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The price of 89bio Inc (NASDAQ: ETNB) closed at $7.90 in the last session, up 2.73% from day before closing price of $7.69. In other words, the price has increased by $2.73 from its previous closing price. On the day, 0.8 million shares were traded. ETNB stock price reached its highest trading level at $8.01 during the session, while it also had its lowest trading level at $7.51.
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 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:
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 Dec 06 ’24 when PALEKAR ROHAN bought 5,000 shares for $7.89 per share. The transaction valued at 39,450 led to the insider holds 471,236 shares of the business.
McWherter Charles bought 10,000 shares of ETNB for $80,000 on Dec 05 ’24. The Director now owns 10,000 shares after completing the transaction at $8.00 per share. On Nov 22 ’24, another insider, PALEKAR ROHAN, who serves as the Chief Executive Officer of the company, bought 10,000 shares for $8.35 each. As a result, the insider paid 83,500 and bolstered with 466,236 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 928897792 and an Enterprise Value of 452192064.
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 -5.95%, while the 200-Day Moving Average is calculated to be -11.37%.
Shares Statistics:
According to the various share statistics, ETNB traded on average about 786.64K shares per day over the past 3-months and 1014820 shares per day over the past 10 days. A total of 117.58M shares are outstanding, with a floating share count of 112.92M. Insiders hold about 3.97% of the company’s shares, while institutions hold 89.22% stake in the company. Shares short for ETNB as of 1732838400 were 5877277 with a Short Ratio of 7.47, compared to 1730332800 on 5382069. Therefore, it implies a Short% of Shares Outstanding of 5877277 and a Short% of Float of 6.25.
