The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -26.50%.However, over the last six months, we can see a stronger performance of -7.55%. Over the last 30 days, the price of ETNB has leaped by -1.20%. And in the last five days, it has surged by 10.35%.
89bio Inc’s market performance has been stable in recent times. The company’s stock hit a 1-year high of $16.63 on 03/04/24 and a low of $6.57 for the same time frame on 10/23/23.
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52-week price history of ETNB Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. 89bio Inc’s current trading price is -50.63% away from its 52-week high, while its distance from the 52-week low is 24.87%. The stock’s price range during this period has varied between$6.57 and $16.63. The 89bio Inc’s shares, which operate in the Healthcare, saw a trading volume of around 0.52 million for the day, a figure considerably lower than their average daily volume of 0.59 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
89bio Inc (ETNB) has experienced a quarterly decline of -1.68% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 869.52M and boasts a workforce of 70 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 8.27, with a change in price of +0.07. Similarly, 89bio Inc recorded 804,187 in trading volume during the last 100 days, posting a change of +0.86%.
ETNB’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for ETNB stands at 0.05. Similarly, the long-term debt-to-equity ratio is also 0.04.
ETNB Stock Stochastic Average
As of today, 89bio Inc’s raw stochastic average for the last 50 days stands at 42.31%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 70.76%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 77.37% and 68.46%, respectively.
