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The closing price of 89bio Inc (NASDAQ: ETNB) was $9.01 for the day, up 0.11% from the previous closing price of $9.00. In other words, the price has increased by $0.11 from its previous closing price. On the day, 7.34 million shares were traded. ETNB stock price reached its highest trading level at $10.14 during the session, while it also had its lowest trading level at $8.47.
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 Jan 22 ’25 when McWherter Charles bought 10,000 shares for $6.71 per share. The transaction valued at 67,100 led to the insider holds 25,000 shares of the business.
McWherter Charles bought 5,000 shares of ETNB for $32,750 on Jan 21 ’25. The Director now owns 15,000 shares after completing the transaction at $6.55 per share. On Jan 15 ’25, another insider, Le-Nguyen Quoc, who serves as the insider of the company, sold 10,963 shares for $6.49 each. As a result, the insider received 71,150 and left with 271,833 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 1059413824 and an Enterprise Value of 569992320.
Stock Price History:
The Beta on a monthly basis for ETNB is 1.06, which has changed by -0.090909064 over the last 52 weeks, in comparison to a change of 0.25219524 over the same period for the S&P500. Over the past 52 weeks, ETNB has reached a high of $16.63, while it has fallen to a 52-week low of $5.99. The 50-Day Moving Average of the stock is 14.84%, while the 200-Day Moving Average is calculated to be 8.33%.
Shares Statistics:
ETNB traded an average of 1.51M shares per day over the past three months and 3768240 shares per day over the past ten days. A total of 117.58M shares are outstanding, with a floating share count of 112.63M. Insiders hold about 4.21% of the company’s shares, while institutions hold 92.61% stake in the company. Shares short for ETNB as of 1736899200 were 8352125 with a Short Ratio of 5.54, compared to 1734048000 on 6936549. Therefore, it implies a Short% of Shares Outstanding of 8352125 and a Short% of Float of 8.88.
