Voice Industry Stocks($EGHT, $CNSL, $AUDC, $KVHI, $CMTL...) Soar with Impressive Monthly Gains 23.07%📈
The voice industry, pivotal in today's digital communication landscape, includes companies that develop technologies for voice communication over the internet. This sector has become increasingly important as applications like WhatsApp, Skype, and Facetime gain widespread usage. Key players in this market include Audiocodes, Nuance Communications Inc., and 8X8 Inc., each contributing uniquely to the evolving voice technology landscape.
🌐Tickers in Industry - $EGHT, $CNSL, $AUDC, $KVHI, $CMTL
Market Capitalization Insights
The voice technology sector demonstrates significant diversity in market capitalization, averaging at 325.3M across the industry. Nuance Communications Inc. (NUAN) leads with a staggering 17.9B valuation, while the smallest, OHGI, stands at 2.4M. This variance highlights the dynamic range of company sizes within this theme.
Price Movements and Growth
The voice technology theme has witnessed a notable average monthly price growth of 23.03%, despite a slight decline in the quarterly figures. Audiocodes (AUDC) showed the most substantial growth at 7.15%, while 8X8 Inc. (EGHT) saw a decline of -8.18%. These fluctuations are indicative of the vibrant and ever-changing nature of the voice technology market.
Key Developments
- 8x8 (EGHT) experienced significant volatility, being a top weekly gainer in late June with a +11.51% jump, yet facing a steep fall of -18.73% in September.
- Consolidated Communications Holdings (CNSL) emerged as a top performer in early April, with a remarkable weekly rise of +18.22%.
Trading Volume Trends
The trading volume for voice technology stocks has seen a downward trend, with an average quarterly volume drop of -81%. However, there have been instances of dramatic increases in daily volumes, such as:
- Consolidated Communications Holdings experienced a consecutive five-day volume increase, averaging a daily gain of 181%.
- Both KVH Industries and 8x8 saw record-breaking daily volume growths of 236% and 1,005%, respectively, on the same day in mid-September.
The voice technology sector has shown impressive growth over the last month, marked by significant gains in stock prices and notable fluctuations in market capitalization and trading volumes. This sector, powered by leading companies like Audiocodes, Nuance Communications Inc., and 8X8 Inc., continues to be a vibrant and dynamic part of the tech industry, reflecting the ever-growing importance of voice communication technologies in the digital age.
EGHT : EGHT's trading outlook has taken a bearish turn, as revealed by the Aroon Indicator on October 23, 2023. Analyzed by Tickeron's A.I.dvisor, the indicator shows a worrisome pattern: the AroonDown (red) line surpassing 70, while the AroonUp (green) line remains below 30 for three consecutive days. Historically, this pattern has often preceded a downward trajectory. Out of 287 similar occurrences, 256 resulted in a drop in the stock's price, translating to an 89% probability of a continued decline. This trend suggests that traders might consider strategies like selling their holdings or exploring put options to mitigate potential losses.
CNSL : CNSL's trading outlook indicates a potential shift as its 10-day RSI Oscillator exited the overbought zone on November 7, 2023. This movement could signal a transition from an upward to a downward trend. Tickeron's A.I.dvisor analyzed 20 similar instances of this indicator shift, finding that in 18 cases, the stock's price declined shortly after. With a 90% probability of a downward movement based on historical data, traders might consider strategies such as selling their shares or opting for put options to prepare for possible decreases in the stock's value.
AUDC : AUDC's recent price movement has triggered a potential sell signal as it surpassed its upper Bollinger Band on November 22, 2023. Typically, this breach signals an overextended price movement, often followed by a reversion towards the middle band, indicating a downward trend. Investors and traders might contemplate strategies such as selling their shares or considering put options. Tickeron's A.I.dvisor analyzed 41 comparable instances and found that in 39 cases, the stock price declined following such a breakout. This historical pattern suggests a high probability, approximately 90%, of AUDC experiencing a similar price drop.
EGHT in downward trend: 10-day moving average crossed below 50-day moving average on December 31, 2024
The 10-day moving average for EGHT crossed bearishly below the 50-day moving average on December 31, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 10 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on January 07, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on EGHT as a result. In of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
EGHT moved below its 50-day moving average on January 06, 2025 date and that indicates a change from an upward trend to a downward trend.
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 .
The Aroon Indicator for EGHT entered a downward trend on December 24, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. EGHT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly 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 (3.016) is normal, around the industry mean (31.338). EGHT has a moderately high P/E Ratio (834.511) as compared to the industry average of (158.237). Projected Growth (PEG Ratio) (0.554) is also within normal values, averaging (2.763). Dividend Yield (0.000) settles around the average of (0.084) among similar stocks. P/S Ratio (0.502) is also within normal values, averaging (58.727).
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 87, placing this stock worse than average.
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Industry description
Market Cap
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of global high speed Internet, television and voice services via satellite to mobile users at sea and on land
Industry TelecommunicationsEquipment