The price of 89bio Inc (NASDAQ: ETNB) closed at $11.73 in the last session, down -14.81% from day before closing price of $13.77. In other words, the price has decreased by -$2.04 from its previous closing price. On the day, 1510943 shares were traded.
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 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.
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 the company, RBC Capital Mkts on January 12, 2024, Downgraded its rating to Sector Perform and sets its target price to $15 from $24 previously.
On August 28, 2023, UBS started tracking the stock assigning a Buy rating and target price of $36.UBS initiated its Buy rating on August 28, 2023, with a $36 target price.
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 Feb 26 when PALEKAR ROHAN sold 4,477 shares for $10.76 per share. The transaction valued at 48,173 led to the insider holds 486,889 shares of the business.
PALEKAR ROHAN sold 50,000 shares of ETNB for $560,000 on Dec 29. The Chief Executive Officer now owns 301,225 shares after completing the transaction at $11.20 per share. On Jul 17, another insider, LAPORTE KATHLEEN, who serves as the Director of the company, sold 12,500 shares for $18.80 each. As a result, the insider received 235,000 and left with 0 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 1.10B and an Enterprise Value of 543.60M.
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 10.65, while the 200-Day Moving Average is calculated to be 13.40.
Shares Statistics:
According to the various share statistics, ETNB traded on average about 1.45M shares per day over the past 3-months and 1.69M shares per day over the past 10 days. A total of 93.27M shares are outstanding, with a floating share count of 86.73M. Insiders hold about 7.24% of the company’s shares, while institutions hold 101.05% stake in the company. Shares short for ETNB as of Feb 15, 2024 were 10.58M with a Short Ratio of 7.30, compared to 8.98M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 11.35% and a Short% of Float of 12.98%.
Earnings Estimates
The company has 7 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.5 for the current quarter, with a high estimate of -$0.4 and a low estimate of -$0.71, while EPS last year was -$0.54. The consensus estimate for the next quarter is -$0.53, with high estimates of -$0.38 and low estimates of -$0.82.
Analysts are recommending an EPS of between -$1.55 and -$3.4 for the fiscal current year, implying an average EPS of -$2.23. EPS for the following year is -$2.59, with 8 analysts recommending between -$1.69 and -$3.75.
