89bio Inc [NASDAQ: ETNB] loss -1.08% or -0.11 points to close at $10.06 with a heavy trading volume of 2867211 shares.
The daily chart for ETNB points out that the company has recorded 11.90% gains over the past six months.
If we look at the average trading volume of 2.02M shares, ETNB reached to a volume of 2867211 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 89bio Inc [ETNB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ETNB shares is $29.45 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ETNB stock is a recommendation set at 1.36. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for 89bio Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 14, 2025. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on March 13, 2025, representing the official price target for 89bio Inc stock.
The Average True Range (ATR) for 89bio Inc is set at 0.68 The Price to Book ratio for the last quarter was 2.43, with the Price to Cash per share for the same quarter was set at 4.38.
Trading performance analysis for ETNB stock
89bio Inc [ETNB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.99. With this latest performance, ETNB shares gained by 16.84% in over the last four-week period, additionally plugging by 11.90% over the last 6 months – not to mention a rise of 27.34% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ETNB stock in for the last two-week period is set at 66.92, with the RSI for the last a single of trading hit 70.62, and the three-weeks RSI is set at 63.11 for 89bio Inc [ETNB]. The present Moving Average for the last 50 days of trading for this stock 7.67, while it was recorded at 10.00 for the last single week of trading, and 8.27 for the last 200 days.
89bio Inc [ETNB]: A deeper dive into fundamental analysis
89bio Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 18.03 and a Current Ratio set at 18.03.
89bio Inc [ETNB]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ETNB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for 89bio Inc go to 16.04%.
An analysis of Institutional ownership at 89bio Inc [ETNB]
The top three institutional holders of ETNB stocks are: RA CAPITAL MANAGEMENT, L.P. with ownership of 14.18 million shares, which is approximately 14.1994%. JANUS HENDERSON GROUP PLC, holding 13.28 million shares of the stock with an approximate value of $$106.32 million in ETNB stocks shares; and JANUS HENDERSON GROUP PLC, currently with $$64.34 million in ETNB stock with ownership which is approximately 8.0454%.
