On Monday, 89bio Inc (NASDAQ: ETNB) was 5.01% up from the session before settling in for the closing price of $8.99. A 52-week range for ETNB has been $7.00 – $16.63.
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When this article was written, the company’s average yearly earnings per share was at -58.84%. With a float of $112.42 million, this company’s outstanding shares have now reached $117.58 million.
The firm has a total of 70 workers. Let’s measure their productivity. In terms of profitability, gross margin is 84.19%, operating margin of -129853.42%, and the pretax margin is -121648.72%.
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 4.39%, while institutional ownership is 89.21%. The most recent insider transaction that took place on Nov 22 ’24, was worth 83,500. In this transaction Chief Executive Officer of this company bought 10,000 shares at a rate of $8.35, taking the stock ownership to the 466,236 shares. Before that another transaction happened on Oct 30 ’24, when Company’s insider sold 27,955 for $8.12, making the entire transaction worth $226,995. This insider now owns 187,796 shares in total.
89bio Inc (ETNB) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted -0.5 earnings per share (EPS) during the time that was less than consensus figure (set at -0.46) by -0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.67 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -58.84% 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 11.65.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.91, a number that is poised to hit -0.75 in the next quarter and is forecasted to reach -2.93 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 0.54 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 79.69%. Additionally, its Average True Range was 0.61.
During the past 100 days, 89bio Inc’s (ETNB) raw stochastic average was set at 65.59%, which indicates a significant decrease from 75.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 72.54% in the past 14 days, which was higher than the 62.44% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.26, while its 200-day Moving Average is $9.06. Now, the first resistance to watch is $9.80. This is followed by the second major resistance level at $10.16. The third major resistance level sits at $10.61. If the price goes on to break the first support level at $8.99, it is likely to go to the next support level at $8.54. Should the price break the second support level, the third support level stands at $8.18.
89bio Inc (NASDAQ: ETNB) Key Stats
There are 106,126K outstanding shares of the company, which has a market capitalization of 1.09 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 -149,070 K.
