On Monday, 89bio Inc (NASDAQ: ETNB) was -6.35% drop from the session before settling in for the closing price of $8.19. A 52-week range for ETNB has been $6.57 – $16.63.
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When this article was written, the company’s average yearly earnings per share was at -11.14%. With a float of $99.24 million, this company’s outstanding shares have now reached $105.91 million.
The extent of productivity of a business whose workforce counts for 70 workers is very important to gauge.
89bio Inc (ETNB) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward 89bio Inc stocks. The insider ownership of 89bio Inc is 6.30%, while institutional ownership is 96.51%. The most recent insider transaction that took place on Apr 01 ’24, was worth 575,153. In this transaction Chief Executive Officer of this company sold 52,718 shares at a rate of $10.91, taking the stock ownership to the 459,171 shares. Before that another transaction happened on Mar 04 ’24, when Company’s Director bought 1,350,000 for $15.35, making the entire transaction worth $20,722,500. This insider now owns 12,431,584 shares in total.
89bio Inc (ETNB) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted -0.45 earnings per share (EPS) during the time that was better than consensus figure (set at -0.53) by 0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.59 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -11.14% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.00% during the next five years compared to -11.24% drop over the previous five years of trading.
89bio Inc (NASDAQ: ETNB) Trading Performance Indicators
You can see what 89bio Inc (ETNB) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 13.92.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.97, a number that is poised to hit -0.62 in the next quarter and is forecasted to reach -2.53 in one year’s time.
Technical Analysis of 89bio Inc (ETNB)
The latest stats from [89bio Inc, ETNB] show that its last 5-days average volume of 0.62 million was inferior to 0.99 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 22.76%. Additionally, its Average True Range was 0.50.
During the past 100 days, 89bio Inc’s (ETNB) raw stochastic average was set at 22.41%, which indicates a significant increase from 4.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.89% in the past 14 days, which was lower than the 60.51% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.57, while its 200-day Moving Average is $9.59. Now, the first resistance to watch is $8.08. This is followed by the second major resistance level at $8.50. The third major resistance level sits at $8.73. If the price goes on to break the first support level at $7.43, it is likely to go to the next support level at $7.20. The third support level lies at $6.78 if the price breaches the second support level.
89bio Inc (NASDAQ: ETNB) Key Stats
There are 98,384K outstanding shares of the company, which has a market capitalization of 812.33 million. As of now, sales total 0 K while income totals -142,190 K. Its latest quarter income was 0 K while its last quarter net income were -47,970 K.
