89bio Inc Stock Price on March 15, 2024
| ETNB Stock | USD 8.99 0.15 1.64% |
Below is the normalized historical share price chart for 89bio Inc extending back to November 11, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of 89bio stands at 8.99, as last reported on the 29th of November, with the highest price reaching 9.20 and the lowest price hitting 8.93 during the day.
If you're considering investing in 89bio Stock, it is important to understand the factors that can impact its price. At this point, 89bio is somewhat reliable. 89bio Inc secures Sharpe Ratio (or Efficiency) of 0.0278, which signifies that the company had a 0.0278% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for 89bio Inc, which you can use to evaluate the volatility of the entity. Please confirm 89bio's Mean Deviation of 2.69, market risk adjusted performance of 0.0346, and Coefficient Of Variation of 5164.52 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%.
At present, 89bio's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock Total Equity is expected to grow to about 61.6 K, whereas Sale Purchase Of Stock is forecasted to decline to about 254.6 K. . The current year's Price Earnings To Growth Ratio is expected to grow to 0.18, whereas Price Earnings Ratio is forecasted to decline to (5.87). 89bio Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 11th of November 2019 | 200 Day MA 9.0691 | 50 Day MA 8.2239 | Beta 0.978 |
89bio |
Sharpe Ratio = 0.0278
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Estimated Market Risk
| 3.95 actual daily | 35 65% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average 89bio is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of 89bio by adding it to a well-diversified portfolio.
Price Book 2.8424 | Book Value 3.563 | Enterprise Value 688.5 M | Enterprise Value Ebitda (2.75) | Shares Float 68.2 M |
89bio Valuation on March 15, 2024
It is possible to determine the worth of 89bio on a given historical date. On March 15, 2024 89bio was worth 12.76 at the beginning of the trading date compared to the closed value of 13.52. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of 89bio stock. Still, in general, we apply an absolute valuation method to find 89bio's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of 89bio where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against 89bio's related companies.
| Open | High | Low | Close | Volume | |
| 13.27 | 13.33 | 11.86 | 12.61 | 1,827,387 | |
03/15/2024 | 12.76 | 13.55 | 12.67 | 13.52 | 4,644,165 |
| 13.55 | 13.71 | 12.57 | 12.60 | 1,600,716 |
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89bio Trading Date Momentum on March 15, 2024
| On March 18 2024 89bio Inc was traded for 12.60 at the closing time. The top price for the day was 13.71 and the lowest listed price was 12.57 . The trading volume for the day was 1.6 M. The trading history from March 18, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 6.80% . The daily price change against the current closing price is 15.09% . |
89bio Inc Fundamentals Correlations and Trends
By evaluating 89bio's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among 89bio's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. 89bio financial account trend analysis is a perfect complement when working with valuation or volatility modules.About 89bio Stock history
89bio investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for 89bio is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in 89bio Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing 89bio stock prices may prove useful in developing a viable investing in 89bio
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 71.2 M | 74.7 M | |
| Net Loss | -91.8 M | -96.4 M |
89bio Quarterly Net Working Capital |
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89bio Stock Technical Analysis
89bio technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
89bio Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
89bio Inc cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
89bio November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how 89bio stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 89bio shares will generate the highest return on investment. By undertsting and applying 89bio stock market strength indicators, traders can identify 89bio Inc entry and exit signals to maximize returns
89bio Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for 89bio's price direction in advance. Along with the technical and fundamental analysis of 89bio Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of 89bio to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0229 | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.54) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0246 |
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Complementary Tools for 89bio Stock analysis
When running 89bio's price analysis, check to measure 89bio's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 89bio is operating at the current time. Most of 89bio's value examination focuses on studying past and present price action to predict the probability of 89bio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 89bio's price. Additionally, you may evaluate how the addition of 89bio to your portfolios can decrease your overall portfolio volatility.
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