Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
As of close of business last night, 89bio Inc’s stock clocked out at $10.05, down -3.83% from its previous closing price of $10.45. In other words, the price has decreased by -$3.83 from its previous closing price. On the day, 0.52 million shares were traded. ETNB stock price reached its highest trading level at $10.66 during the session, while it also had its lowest trading level at $10.03.
Ratios:
To gain a deeper understanding of ETNB’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 11.65 and its Current Ratio is at 11.65. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.10.
On January 12, 2024, RBC Capital Mkts Downgraded its rating to Sector Perform which previously was Outperform and also lowered its target price recommendation from $24 to $15.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Oct 30 ’24 when Le-Nguyen Quoc sold 27,955 shares for $8.12 per share. The transaction valued at 226,995 led to the insider holds 187,796 shares of the business.
QUOC LE-NGUYEN bought 27,955 shares of ETNB for $226,972 on Oct 30 ’24. On Apr 01 ’24, another insider, PALEKAR ROHAN, who serves as the Chief Executive Officer of the company, sold 52,718 shares for $10.91 each. As a result, the insider received 575,153 and left with 459,171 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 1066566336 and an Enterprise Value of 680363712.
Stock Price History:
Over the past 52 weeks, ETNB has reached a high of $16.63, while it has fallen to a 52-week low of $6.88. The 50-Day Moving Average of the stock is 22.74%, while the 200-Day Moving Average is calculated to be 10.25%.
Shares Statistics:
It appears that ETNB traded 573.66K shares on average per day over the past three months and 845420 shares per day over the past ten days. A total of 106.13M shares are outstanding, with a floating share count of 100.68M. Insiders hold about 5.13% of the company’s shares, while institutions hold 96.24% stake in the company. Shares short for ETNB as of 1728950400 were 5378168 with a Short Ratio of 9.38, compared to 1726185600 on 6944397. Therefore, it implies a Short% of Shares Outstanding of 5378168 and a Short% of Float of 6.529999999999999.
