Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The price of 89bio Inc (NASDAQ: ETNB) closed at $10.13 in the last session, down -8.41% from day before closing price of $11.06. In other words, the price has decreased by -$8.41 from its previous closing price. On the day, 2.03 million 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 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.
RBC Capital Mkts Downgraded its Outperform to Sector Perform on January 12, 2024, whereas the target price for the stock was revised 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 Jan 30 ’25 when RA CAPITAL MANAGEMENT, L.P. bought 5,714,285 shares for $8.75 per share. The transaction valued at 49,999,994 led to the insider holds 19,554,319 shares of the business.
McWherter Charles bought 10,000 shares of ETNB for $67,100 on Jan 22 ’25. The Director now owns 25,000 shares after completing the transaction at $6.71 per share. On Jan 21 ’25, another insider, McWherter Charles, who serves as the Director of the company, bought 5,000 shares for $6.55 each. As a result, the insider paid 32,750 and bolstered with 15,000 shares of the company.
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 $5.99. The 50-Day Moving Average of the stock is 17.66%, while the 200-Day Moving Average is calculated to be 19.73%.
Shares Statistics:
A total of 145.75M shares are outstanding, with a floating share count of 138.72M. Insiders hold about 4.82% of the company’s shares, while institutions hold 90.00% stake in the company.
