How to Buy 8x8 Stock
8x8 Inc
8x8 is a app company located in California, United States, which is part of the Technology sector, and is traded under the ticker EGHT on the NASDAQ exchange.
8x8 stock last closed at $2.18, up 1.4% from the previous day, and has decreased 37.71% in one year. It has underperformed other stocks in the Software - Application industry by 0.56 percentage points. 8x8 stock is currently +2.83% from its 52-week low of $2.12, and -55.28% from its 52-week high of $4.88.
At the moment, there are 123.42M shares of EGHT outstanding. The market capitalization of EGHT is $269.06M. In the last 24 hours, 963,488 EGHT shares were traded.
How to Buy 8x8 Stock
Wondering how to invest in 8x8 stock? Here's how.
- Decide where to buy 8x8 stock: You need to pick an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy 8x8 stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Select your payment method and add your information.
- Research 8x8 stock: The 8x8 ticker symbol is EGHT. Is 8x8 stock a good investment? Should you buy shares of EGHT? How do EGHT's underlying business fundamentals look? Do top analysts think 8x8 is a good buy? Why has EGHT's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if EGHT is a good stock to buy).
- Execute your EGHT trade: Decide if you will purchase EGHT shares at the current market price or use a limit order to buy EGHT shares at a specific price.
- Get updates on your EGHT investment: Create a watchlist to key updates about your position in 8x8 shares.
Step 1: Decide where to buy 8x8 stock
You will need an online brokerage account to access the NASDAQ market and buy EGHT shares.
Our preferred brokerage: eToro
We believe that eToro is the best online stock brokerage. Here's why:
- You can invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
- Access to global financial markets: From Technology to Healthcare, New York to Shanghai — you can fill your portfolio with stocks from the globe's leading exchanges.
- Social investing: eToro offers a community of more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by opening an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've picked the best brokerage, you need to fill out some personal details so you are able to buy EGHT stock today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create a new trading account.
- Submit your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've created your account on the best investment app, you can securely and quickly fund your account:
Watch the video below for more details depositing money into your brokerage account.
Step 4: Research 8x8 stock
After you have chosen the best place to buy 8x8 stock, it's important to research their stock prior to buying, so you can comprehend the risk and opportunity.
8x8 shares quick numbers
EGHT Due Diligence Checks
WallStreetZen was designed to help average investors perform more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on EGHT's stock page.
What is the fair value of EGHT stock?
Investors use many financial metrics, analyses, models, and charts to gauge EGHT's fair value.
Using relative valuations metrics:
- EGHT could be undervalued based on its P/B ratio of 2.45x, relative to Software - Application industry P/B ratio of 6.31x
You can access more valuation research on EGHT's stock here.
EGHT Financial Health Summary
Passed Financial Due Diligence Checks:
- EGHT profit margin has gone up from -14.8% to -7.3% in the past year.
- There are more short-term assets than short-term liabilities on the EGHT balance sheet.
Failed Financial Due Diligence Checks:
- There are more long-term liabilities than short-term assets on the EGHT balance sheet.
- EGHT's operating cash flow of $79.95M allows it to safely service it's debt of $543.09M.
- Total EGHT debt is higher than 5 years ago, relative to shareholder equity.
- EGHT has a relatively high debt to equity ratio of 6.54.
- EGHT earnings of -$50.09M is not enough to cover its interest payments.
Do Wall Street analysts think it's a good time to buy 8x8 stock
Out of 5 sell side analysts who research EGHT, the consensus analyst rating on 8x8 is a Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are forecasting on the 8x8 stock forecast page.
EGHT Momentum
Is EGHT Making Money?
Last year, EGHT revenue was $733.82M. During the past 5 year, EGHT's revenue has grown by 16.76% per year. This was slower than the Software - Application industry average of 27.59%.
Learn more about EGHT's earnings and revenue performance here.
Are EGHT executives and large shareholders buying or selling the stock?
Over the past year, executives and large shareholders at EGHT have sold more shares than they have bought.
Suzy M. Seandel, Chief Accounting Officer of EGHT, was the latest EGHT insider to sell. They sold $16,434.84 worth of EGHT shares on Apr 16, 2024.
Dig into more about who owns EGHT stock here.
Does EGHT provide a stable income stream?
No, 8x8 doesn't provide an income stream by paying out dividends.
What do other traders have to say about EGHT?
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Execute your EGHT trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly fine for most investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount limit, use a limit order.
Hit the Open button and eToro will place the order.
If you require more info about buying stocks on eToro, click the helpful video below:
Step 6: Get updates on your EGHT investment
Now that you own some EGHT shares, you'll want to keep up with your investment.
Put EGHT on a watchlist to see the latest developments about your EGHT stock.
EGHT Feed
How to Buy Stock in 8x8
To summarize, here are the 6 steps to buy stock in 8x8:
- Decide where to buy 8x8 stock
- Open your brokerage account
- Fund your brokerage account
- Research 8x8 stock
- Execute your EGHT trade
- Get updates on your EGHT investment
If you are looking for a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get the latest scoop on your new investment in 8x8, create a watchlist on WallStreetZen today.
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