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The closing price of 89bio Inc (NASDAQ: ETNB) was $8.26 for the day, up 0.12% from the previous closing price of $8.25. In other words, the price has increased by $0.12 from its previous closing price. On the day, 0.65 million shares were traded. ETNB stock price reached its highest trading level at $8.45 during the session, while it also had its lowest trading level at $8.18.
Ratios:
Our analysis of ETNB’s different ratios will help us gain a deeper understanding of the company. 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.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 01 ’24 when PALEKAR ROHAN sold 52,718 shares for $10.91 per share. The transaction valued at 575,153 led to the insider holds 459,171 shares of the business.
RA CAPITAL MANAGEMENT, L.P. bought 1,350,000 shares of ETNB for $20,722,500 on Mar 04 ’24. The Director now owns 12,431,584 shares after completing the transaction at $15.35 per share. On Feb 26 ’24, another insider, PALEKAR ROHAN, who serves as the Chief Executive Officer of the company, sold 4,477 shares for $10.76 each. As a result, the insider received 48,173 and left with 486,889 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 786556096 and an Enterprise Value of 220558000.
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 -24.90%, while the 200-Day Moving Average is calculated to be -30.76%.
Shares Statistics:
ETNB traded an average of 1.27M shares per day over the past three months and 745220 shares per day over the past ten days. A total of 93.27M shares are outstanding, with a floating share count of 88.56M. Insiders hold about 7.00% of the company’s shares, while institutions hold 101.93% stake in the company. Shares short for ETNB as of 1713139200 were 11209464 with a Short Ratio of 8.80, compared to 1710460800 on 11112228. Therefore, it implies a Short% of Shares Outstanding of 11209464 and a Short% of Float of 15.640001.
