In the latest session, 89bio Inc (NASDAQ: ETNB) closed at $11.74 up 6.44% from its previous closing price of $11.03. In other words, the price has increased by $+0.71 from its previous closing price. On the day, 1116815 shares were traded. ETNB stock price reached its highest trading level at $11.79 during the session, while it also had its lowest trading level at $10.98.
Ratios:
For a deeper understanding of 89bio Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 18.23 and its Current Ratio is at 18.23. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.06.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, RBC Capital Mkts on January 12, 2024, Downgraded its rating to Sector Perform and sets its target price to $15 from $24 previously.
On August 28, 2023, UBS started tracking the stock assigning a Buy rating and target price of $36.UBS initiated its Buy rating on August 28, 2023, with a $36 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 29 when PALEKAR ROHAN sold 50,000 shares for $11.20 per share. The transaction valued at 560,000 led to the insider holds 301,225 shares of the business.
LAPORTE KATHLEEN sold 12,500 shares of ETNB for $235,000 on Jul 17. The Director now owns 0 shares after completing the transaction at $18.80 per share. On Jun 05, another insider, PALEKAR ROHAN, who serves as the Chief Executive Officer of the company, sold 15,000 shares for $20.00 each. As a result, the insider received 300,000 and left with 286,978 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ETNB now has a Market Capitalization of 1.09B and an Enterprise Value of 670.34M.
Stock Price History:
Over the past 52 weeks, ETNB has reached a high of $22.93, while it has fallen to a 52-week low of $6.57. The 50-Day Moving Average of the stock is 10.49, while the 200-Day Moving Average is calculated to be 13.54.
Shares Statistics:
For the past three months, ETNB has traded an average of 1.38M shares per day and 1.21M over the past ten days. A total of 90.77M shares are outstanding, with a floating share count of 84.21M. Insiders hold about 7.24% of the company’s shares, while institutions hold 106.08% stake in the company. Shares short for ETNB as of Jan 31, 2024 were 9.63M with a Short Ratio of 6.98, compared to 8.48M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 10.33% and a Short% of Float of 11.82%.
Earnings Estimates
There are 8 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.49 for the current quarter, with a high estimate of -$0.38 and a low estimate of -$0.61, while EPS last year was -$0.48. The consensus estimate for the next quarter is -$0.53, with high estimates of -$0.44 and low estimates of -$0.71.
Analysts are recommending an EPS of between -$1.85 and -$2.55 for the fiscal current year, implying an average EPS of -$2.08. EPS for the following year is -$2.36, with 10 analysts recommending between -$1.66 and -$3.4.
