Voice theme +2.36% 1D change: Positive Outlook $EGHT, $CNSL, $AUDC...
Unleashing the Voice: A Deep Dive into EGHT, CNSL, and AUDC
AI Robots: Swing trader: High Capitalization (TA) + 7% Annualized return for last 30 days
Voice Theme - $EGHT $CNSL $AUDC $KVHI $CMTL (+2.36% 1D change)
Voice represents a technology theme involving advanced communication solutions, including audio transmission over the Internet. Some common applications include WhatsApp, Skype, and FaceTime. Among the major corporations contributing to this industry are Audiocodes (AUDC), Nuance Communications Inc., and 8X8 Inc. (EGHT). The ticker symbols related to this theme include EGHT, CNSL, AUDC, KVHI, and CMTL.
Positive Outlook Backed by the MA50 Indicator
The Voice technology theme enjoys a positive market outlook, supported by the MA50 Indicator. Tickeron predicts a further increase of more than 4.00% within the next month, with a probability of 67%. The daily ratio of advancing to declining volumes stood at 1.44 to 1 in the last month, reinforcing this positive sentiment.
Capitalization Dynamics
The Voice theme companies hold an average market capitalization of $348.7M, ranging from $2.4M to $17.9B. NUAN has the highest market cap at $17.9B, and OHGI has the lowest at $2.4M. The market cap distribution paints a picture of a theme dominated by a few major players but with opportunities for smaller entities to grow.
Price and Volume Trends
Voice theme's average weekly price growth was 4.65%, with a monthly increase of 6.75%. However, the average quarterly price growth dipped to -29.36%, highlighting some volatility. On the volume front, the average weekly, monthly, and quarterly volume growth rates were -4.54%, -4.34%, and -39.31%, respectively, suggesting a slowdown in trading activity.
AI-Driven Trading Performance
The AI Swing trader focusing on high capitalization (TA) demonstrated a 7% annualized return for the last 30 days. This suggests that the application of artificial intelligence in trading is yielding positive results, potentially providing investors with an edge in the market.
Analyzing Key Players in the Voice Technology Space
8X8 Inc. (EGHT)
8X8 Inc. is a key player in the Voice theme, utilizing cloud technology to provide unified communications systems, including voice, video, chat, and contact center solutions. On 6/29/23, EGHT experienced a significant uptick, growing by 11.51%. Despite a weekly decline of 6.39% on 6/21/23, its overall performance demonstrated strength within this market.
Consolidated Communications Holdings (CNSL)
Consolidated Communications Holdings is a major telecommunications company in the US, offering a wide range of services, including voice, data, and Internet services. It was the top gainer among penny stocks for the week of 4/6/23, demonstrating a rise of 18.22%. Despite a fall of 3.75% in the period under review, its outlook remains positive due to its diverse service offerings.
Audiocodes (AUDC)
Audiocodes is a leading company in the Voice technology sphere, providing advanced voice networking and media processing solutions for the digital workplace. Although it hasn't been featured in the news excerpts, the company is recognized for its robust voice products and applications, contributing significantly to the Voice theme's market cap.
The Voice theme presents a favorable investment environment backed by promising technologies and sound company performance. EGHT, CNSL, and AUDC, among others, hold considerable potential for those interested in the tech industry's Voice sector.
EGHT's Indicator enters downward trend
The Aroon Indicator for EGHT entered a downward trend on September 20, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 285 similar instances where the Aroon Indicator formed such a pattern. In of the 285 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EGHT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The Moving Average Convergence Divergence (MACD) for EGHT just turned positive on September 18, 2023. Looking at past instances where EGHT's MACD turned positive, the stock continued to rise in of 59 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EGHT advanced for three days, in of 275 cases, the price rose further within the following month. The odds of a continued upward trend are .
EGHT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.860) is normal, around the industry mean (21.161). P/E Ratio (834.511) is within average values for comparable stocks, (153.203). Projected Growth (PEG Ratio) (0.554) is also within normal values, averaging (2.676). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (0.453) is also within normal values, averaging (74.261).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. EGHT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. EGHT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of voice over internet protocol solutions
Industry PackagedSoftware
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| JAREX | 12.89 | 0.03 | +0.23% |
| Easterly Global Real Estate A | |||
| IAAEX | 10.90 | -0.03 | -0.27% |
| Transamerica Mid Cap Value Opps I2 | |||
| THBIX | 17.63 | -0.14 | -0.79% |
| Victory THB US Small Opportunities I | |||
| FWOAX | 13.77 | -0.11 | -0.79% |
| Fidelity Advisor® Women's Leadership A | |||
| MRERX | 41.38 | -0.34 | -0.81% |
| MFS Core Equity R2 | |||
EGHT and
Correlation & Price change
A.I.dvisor indicates that over the last year, EGHT has been loosely correlated with RNG. These tickers have moved in lockstep 65% of the time. This A.I.-generated data suggests there is some statistical probability that if EGHT jumps, then RNG could also see price increases.
| Ticker / NAME | Correlation To EGHT | 1D Price Change % | ||
|---|---|---|---|---|
| EGHT | 100% | -2.40% | ||
| RNG - EGHT | 65% Loosely correlated | -1.50% | ||
| COIN - EGHT | 56% Loosely correlated | -1.87% | ||
| PUBM - EGHT | 54% Loosely correlated | -1.80% | ||
| CLSK - EGHT | 54% Loosely correlated | -3.66% | ||
| JAMF - EGHT | 53% Loosely correlated | -1.33% | ||
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