A share price of 89bio Inc [ETNB] is currently trading at $9.24, down -4.35%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ETNB shares have gain 10.66% over the last week, with a monthly amount glided 26.40%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, RBC Capital Mkts downgraded its rating to Sector Perform on January 12, 2024, and dropped its price target to $15. On October 10, 2023, downgrade downgraded it’s rating to Perform. UBS started tracking the stock assigning a Buy rating and suggested a price target of $36 on August 28, 2023. Evercore ISI initiated its recommendation with a Outperform and recommended $49 as its price target on June 13, 2023. Raymond James upgraded its rating to Strong Buy for this stock on May 12, 2022, and downed its price target to $12. In a note dated December 20, 2021, H.C. Wainwright initiated an Buy rating and provided a target price of $46 on this stock.
89bio Inc experienced fluctuations in its stock price throughout the past year between $6.57 and $18.30. Currently, Wall Street analysts expect the stock to reach $27 within the next 12 months. 89bio Inc [NASDAQ: ETNB] shares were valued at $9.24 at the most recent close of the market. An investor can expect a potential return of 192.21% based on the average ETNB price forecast.
Analyzing the ETNB fundamentals
Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at -769.05%, Pretax Profit Margin comes in at -688.33%, and Net Profit Margin reading is -705.27%. To continue investigating profitability, this company’s Return on Assets is posted at -0.29, Equity is -0.35 and Total Capital is -0.33. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.00 points at the first support level, and at 8.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.66, and for the 2nd resistance point, it is at 10.09.
Ratios To Look Out For
To put it in perspective, the Current Ratio for 89bio Inc [NASDAQ:ETNB] is 15.03. Further, the Quick Ratio stands at 15.03, while the Cash Ratio is 5.69.
Transactions by insiders
Recent insider trading involved PALEKAR ROHAN, Chief Executive Officer, that happened on Apr 01 ’24 when 52718.0 shares were sold. Director, RA CAPITAL MANAGEMENT, L.P. completed a deal on Mar 04 ’24 to buy 1.35 million shares. Meanwhile, Chief Executive Officer PALEKAR ROHAN sold 4477.0 shares on Feb 26 ’24.
