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In the latest session, 89bio Inc (NASDAQ: ETNB) closed at $7.67 down -6.35% from its previous closing price of $8.19. In other words, the price has decreased by -$6.35 from its previous closing price. On the day, 0.7 million shares were traded. ETNB stock price reached its highest trading level at $8.26 during the session, while it also had its lowest trading level at $7.61.
Ratios:
For a deeper understanding of 89bio Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 13.92 and its Current Ratio is at 13.92. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.04.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 812329728 and an Enterprise Value of 308292640.
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 $6.57. The 50-Day Moving Average of the stock is -10.75%, while the 200-Day Moving Average is calculated to be -20.13%.
Shares Statistics:
For the past three months, ETNB has traded an average of 791.90K shares per day and 545420 over the past ten days. A total of 105.91M shares are outstanding, with a floating share count of 99.24M. Insiders hold about 6.30% of the company’s shares, while institutions hold 96.51% stake in the company. Shares short for ETNB as of 1724976000 were 6844707 with a Short Ratio of 8.64, compared to 1722384000 on 6502227. Therefore, it implies a Short% of Shares Outstanding of 6844707 and a Short% of Float of 8.3100006.
