89bio Inc (NASDAQ: ETNB) is -0.90% lower on its value in year-to-date trading and has touched a low of $4.16 and a high of $11.84 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ETNB stock was last observed hovering at around $8.61 in the last trading session, with the day’s loss setting it -0.86%.
Currently trading at $7.75, the stock is 15.43% and 2.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.73 million and changing -9.99% at the moment leaves the stock -5.97% off its SMA200. ETNB registered -12.53% loss for a year compared to 6-month loss of -0.39%.
The stock witnessed a 34.32% gain in the last 1 month and extending the period to 3 months gives it a -27.91%, and is 2.65% up 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 8.67% over the week and 10.59% over the month.
89bio Inc (ETNB) has around 93 employees, a market worth around $1.13B and $0.00M in sales. Distance from 52-week low is 86.30% and -34.54% from its 52-week high. The company has generated returns on investments over the last 12 months (-60.20%).
The EPS is expected to grow by 41.04% this year, but quarterly earnings will post 0.00% year-over-year. Quarterly sales are estimated to shrink 0.00% in year-over-year returns.
89bio Inc (ETNB) Top Institutional Holders
The shares outstanding are 145.98M, and float is at 140.34M with Short Float at 12.14%.
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 sale by Le-Nguyen Quoc. SEC filings show that Le-Nguyen Quoc sold 15,329 shares of the company’s common stock on Apr 15 ’25 at a price of $5.95 per share for a total of $91208.0. Following the sale, the insider now owns 0.33 million shares.
Still, SEC filings show that on Jan 30 ’25, RA CAPITAL MANAGEMENT, L.P. (Director) acquired 5,714,285 shares at an average price of $8.75 for $50.0 million. The insider now directly holds 19,554,319 shares of 89bio Inc (ETNB).
