8x8 Common Stock Stock Filter Stocks by Fundamentals
| EGHT Stock | USD 2.29 0.03 1.33% |
8x8 Common Stock fundamentals help investors to digest information that contributes to 8x8 Common's financial success or failures. It also enables traders to predict the movement of 8x8 Stock. The fundamental analysis module provides a way to measure 8x8 Common's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to 8x8 Common stock.
8x8 | Price to Earning |
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Fundamental AnalysisView fundamental data based on most recent published financial statements |
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8x8 Fundamentals
| Return On Equity | -0.54 | ||||
| Return On Asset | -0.0037 | ||||
| Profit Margin | (0.07) % | ||||
| Operating Margin | (0.25) % | ||||
| Current Valuation | 514.2 M | ||||
| Shares Outstanding | 123.42 M | ||||
| Shares Owned By Insiders | 2.29 % | ||||
| Shares Owned By Institutions | 95.25 % | ||||
| Number Of Shares Shorted | 15.08 M | ||||
| Price To Earning | (187.86) X | ||||
| Price To Book | 2.62 X | ||||
| Price To Sales | 0.39 X | ||||
| Revenue | 743.94 M | ||||
| Gross Profit | 390.57 M | ||||
| EBITDA | (14.01 M) | ||||
| Net Income | (73.14 M) | ||||
| Cash And Equivalents | 130.92 M | ||||
| Cash Per Share | 1.13 X | ||||
| Total Debt | 568.87 M | ||||
| Debt To Equity | 7.05 % | ||||
| Current Ratio | 1.56 X | ||||
| Book Value Per Share | 1.36 X | ||||
| Cash Flow From Operations | 48.79 M | ||||
| Short Ratio | 11.65 X | ||||
| Earnings Per Share | (0.45) X | ||||
| Price To Earnings To Growth | 0.53 X | ||||
| Target Price | 4.27 | ||||
| Number Of Employees | 1.92 K | ||||
| Beta | 1.43 | ||||
| Market Capitalization | 282.63 M | ||||
| Total Asset | 840.88 M | ||||
| Retained Earnings | (792.92 M) | ||||
| Working Capital | 43.24 M | ||||
| Current Asset | 185.9 M | ||||
| Current Liabilities | 34.73 M | ||||
| Net Asset | 840.88 M |
About 8x8 Common Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze 8x8 Common Stock's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of 8x8 Common using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of 8x8 Common Stock based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with 8x8 Common
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if 8x8 Common position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in 8x8 Common will appreciate offsetting losses from the drop in the long position's value.Moving together with 8x8 Stock
| 0.63 | U | Unity Software Financial Report 8th of May 2024 | PairCorr |
| 0.74 | DT | Dynatrace Holdings LLC Financial Report 15th of May 2024 | PairCorr |
Moving against 8x8 Stock
| 0.49 | ML | MoneyLion Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to 8x8 Common could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 8x8 Common when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back 8x8 Common - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling 8x8 Common Stock to buy it.
The correlation of 8x8 Common is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 8x8 Common moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 8x8 Common Stock moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for 8x8 Common can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out 8x8 Common Piotroski F Score and 8x8 Common Altman Z Score analysis. Note that the 8x8 Common Stock information on this page should be used as a complementary analysis to other 8x8 Common's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for 8x8 Stock analysis
When running 8x8 Common's price analysis, check to measure 8x8 Common's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 8x8 Common is operating at the current time. Most of 8x8 Common's value examination focuses on studying past and present price action to predict the probability of 8x8 Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 8x8 Common's price. Additionally, you may evaluate how the addition of 8x8 Common to your portfolios can decrease your overall portfolio volatility.
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Is 8x8 Common's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 8x8 Common. If investors know 8x8 will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 8x8 Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.45) | Revenue Per Share 6.179 | Quarterly Revenue Growth 0.174 | Return On Assets (0) | Return On Equity (0.54) |
The market value of 8x8 Common Stock is measured differently than its book value, which is the value of 8x8 that is recorded on the company's balance sheet. Investors also form their own opinion of 8x8 Common's value that differs from its market value or its book value, called intrinsic value, which is 8x8 Common's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 8x8 Common's market value can be influenced by many factors that don't directly affect 8x8 Common's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 8x8 Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if 8x8 Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 8x8 Common's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.