Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The price of 89bio Inc (NASDAQ: ETNB) closed at $7.82 in the last session, down -1.76% from day before closing price of $7.96. In other words, the price has decreased by -$1.76 from its previous closing price. On the day, 0.55 million shares were traded. ETNB stock price reached its highest trading level at $8.0 during the session, while it also had its lowest trading level at $7.75.
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.
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 Dec 06 ’24 when PALEKAR ROHAN bought 5,000 shares for $7.89 per share. The transaction valued at 39,450 led to the insider holds 471,236 shares of the business.
McWherter Charles bought 10,000 shares of ETNB for $80,000 on Dec 05 ’24. The Director now owns 10,000 shares after completing the transaction at $8.00 per share. On Nov 22 ’24, another insider, PALEKAR ROHAN, who serves as the Chief Executive Officer of the company, bought 10,000 shares for $8.35 each. As a result, the insider paid 83,500 and bolstered with 466,236 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 919491264 and an Enterprise Value of 443701952.
Stock Price History:
The Beta on a monthly basis for ETNB is 1.05, which has changed by -0.32081914 over the last 52 weeks, in comparison to a change of 0.24933672 over the same period for the S&P500. Over the past 52 weeks, ETNB has reached a high of $16.63, while it has fallen to a 52-week low of $6.43. The 50-Day Moving Average of the stock is -6.75%, while the 200-Day Moving Average is calculated to be -9.06%.
Shares Statistics:
According to the various share statistics, ETNB traded on average about 942.47K shares per day over the past 3-months and 1535350 shares per day over the past 10 days. A total of 117.58M shares are outstanding, with a floating share count of 112.63M. Insiders hold about 4.21% of the company’s shares, while institutions hold 92.41% stake in the company. Shares short for ETNB as of 1734048000 were 6936549 with a Short Ratio of 7.36, compared to 1731628800 on 5517407. Therefore, it implies a Short% of Shares Outstanding of 6936549 and a Short% of Float of 7.380000000000001.
