89bio Inc (NASDAQ: ETNB) kicked off on Friday, up 10.71% from the previous trading day, before settling in for the closing price of $4.99. Over the past 52 weeks, ETNB has traded in a range of $4.16-$11.84.
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While this was happening, its average annual earnings per share was recorded 42.05%. With a float of $140.33 million, this company’s outstanding shares have now reached $145.98 million.
Let’s determine the extent of company efficiency that accounts for 93 employees. In terms of profitability, gross margin is 0.0%, operating margin of 0.0%, and the pretax margin is 0.0%.
89bio Inc (ETNB) Breakdown of a Key Holders of the stock
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 3.88%, while institutional ownership is 89.73%. The most recent insider transaction that took place on Jan 30 ’25, was worth 49,999,994. In this transaction Director of this company bought 5,714,285 shares at a rate of $8.75, taking the stock ownership to the 19,554,319 shares. Before that another transaction happened on Jan 22 ’25, when Company’s Director bought 10,000 for $6.71, making the entire transaction worth $67,100. This insider now owns 25,000 shares in total.
89bio Inc (ETNB) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 42.05% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 18.45% during the next five years compared to 32.21% growth 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 13.19.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.43, a number that is poised to hit -0.51 in the next quarter and is forecasted to reach -2.07 in one year’s time.
Technical Analysis of 89bio Inc (ETNB)
Looking closely at 89bio Inc (NASDAQ: ETNB), its last 5-days average volume was 2.74 million, which is a jump from its year-to-date volume of 2.47 million. As of the previous 9 days, the stock’s Stochastic %D was 31.68%. Additionally, its Average True Range was 0.83.
During the past 100 days, 89bio Inc’s (ETNB) raw stochastic average was set at 17.84%, which indicates a significant decrease from 26.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 152.92% in the past 14 days, which was higher than the 98.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.75, while its 200-day Moving Average is $8.33. However, in the short run, 89bio Inc’s stock first resistance to watch stands at $5.74. Second resistance stands at $5.96. The third major resistance level sits at $6.38. If the price goes on to break the first support level at $5.11, it is likely to go to the next support level at $4.69. Now, if the price goes above the second support level, the third support stands at $4.47.
89bio Inc (NASDAQ: ETNB) Key Stats
The company with the Market Capitalisation of 807.27 million has total of 145,984K Shares Outstanding. Its annual sales at the moment are 0 K in contrast with the sum of -367,080 K annual income. Company’s last quarter sales were recorded 0 K and last quarter income was -118,350 K.
