Why 8×8, Inc. (EGHT) Is Getting Lifted Today
8×8, Inc. (NYSE:EGHT) is among the top gainers of the stock market today, skyrocketing 2.72% or (0.53 points) to $20.03 from its previous close of $19.5. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 698283 contracts so far this session. EGHT shares had a relatively better volume day versus average trading capacity of 1.28 million shares, but with a 97.3 million float and a 5.29% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for EGHT stock indicates that the average analyst price target is $25.65 per share. This means the stock has a potential increase of 28.06% from where the EGHT share price has been trading recently.
Looking at the current readings for 8×8, Inc., t ...