89bio Inc (NASDAQ: ETNB) kicked off on Tuesday, up 1.01% from the previous trading day, before settling in for the closing price of $7.90. Over the past 52 weeks, ETNB has traded in a range of $7.00-$16.63.
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While this was happening, its average annual earnings per share was recorded -58.84%. With a float of $112.92 million, this company’s outstanding shares have now reached $117.58 million.
Let’s look at the performance matrix of the company that is accounted for 70 employees. 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 Updates
Our next focus will be how large-scale investors are participating in this stock of the Biotechnology Industry. The insider ownership of 89bio Inc is 3.97%, while institutional ownership is 89.22%. The most recent insider transaction that took place on Dec 06 ’24, was worth 39,450. In this transaction Chief Executive Officer of this company bought 5,000 shares at a rate of $7.89, taking the stock ownership to the 471,236 shares. Before that another transaction happened on Dec 05 ’24, when Company’s Director bought 10,000 for $8.00, making the entire transaction worth $80,000. This insider now owns 10,000 shares in total.
89bio Inc (ETNB) Performance Highlights and Predictions
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
Take a look at 89bio Inc’s (ETNB) current performance indicators. Last quarter, stock had 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)
89bio Inc (NASDAQ: ETNB) saw its 5-day average volume 0.82 million, a negative change from its year-to-date volume of 0.95 million. As of the previous 9 days, the stock’s Stochastic %D was 31.27%. Additionally, its Average True Range was 0.51.
During the past 100 days, 89bio Inc’s (ETNB) raw stochastic average was set at 26.34%, which indicates a significant increase from 23.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.68% in the past 14 days, which was lower than the 61.73% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.41, while its 200-day Moving Average is $8.88. Nevertheless, the first resistance level for the watch stands at $8.10 in the near term. At $8.21, the stock is likely to face the second major resistance level. The third major resistance level sits at $8.34. If the price goes on to break the first support level at $7.86, it is likely to go to the next support level at $7.73. Assuming the price breaks the second support level, the third support level stands at $7.62.
89bio Inc (NASDAQ: ETNB) Key Stats
The company with the Market Capitalisation of 938.31 million has total of 106,126K Shares Outstanding. Its annual sales at the moment are 0 K in contrast with the sum of -142,190 K annual income. Company’s last quarter sales were recorded 0 K and last quarter income was -149,070 K.
