Currently, there are 90.77M common shares owned by the public and among those 88.61M shares have been available to trade.
Insiders at the company have transacted a total of 56 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 22 of these insider trades were purchases, accounting for 2,934,315 shares. Insider sales of the common stock occurred on 34 occasions, with total insider shares sold totaling 173,530 shares.
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However, the script later moved the day high at 8.38, down -17.04%. The company’s stock has a 5-day price change of -20.22% and -3.33% over the past three months. ETNB shares are trading -27.22% year to date (YTD), with the 12-month market performance down to -38.60% lower. It has a 12-month low price of $6.57 and touched a high of $22.93 over the same period. ETNB has an average intraday trading volume of 1.28 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -24.49%, -20.92%, and -41.96% respectively.
Institutional ownership of 89bio Inc (NASDAQ: ETNB) shares accounts for 83.77% of the company’s 90.77M shares outstanding.
It has a market capitalization of $737.96M and a beta (3y monthly) value of 0.92. The earnings-per-share (ttm) stands at -$2.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.78% over the week and 5.99% over the month.
Analysts forecast that 89bio Inc (ETNB) will achieve an EPS of -$0.49 for the current quarter, -$0.53 for the next quarter and -$2.36 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.61 while analysts give the company a high EPS estimate of -$0.38. Comparatively, EPS for the current quarter was -$0.48 a year ago. Earnings per share for the fiscal year are expected to increase by 30.62%, and -13.99% over the next financial year. EPS should grow at an annualized rate of 11.00% over the next five years, compared to -25.73% over the past 5-year period.
Looking at the support for the ETNB, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Sector Perform rating for the stock in a research note on January 12, 2024, with the firm’s price target at $24-$15.
