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 $8.07 for the day, up 2.28% from the previous closing price of $7.89. In other words, the price has increased by $2.28 from its previous closing price. On the day, 3.69 million shares were traded. ETNB stock price reached its highest trading level at $8.165 during the session, while it also had its lowest trading level at $7.85.
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 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:
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 Nov 22 ’24 when PALEKAR ROHAN bought 10,000 shares for $8.35 per share. The transaction valued at 83,500 led to the insider holds 466,236 shares of the business.
Le-Nguyen Quoc sold 27,955 shares of ETNB for $226,995 on Oct 30 ’24. The insider now owns 187,796 shares after completing the transaction at $8.12 per share. On Oct 30 ’24, another insider, QUOC LE-NGUYEN, who serves as the Officer of the company, bought 27,955 shares for $8.12 each.
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 948886720 and an Enterprise Value of 470233536.
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 $7.00. The 50-Day Moving Average of the stock is -3.03%, while the 200-Day Moving Average is calculated to be -10.58%.
Shares Statistics:
ETNB traded an average of 711.34K shares per day over the past three months and 871890 shares per day over the past ten days. A total of 117.58M shares are outstanding, with a floating share count of 112.42M. Insiders hold about 4.39% of the company’s shares, while institutions hold 89.23% stake in the company. Shares short for ETNB as of 1731628800 were 5517407 with a Short Ratio of 7.76, compared to 1728950400 on 5378168. Therefore, it implies a Short% of Shares Outstanding of 5517407 and a Short% of Float of 5.87.
