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After finishing at $8.75 in the prior trading day, 89bio Inc (NASDAQ: ETNB) closed at $7.93, down -9.37%. In other words, the price has decreased by -$9.37 from its previous closing price. On the day, 1.43 million shares were traded. ETNB stock price reached its highest trading level at $8.85 during the session, while it also had its lowest trading level at $7.85.
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 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:
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 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 932425216 and an Enterprise Value of 455375872.
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 $7.00. The 50-Day Moving Average of the stock is -3.16%, while the 200-Day Moving Average is calculated to be -12.72%.
Shares Statistics:
The stock has traded on average 640.22K shares per day over the past 3-months and 1254510 shares per day over the last 10 days, according to various share statistics. A total of 106.13M shares are outstanding, with a floating share count of 101.48M. Insiders hold about 5.13% of the company’s shares, while institutions hold 98.84% stake in the company. Shares short for ETNB as of 1730332800 were 5382069 with a Short Ratio of 8.41, compared to 1727654400 on 6446223. Therefore, it implies a Short% of Shares Outstanding of 5382069 and a Short% of Float of 6.52.
