Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of 89bio Inc (NASDAQ: ETNB) was $8.73 for the day, down -0.68% from the previous closing price of $8.79. In other words, the price has decreased by -$0.68 from its previous closing price. On the day, 1.37 million shares were traded.
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 13.19 and its Current Ratio is at 13.19. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.09.
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 this company, Goldman on March 14, 2025, initiated with a Neutral rating and assigned the stock a target price of $11.
On March 13, 2025, Citigroup started tracking the stock assigning a Buy rating and target price of $25.
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 Jan 30 ’25 when RA CAPITAL MANAGEMENT, L.P. bought 5,714,285 shares for $8.75 per share. The transaction valued at 49,999,994 led to the insider holds 19,554,319 shares of the business.
McWherter Charles bought 10,000 shares of ETNB for $67,100 on Jan 22 ’25. The Director now owns 25,000 shares after completing the transaction at $6.71 per share. On Jan 21 ’25, another insider, McWherter Charles, who serves as the Director of the company, bought 5,000 shares for $6.55 each. As a result, the insider paid 32,750 and bolstered with 15,000 shares of the company.
Stock Price History:
Over the past 52 weeks, ETNB has reached a high of $12.16, while it has fallen to a 52-week low of $5.99. The 50-Day Moving Average of the stock is -1.44%, while the 200-Day Moving Average is calculated to be 3.33%.
Shares Statistics:
A total of 145.98M shares are outstanding, with a floating share count of 140.33M. Insiders hold about 3.88% of the company’s shares, while institutions hold 89.65% stake in the company.
