89bio Inc Stock Chance of Future Stock Price Finishing Under 3.91
| ETNB Stock | USD 8.30 0.43 4.93% |
Closest to current price 89bio long CALL Option Payoff at Expiration
89bio |
89bio Target Price Odds to finish below 3.91
The tendency of 89bio Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 3.91 or more in 90 days |
| 8.30 | 90 days | 3.91 | near 1 |
Based on a normal probability distribution, the odds of 89bio to drop to $ 3.91 or more in 90 days from now is near 1 (This 89bio Inc probability density function shows the probability of 89bio Stock to fall within a particular range of prices over 90 days) . Probability of 89bio Inc price to stay between $ 3.91 and its current price of $8.3 at the end of the 90-day period is about 48.94 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.69 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, 89bio will likely underperform. Additionally 89bio Inc has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. 89bio Price Density |
| Price |
Predictive Modules for 89bio
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 89bio Inc. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.89bio Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. 89bio is not an exception. The market had few large corrections towards the 89bio's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold 89bio Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of 89bio within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.33 | |
β | Beta against Dow Jones | 2.69 | |
σ | Overall volatility | 0.77 | |
Ir | Information ratio | -0.04 |
89bio Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of 89bio for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for 89bio Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| 89bio Inc had very high historical volatility over the last 90 days | |
| Net Loss for the year was (142.19 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| 89bio Inc currently holds about 193.34 M in cash with (129.19 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.16. | |
| 89bio Inc has a frail financial position based on the latest SEC disclosures | |
| Over 94.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from MacroaxisInsider: Disposition of 6124 shares by Ryan Martins of 89bio at 11.53 subject to Rule 16b-3 |
89bio Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of 89bio Stock often depends not only on the future outlook of the current and potential 89bio's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. 89bio's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 71.2 M | |
| Cash And Short Term Investments | 578.9 M |
89bio Technical Analysis
89bio's future price can be derived by breaking down and analyzing its technical indicators over time. 89bio Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of 89bio Inc. In general, you should focus on analyzing 89bio Stock price patterns and their correlations with different microeconomic environments and drivers.
89bio Predictive Forecast Models
89bio's time-series forecasting models is one of many 89bio's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary 89bio's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about 89bio Inc
Checking the ongoing alerts about 89bio for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for 89bio Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| 89bio Inc had very high historical volatility over the last 90 days | |
| Net Loss for the year was (142.19 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| 89bio Inc currently holds about 193.34 M in cash with (129.19 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.16. | |
| 89bio Inc has a frail financial position based on the latest SEC disclosures | |
| Over 94.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from MacroaxisInsider: Disposition of 6124 shares by Ryan Martins of 89bio at 11.53 subject to Rule 16b-3 |
Check out 89bio Backtesting, 89bio Valuation, 89bio Correlation, 89bio Hype Analysis, 89bio Volatility, 89bio History as well as 89bio Performance. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 89bio. If investors know 89bio will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 89bio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.96) | Return On Assets (0.41) | Return On Equity (0.73) |
The market value of 89bio Inc is measured differently than its book value, which is the value of 89bio that is recorded on the company's balance sheet. Investors also form their own opinion of 89bio's value that differs from its market value or its book value, called intrinsic value, which is 89bio's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 89bio's market value can be influenced by many factors that don't directly affect 89bio's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 89bio's value and its price as these two are different measures arrived at by different means. Investors typically determine if 89bio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 89bio's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.