.00 on 2023-05-12. On 2023-02-02 there was confirmation of the previous rating by Roth Capital which was Neutral.
| Company | Ratings Score
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Composite analyst sentiment score
|
Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
|---|---|---|---|---|---|
| EGHT | 1.01 | 1.39 | 0 | 1.08 | -0.45 |
| Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
|---|---|---|
| EGHT | 0.00 | 0.00 |
We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.
| Company | Short Score (typical 1-15)
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We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
|
Short Interest | Days to Cover | Rate of Change | Shares Short |
|---|---|---|---|---|---|
| EGHT | 0 | %0 | 0 | 0 | 0 |
| Segment | Count | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest | Analysts Ratings ? |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Communication Services | 36 | 0.12 | 0.41 | 2.92 | -5.41 | -9.05 | 13.19 | 53.72 | -12.84 | -3.96 | 3.20 | -12706.36 | -7087.85 | 6.25 | 0.00 | 3.46 | 0.36 |
| Communication Services | 37 | 0.17 | 0.47 | 3.25 | -5.36 | -8.72 | 13.62 | 54.27 | -12.56 | -3.91 | 3.18 | -12371.75 | -7168.40 | 6.08 | 0.00 | 3.52 | 0.36 |
Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.
| Ticker | Social Sentiment(1-10) |
|---|---|
| EGHT |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
