As on Wednesday, 89bio Inc (NASDAQ: ETNB) started slowly as it slid -2.64% to $5.89, before settling in for the price of $6.05 at the close. Taking a more long-term approach, ETNB posted a 52-week range of $4.16-$11.84.
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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 32.21%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 42.05%. This publicly-traded company’s shares outstanding now amounts to $145.98 million, simultaneously with a float of $140.33 million. The organization now has a market capitalization sitting at $859.84 million. At the time of writing, stock’s 50-day Moving Average stood at $8.52, while the 200-day Moving Average is $8.30.
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 3.88%, in contrast to 89.89% institutional ownership. Preceding that transaction, on Jan 30 ’25, Company’s Director bought 5,714,285 for 8.75, making the whole transaction’s value amount to 49,999,994. This particular insider is now the holder of 19,554,319 in total.
89bio Inc (ETNB) Earnings and Revenue Records
89bio Inc’s EPS increase for this current 12-month fiscal period is 42.05% and is forecasted to reach -2.07 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 18.45% through the next 5 years, which can be compared against the 32.21% 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 13.19. The Stock has managed to achieve an average true range (ATR) of 0.75.
In the same vein, ETNB’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -3.43, a figure that is expected to reach -0.51 in the next quarter, and analysts are predicting that it will be -2.07 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 1.62 million was lower the volume of 2.43 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 63.19% While, its Average True Range was 0.74.
Raw Stochastic average of 89bio Inc (ETNB) in the period of the previous 100 days is set at 22.53%, which indicates a major fall in contrast to 36.19% 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 142.10% that was higher than 98.43% volatility it exhibited in the past 100-days period.
