89bio Inc (NASDAQ: ETNB) is 4.60% higher on its value in year-to-date trading and has touched a low of $5.99 and a high of $13.71 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ETNB stock was last observed hovering at around $8.35 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $8.18, the stock is -12.05% and -6.83% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.37 million and changing -2.04% at the moment leaves the stock -3.00% off its SMA200. ETNB registered -36.54% loss for a year compared to 6-month gain of -1.80%. The firm has a 50-day simple moving average (SMA 50) of $8.7797 and a 200-day simple moving average (SMA200) of $8.43315.
The stock witnessed a -26.83% loss in the last 1 month and extending the period to 3 months gives it a 1.87%, and is -1.56% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.67% over the week and 6.84% over the month.
89bio Inc (ETNB) has around 93 employees, a market worth around $1.19B and $0.00M in sales. Distance from 52-week low is 36.66% and -40.34% from its 52-week high. The company has generated returns on investments over the last 12 months (-83.88%).
The EPS is expected to grow by 39.86% this year
227.0 institutions hold shares in 89bio Inc (ETNB), with institutional investors hold 94.91% of the company’s shares. The shares outstanding are 145.98M, and float is at 140.33M with Short Float at 6.88%. Institutions hold 93.96% of the Float.
The top institutional shareholder in the company is RA CAPITAL MANAGEMENT, L.P. with over 14.18 million shares valued at $113.54 million. The investor’s holdings represent 14.1994 of the ETNB Shares outstanding. As of 2024-06-30, the second largest holder is JANUS HENDERSON GROUP PLC with 13.28 million shares valued at $106.32 million to account for 13.2986 of the shares outstanding. The other top investors are SUVRETTA CAPITAL MANAGEMENT, LLC which holds 8.03 million shares representing 8.0454 and valued at over $64.34 million, while BVF INC/IL holds 7.5813 of the shares totaling 7.57 million with a market value of $60.62 million.
89bio Inc (ETNB) Insider Activity
The most recent transaction is an insider purchase by RA CAPITAL MANAGEMENT, L.P., the company’s Director. SEC filings show that RA CAPITAL MANAGEMENT, L.P. bought 5,714,285 shares of the company’s common stock on Jan 30 ’25 at a price of $8.75 per share for a total of $50.0 million. Following the purchase, the insider now owns 19.55 million shares.
89bio Inc disclosed in a document filed with the SEC on Jan 22 ’25 that McWherter Charles (Director) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Jan 22 ’25 and was made at $6.71 per share for $67100.0. Following the transaction, the insider now directly holds 25000.0 shares of the ETNB stock.
Still, SEC filings show that on Jan 21 ’25, McWherter Charles (Director) acquired 5,000 shares at an average price of $6.55 for $32750.0. The insider now directly holds 15,000 shares of 89bio Inc (ETNB).
