An Evaluation Of 89bio Inc (NASDAQ: ETNB) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

Stocks Info

ETNB belongs to the Healthcare sector of the NASDAQ while operating in the Biotechnology industry. The current market capitalization of 89bio Inc is $938.31M. A total of 1.06 million shares were traded on the day, compared to an average of 790.49K shares.

In the most recent transaction, PALEKAR ROHAN bought 5,000 shares of ETNB for 7.89 per share on Dec 06 ’24. After the transaction, the Chief Executive Officer now owns 471,236 company shares. In a previous transaction on Dec 05 ’24, McWherter Charles bought 10,000 shares at 8.00 per share. ETNB shares that Director owns now total 10,000.

Among the insiders who bought shares, PALEKAR ROHAN acquired of 10,000 shares on Nov 22 ’24 at a per-share price of $8.35. This resulted in the Chief Executive Officer holding 466,236 shares of ETNB after the transaction. In another insider transaction, Le-Nguyen Quoc sold 27,955 shares at $8.12 per share on Oct 30 ’24. Company shares held by the insider now total 187,796.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, ETNB has a high of $16.63 and a low of $7.00.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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 $3.56, while its Total Shareholder’s Equity was $125.96M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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 4.56.

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