The price of 89bio Inc (NASDAQ: ETNB) closed at $11.64 in the last session, up 2.92% from day before closing price of $11.31. In other words, the price has increased by $+0.33 from its previous closing price. On the day, 840137 shares were traded. ETNB stock price reached its highest trading level at $11.68 during the session, while it also had its lowest trading level at $11.02.
Ratios:
We take a closer look at ETNB’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 20.04 and its Current Ratio is at 20.04. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.05.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 04 ’24 when RA CAPITAL MANAGEMENT, L.P. bought 1,350,000 shares for $15.35 per share. The transaction valued at 20,722,500 led to the insider holds 12,431,584 shares of the business.
PALEKAR ROHAN sold 4,477 shares of ETNB for $48,173 on Feb 26 ’24. The Chief Executive Officer now owns 486,889 shares after completing the transaction at $10.76 per share. On Dec 29 ’23, another insider, PALEKAR ROHAN, who serves as the Chief Executive Officer of the company, sold 50,000 shares for $11.20 each. As a result, the insider received 560,000 and left with 301,225 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 536.59M.
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 10.99, while the 200-Day Moving Average is calculated to be 12.52.
Shares Statistics:
According to the various share statistics, ETNB traded on average about 1.37M shares per day over the past 3-months and 994.19k shares per day over the past 10 days. A total of 93.27M shares are outstanding, with a floating share count of 86.73M. Insiders hold about 7.24% of the company’s shares, while institutions hold 102.65% stake in the company. Shares short for ETNB as of Mar 15, 2024 were 11.11M with a Short Ratio of 8.13, compared to 10.58M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 11.88% and a Short% of Float of 13.59%.
Earnings Estimates
The company has 8 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.46 for the current quarter, with a high estimate of -$0.4 and a low estimate of -$0.57, while EPS last year was -$0.54. The consensus estimate for the next quarter is -$0.51, with high estimates of -$0.38 and low estimates of -$0.68.
Analysts are recommending an EPS of between -$1.55 and -$2.82 for the fiscal current year, implying an average EPS of -$2.07. EPS for the following year is -$2.61, with 10 analysts recommending between -$1.69 and -$3.4.
