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The price of 89bio Inc (NASDAQ: ETNB) closed at $9.23 in the last session, down -0.65% from day before closing price of $9.29. In other words, the price has decreased by -$0.65 from its previous closing price. On the day, 0.82 million shares were traded. ETNB stock price reached its highest trading level at $9.49 during the session, while it also had its lowest trading level at $8.98.
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 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:
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 Oct 30 ’24 when Le-Nguyen Quoc sold 27,955 shares for $8.12 per share. The transaction valued at 226,995 led to the insider holds 187,796 shares of the business.
QUOC LE-NGUYEN bought 27,955 shares of ETNB for $226,972 on Oct 30 ’24. On Apr 01 ’24, another insider, PALEKAR ROHAN, who serves as the Chief Executive Officer of the company, sold 52,718 shares for $10.91 each. As a result, the insider received 575,153 and left with 459,171 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 983899520 and an Enterprise Value of 473512224.
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 $6.88. The 50-Day Moving Average of the stock is 13.77%, while the 200-Day Moving Average is calculated to be 1.18%.
Shares Statistics:
According to the various share statistics, ETNB traded on average about 558.83K shares per day over the past 3-months and 630280 shares per day over the past 10 days. A total of 105.91M shares are outstanding, with a floating share count of 100.45M. Insiders hold about 5.16% of the company’s shares, while institutions hold 96.76% stake in the company. Shares short for ETNB as of 1728950400 were 5378168 with a Short Ratio of 9.62, compared to 1726185600 on 6944397. Therefore, it implies a Short% of Shares Outstanding of 5378168 and a Short% of Float of 6.529999999999999.
