While 89bio Inc has underperformed by -1.40%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ETNB rose by 19.44%, with highs and lows ranging from $16.63 to $5.99, whereas the simple moving average jumped by 25.64% in the last 200 days.
On February 04, 2025, Wolfe Research started tracking 89bio Inc (NASDAQ: ETNB) recommending Outperform. RBC Capital Mkts also Downgraded ETNB shares as ‘Sector Perform’, setting a target price of $15 on the company’s shares in a report dated January 12, 2024. UBS initiated its ‘Buy’ rating for ETNB, as published in its report on August 28, 2023. Evercore ISI’s report from June 13, 2023 suggests a price prediction of $49 for ETNB shares, giving the stock a ‘Outperform’ rating. Raymond James also rated the stock as ‘Strong Buy’.
Analysis of 89bio Inc (ETNB)
89bio Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -73.31% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 11.65, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and ETNB has an average volume of 2.04M. On a monthly basis, the volatility of the stock is set at 8.82%, whereas on a weekly basis, it is put at 5.81%, with a loss of -7.36% over the past seven days. Furthermore, long-term investors anticipate a median target price of $30.67, showing growth from the present price of $10.57, which can serve as yet another indication of whether ETNB is worth investing in or should be passed over.
How Do You Analyze 89bio Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.80%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 89.98% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ETNB shares are owned by institutional investors to the tune of 89.98% at present.
