As on Wednesday, 89bio Inc (NASDAQ: ETNB) got off with the flyer as it spiked 8.47% to $11.66, before settling in for the price of $10.75 at the close. Taking a more long-term approach, ETNB posted a 52-week range of $5.99-$16.63.
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The Healthcare sector firm’s twelve-monthly sales growth has been 0.00% for the last half of the decade. Meanwhile, its Annual Earning per share during the time was -11.24%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -59.99%. This publicly-traded company’s shares outstanding now amounts to $117.58 million, simultaneously with a float of $112.63 million. The organization now has a market capitalization sitting at $1.54 billion. At the time of writing, stock’s 50-day Moving Average stood at $8.05, while the 200-day Moving Average is $8.33.
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 4.21%, in contrast to 97.48% institutional ownership. According to the most recent insider trade that took place on Jan 30 ’25, this organization’s Director bought 5,714,285 shares at the rate of 8.75, making the entire transaction reach 49,999,994 in total value, affecting insider ownership by 19,554,319. Preceding that transaction, on Jan 22 ’25, Company’s Director bought 10,000 for 6.71, making the whole transaction’s value amount to 67,100. This particular insider is now the holder of 25,000 in total.
89bio Inc (ETNB) Earnings and Revenue Records
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.64 per share during the current fiscal year.
89bio Inc’s EPS decrease for this current 12-month fiscal period is -59.99% and is forecasted to reach -2.59 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will decrease by -10.60% 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 0.88.
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 -2.59 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 4.33 million was better the volume of 3.41 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 76.38% While, its Average True Range was 0.99.
Raw Stochastic average of 89bio Inc (ETNB) in the period of the previous 100 days is set at 96.93%, which indicates a major rise in contrast to 96.93% 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 110.73% that was higher than 79.45% volatility it exhibited in the past 100-days period.
