89bio Inc (ETNB): A Case For Going Higher

After Hours

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.

Stocks Info

This NASDAQ-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. The current market capitalization of 89bio Inc is $1.52B. A total of 3.93 million shares were traded on the day, compared to an average of 2.10M shares.

In the most recent transaction, Le-Nguyen Quoc sold 15,329 shares of ETNB for 5.95 per share on Apr 15 ’25. After the transaction, the insider now owns 328,323 company shares. In a previous transaction on Apr 15 ’25, QUOC LE-NGUYEN bought 15,329 shares at 5.95 per share.

Among the insiders who bought shares, RA CAPITAL MANAGEMENT, L.P. acquired of 5,714,285 shares on Jan 30 ’25 at a per-share price of $8.75. This resulted in the Director holding 19,554,319 shares of ETNB after the transaction. In another insider transaction, McWherter Charles bought 10,000 shares at $6.71 per share on Jan 22 ’25. Company shares held by the Director now total 25,000.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, ETNB has a high of $11.84 and a low of $4.16.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 $4.15, 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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