As on Wednesday, 89bio Inc (NASDAQ: ETNB) started slowly as it slid -1.49% to $8.91, before settling in for the price of $9.05 at the close. Taking a more long-term approach, ETNB posted a 52-week range of $6.88-$16.63.
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The Healthcare Sector giants’ yearly sales growth during the last 5-year period was 0.00%. Meanwhile, its Annual Earning per share during the time was -11.24%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -58.84%. This publicly-traded company’s shares outstanding now amounts to $106.13 million, simultaneously with a float of $100.68 million. The organization now has a market capitalization sitting at $946.11 million. At the time of writing, stock’s 50-day Moving Average stood at $8.20, while the 200-day Moving Average is $9.10.
89bio Inc (ETNB) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Biotechnology industry. 89bio Inc’s current insider ownership accounts for 5.13%, in contrast to 96.64% institutional ownership. According to the most recent insider trade that took place on Oct 30 ’24, this organization’s insider sold 27,955 shares at the rate of 8.12, making the entire transaction reach 226,995 in total value, affecting insider ownership by 187,796.
89bio Inc (ETNB) Earnings and Revenue Records
89bio Inc’s EPS decrease for this current 12-month fiscal period is -58.84% and is forecasted to reach -2.93 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 11.00% through the next 5 years, which can be compared against the -11.24% growth it accomplished over the previous five years trading on the market.
89bio Inc (NASDAQ: ETNB) Trading Performance Indicators
Let’s observe the current performance indicators for 89bio Inc (ETNB). It’s Quick Ratio in the last reported quarter now stands at 11.65. The Stock has managed to achieve an average true range (ATR) of 0.70.
In the same vein, ETNB’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -2.91, a figure that is expected to reach -0.75 in the next quarter, and analysts are predicting that it will be -2.93 at the market close of one year from today.
Technical Analysis of 89bio Inc (ETNB)
Through scrutinizing the latest numbers posted by the [89bio Inc, ETNB], it can be observed that its last 5-days Average volume of 1.17 million was better the volume of 0.95 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 54.70% While, its Average True Range was 0.80.
Raw Stochastic average of 89bio Inc (ETNB) in the period of the previous 100 days is set at 51.48%, which indicates a major rise in contrast to 40.82% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 96.51% that was higher than 63.77% volatility it exhibited in the past 100-days period.
