In the last trading session, 1.98 million 89bio Inc (NASDAQ:ETNB) shares changed hands as the company’s beta touched 1.33. With the company’s per share price at $9.22 changed hands at -$0.91 or -8.98% during last session, the market valuation stood at $1.34B. ETNB’s last price was a discount, traded about -80.37% off its 52-week high of $16.63. The share price had its 52-week low at $5.99, which suggests the last value was 35.03% up since then.
Analysts gave the 89bio Inc (ETNB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.22. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 0 recommended ETNB as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. 89bio Inc’s EPS for the current quarter is expected to be -0.76.
89bio Inc (NASDAQ:ETNB) trade information
Instantly ETNB was in red as seen at the end of in last trading. With action -15.57%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 17.90%, with the 5-day performance at -15.57% in the red. However, in the 30-day time frame, 89bio Inc (NASDAQ:ETNB) is 29.31% up.
The consensus price target for the stock as assigned by Wall Street analysts is 25, meaning bulls need an upside of 63.12% from its current market value. According to analyst projections, ETNB’s forecast low is 12 with 29 as the target high. To hit the forecast high, the stock’s price needs a -214.53% plunge from its current level, while the stock would need to soar -30.15% for it to hit the projected low.
According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.00%. The estimates for the next quarter sales put growth at 0.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -11.24%. The 2025 estimates are for 89bio Inc earnings to decrease by -59.99%, but the outlook for the next 5-year period is at -10.60% per year.
ETNB Dividends
89bio Inc is expected to release its next quarterly earnings report in March.
JANUS HENDERSON GROUP PLC holds the second largest percentage of outstanding shares, with 13.2986% or 13.28 million shares worth $106.32 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Janus Henderson Global Life Sciences Fund and Vanguard Total Stock Market Index Fund . With 2.97 shares estimated at $27.34 million under it, the former controlled 2.79% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.49% of the shares, roughly 2.65 shares worth around $24.4 million.
