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8x8, Inc. Common Stock | EGHT

Daily Technical Analysis of 8x8, Inc. Common Stock

8x8 is down a bit on the day, funds flowing out kept the price down -1.61% since yesterday.

The Communication Services company isn't at an immediate support or resistance level that might be predictive. EGHT hasn't established a very clear directional momentum over the last few months. So it's not clear exactly where it's going. EGHT may hit some resistance around the 3.23 level, more sellers may enter the market here and push price back down. But it's definitely not guaranteed.


Analyst Ratings for 8x8 By Price Target And Rating

The balance of viewpoints by the analysts is positive. The current Analysts Sentiment Score is 87.54. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Rosenblatt Securities reiterated a rating of Buy ➝ Buy on 2023-09-20 and added a price target of $5.00. Mizuho dropped their 1 year price target to 5.003.75 on 2023-08-14. Needham & Company LLC lowered their price target to 7.006.00 on 2023-08-10. Craig Hallum downgraded the stock of Buy ➝ Hold on 2023-08-09 and provided a price target of $7.004.00. On 2023-05-12 Barclays decreased their price target to 5.004.00. Wells Fargo & Company lowered their price target to 4.503.00 on 2023-05-12. Morgan Stanley gave a boost to their price target and increased it to 4.505.40 on 2023-02-02. On 2023-02-02 there was confirmation of the previous rating by Roth Capital which was Neutral. On 2022-12-14 Wedbush started covering 8x8 with a rating of Neutral and provided a price target of $7.00. Northland Securities dropped their 1 year price target to 8.00 on 2022-11-01.

Company Ratings Score ?
Composite analyst sentiment score
Positive Ratings Negative Ratings Boost Price Target Lower Price Target
EGHT87.5497.790103.16-25.88

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2022-05-02)
Company YOY Growth Score (typical -20 to +20) Revision Directions (-6 to +6)
EGHT0.00-11.99

Short interest for 8x8

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) ?
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
EGHT11.05%15.47.2-3.10216120000

How 8x8 compares to the broader Communication Services sector and the more specific Communication Services industry

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

Show Me Companies With:

S-Momentum: Highest | Lowest
1 Day Growth: Highest | Lowest
5 Day Growth: Highest | Lowest
1 Month Growth: Highest | Lowest
6 Month Growth: Highest | Lowest
39-0.57-2.00-0.634.044.840.4262.85-2.05-0.581.64-14340.57-9904.902.566.414.1832.71
Communication Services

Show Me Companies With:

S-Momentum: Highest | Lowest
1 Day Growth: Highest | Lowest
5 Day Growth: Highest | Lowest
1 Month Growth: Highest | Lowest
6 Month Growth: Highest | Lowest
40-0.53-2.02-0.573.984.710.2263.25-2.15-0.731.40-13990.14-9757.565.626.254.2637.17

Social Sentiment for 8x8

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

Companies with the highest correlation to 8x8

Company Score 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 Score
ACCD | Accolade, Inc. Common Sto1.26-1.28-9.81-16.91-14.87-20.94-9.436716.2519.4225.22-1170.73-12549.06004.74564
CDLX | Cardlytics, Inc. Common S1.19-3.29-11.877.38132.26439.3347.5489102.5951.6643.88164.85-21127.2310007.93021
DDD | 3D Systems Corp1.16-2.59-8.15-26.43-55.30-55.48-45.7344-29.86-35.15-27.12-37593.20-1400.00008.68812
VFF | Village Farms Internation1.161.6417.6853.9827.43-11.680.0062-10.67-22.26-20.03-50060.55-3858.03002.74688
MGNI | Magnite, Inc. Common Stoc1.130.20-4.84-5.21-46.40-19.8610.4259-4.86-3.3912.00-17110.22-3174.74005.70064
SSYS | Stratasys Inc (ISRAEL)1.130.650.49-11.74-30.86-13.70-14.8860-2.92-2.2210.24-23296.28-1030.90001.55323
PAGS | PagSeguro Digital Ltd.1.110.97-5.76-7.73-10.895.83-40.6158-15.35-10.60-11.19-2136.35-2792.440011.1978
ALRM | Alarm.com Holdings, Inc.1.112.212.545.9820.9424.31-3.647418.148.445.69-12072.92-11449.12004.89609

Top 3 correlating companies

See full charts for all peers

Sentiment Score

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.

Earnings Estimates
Analyst Rating
Price Targets
Short Interest
Financials
Options Sentiment
Institutional Ownership
Social Sentiment
Fidelity Summary
Overall Summary Notes
Calculated Sentiment Sum

Score Sum
(1-45)

/

Average
(1-5)

+

Pattern Rank
(1-5)

=

Total Score
(1-10)

Research

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