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After finishing at $8.12 in the prior trading day, 89bio Inc (NASDAQ: ETNB) closed at $7.81, down -3.82%. In other words, the price has decreased by -$3.82 from its previous closing price. On the day, 0.69 million shares were traded. ETNB stock price reached its highest trading level at $8.16 during the session, while it also had its lowest trading level at $7.7501.
Ratios:
Our goal is to gain a better understanding of ETNB by taking a closer look at its different 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 827157120 and an Enterprise Value of 323120032.
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 -4.05%, while the 200-Day Moving Average is calculated to be -15.57%.
Shares Statistics:
The stock has traded on average 561.69K shares per day over the past 3-months and 565730 shares per day over the last 10 days, according to various share statistics. 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 96.65% stake in the company. Shares short for ETNB as of 1727654400 were 6446223 with a Short Ratio of 11.48, compared to 1724976000 on 6844707. Therefore, it implies a Short% of Shares Outstanding of 6446223 and a Short% of Float of 7.829999999999999.
