On Friday, 89bio Inc (NASDAQ: ETNB) was 17.48% up from the session before settling in for the closing price of $7.78. A 52-week range for ETNB has been $6.88 – $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 $100.45 million, this company’s outstanding shares have now reached $105.91 million.
The firm has a total of 70 workers. Let’s measure their productivity. In terms of profitability, gross margin is 79.91%, operating margin of -81736.75%, and the pretax margin is -72869.23%.
89bio Inc (ETNB) Insider Activity
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 96.76%. The most recent insider transaction that took place on Oct 30 ’24, was worth 226,995. In this transaction an insider of this company sold 27,955 shares at a rate of $8.12, taking the stock ownership to the 187,796 shares. Before that another transaction happened on Oct 30 ’24, when Company’s Officer proposed sale 27,955 for $8.12, making the entire transaction worth $226,972.
89bio Inc (ETNB) Earnings and Forecasts
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)
Analysing the last 5-days average volume posted by the [89bio Inc, ETNB], we can find that recorded value of 0.71 million was lower than the volume posted last year of 0.94 million. As of the previous 9 days, the stock’s Stochastic %D was 40.41%. Additionally, its Average True Range was 0.49.
During the past 100 days, 89bio Inc’s (ETNB) raw stochastic average was set at 71.57%, which indicates a significant decrease from 80.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 80.98% in the past 14 days, which was higher than the 63.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.11, while its 200-day Moving Average is $9.14. Now, the first resistance to watch is $9.87. This is followed by the second major resistance level at $10.60. The third major resistance level sits at $11.70. If the price goes on to break the first support level at $8.04, it is likely to go to the next support level at $6.94. Should the price break the second support level, the third support level stands at $6.21.
89bio Inc (NASDAQ: ETNB) Key Stats
There are 98,384K outstanding shares of the company, which has a market capitalization of 1.14 billion. 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.
