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The price of 89bio Inc (NASDAQ: ETNB) closed at $9.22 in the last session, up 2.44% from day before closing price of $9.00. In other words, the price has increased by $2.44 from its previous closing price. On the day, 1.31 million shares were traded. ETNB stock price reached its highest trading level at $9.55 during the session, while it also had its lowest trading level at $9.105.
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 15.03 and its Current Ratio is at 15.03. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.05.
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 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 907100480 and an Enterprise Value of 372111456.
Stock Price History:
The Beta on a monthly basis for ETNB is 1.01, which has changed by -0.48085588 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, ETNB has reached a high of $18.93, while it has fallen to a 52-week low of $6.57. The 50-Day Moving Average of the stock is 8.94%, while the 200-Day Moving Average is calculated to be -5.16%.
Shares Statistics:
According to the various share statistics, ETNB traded on average about 984.26K shares per day over the past 3-months and 803920 shares per day over the past 10 days. A total of 93.27M shares are outstanding, with a floating share count of 91.87M. Insiders hold about 6.62% of the company’s shares, while institutions hold 101.25% stake in the company. Shares short for ETNB as of 1719532800 were 6424464 with a Short Ratio of 6.53, compared to 1717113600 on 10580569. Therefore, it implies a Short% of Shares Outstanding of 6424464 and a Short% of Float of 8.59.
