This Is Too Hot For 89bio Inc (NASDAQ: ETNB), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NASDAQ listed company, ETNB falls under the Healthcare sector while operating within the Biotechnology industry segment. The current market capitalization of 89bio Inc is $900.24M. A total of 0.53 million shares were traded on the day, compared to an average of 978.65K shares.

In the most recent transaction, PALEKAR ROHAN sold 52,718 shares of ETNB for 10.91 per share on Apr 01 ’24. After the transaction, the Chief Executive Officer now owns 459,171 company shares. In a previous transaction on Mar 04 ’24, RA CAPITAL MANAGEMENT, L.P. bought 1,350,000 shares at 15.35 per share. ETNB shares that Director owns now total 12,431,584.

Among the insiders who sold shares, PALEKAR ROHAN disposed of 4,477 shares on Feb 26 ’24 at a per-share price of $10.76. This resulted in the Chief Executive Officer holding 486,889 shares of ETNB after the transaction. In another insider transaction, PALEKAR ROHAN sold 50,000 shares at $11.20 per share on Dec 29 ’23. Company shares held by the Chief Executive Officer now total 301,225.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, ETNB has a high of $18.30 and a low of $6.57.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ETNB’s latest balance sheet shows that the firm has $150.72M in Cash & Short Term Investments as of fiscal 2021. There were $19.40M in debt and $19.54M in liabilities at the time. Its Book Value Per Share was $4.91, while its Total Shareholder’s Equity was $125.96M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ETNB is Buy with a score of 4.60.

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