There Is Still Room For 89bio Inc (ETNB) to Improve Its Value – Let’s Wait for Clarity

The price of 89bio Inc (NASDAQ: ETNB) closed at $6.84 in the last session, down -0.29% from day before closing price of $6.86. In other words, the price has decreased by $-0.02 from its previous closing price. On the day, 1674212 shares were traded. ETNB stock price reached its highest trading level at $7.11 during the session, while it also had its lowest trading level at $6.69.

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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 18.96 and its Current Ratio is at 18.96. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.06.

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 Jul 17 when LAPORTE KATHLEEN sold 12,500 shares for $18.80 per share. The transaction valued at 235,000 led to the insider holds 0 shares of the business.

PALEKAR ROHAN sold 15,000 shares of ETNB for $300,000 on Jun 05. The Chief Executive Officer now owns 286,978 shares after completing the transaction at $20.00 per share. On Jun 01, another insider, Atkinson Edward Morrow III, who serves as the Director of the company, sold 6,250 shares for $17.91 each. As a result, the insider received 111,938 and left with 0 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 516.29M and an Enterprise Value of 63.05M.

Stock Price History:

Over the past 52 weeks, ETNB has reached a high of $22.93, while it has fallen to a 52-week low of $6.63. The 50-Day Moving Average of the stock is 14.76, while the 200-Day Moving Average is calculated to be 15.45.

Shares Statistics:

According to the various share statistics, ETNB traded on average about 1.39M shares per day over the past 3-months and 3.62M shares per day over the past 10 days. A total of 75.48M shares are outstanding, with a floating share count of 71.30M. Insiders hold about 5.53% of the company’s shares, while institutions hold 100.69% stake in the company. Shares short for ETNB as of Sep 28, 2023 were 6.33M with a Short Ratio of 6.33M, compared to 6.29M on Aug 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 8.38% and a Short% of Float of 9.93%.

Earnings Estimates

The company has 8 analysts who recommend its stock at the moment. On average, analysts expect EPS of $-0.53 for the current quarter, with a high estimate of $-0.42 and a low estimate of $-0.61, while EPS last year was $-0.57. The consensus estimate for the next quarter is $-0.54, with high estimates of $-0.44 and low estimates of $-0.66.

Analysts are recommending an EPS of between $-1.89 and $-2.55 for the fiscal current year, implying an average EPS of $-2.17. EPS for the following year is $-2.52, with 9 analysts recommending between $-1.81 and $-3.4.

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