In the last trading session, 2.73 million shares of the 89bio Inc (NASDAQ:ETNB) were traded, and its beta was 1.47. Most recently the company’s share price was $7.75, and it changed around -$0.86 or -9.99% from the last close, which brings the market valuation of the company to $1.13B. ETNB currently trades at a discount to its 52-week high of $11.84, offering almost -52.77% off that amount. The share price’s 52-week low was $4.16, which indicates that the current value has risen by an impressive 46.32% since then.
89bio Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.36. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended ETNB as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight.
89bio Inc (NASDAQ:ETNB) trade information
Instantly ETNB has showed a red trend with a performance of -9.99% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 8.92 on recent trading dayincreased the stock’s daily price by 13.12%. The company’s shares are currently down -0.90% year-to-date, but still up 2.65% over the last five days. On the other hand, 89bio Inc (NASDAQ:ETNB) is 34.32% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $25, which translates to bulls needing to increase their stock price by 69.0% from its current value. Analyst projections state that ETNB is forecast to be at a low of $12 and a high of $29.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 32.21%. 89bio Inc earnings are expected to increase by 41.04% in 2025, but the outlook is positive 16.04% per year for the next five years.
ETNB Dividends
89bio Inc’s next quarterly earnings report is expected to be released in June.
JANUS HENDERSON GROUP PLC, with 13.2986% or 13.28 million shares worth $106.32 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and JANUS INVESTMENT FUND-Janus Henderson Global Life Sciences Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 3.08 shares worth $23.87 million, making up 2.11% of all outstanding shares. On the other hand, JANUS INVESTMENT FUND-Janus Henderson Global Life Sciences Fund held roughly 2.97 shares worth around $23.0 million, which represents about 2.03% of the total shares outstanding.
