How to Buy 89bio Stock
89bio Inc
89bio, Inc. , a clinical-stage biopharmaceutical company, focuses on the development and commercialization of therapies for the treatment of liver and cardio-metabolic diseases.
89bio stock last closed at $8.25, down 3.85% from the previous day, and has decreased 46.6% in one year. It has underperformed other stocks in the Biotechnology industry by 0.23 percentage points. 89bio stock is currently +25.48% from its 52-week low of $6.58, and -64.02% from its 52-week high of $22.93.
There are currently 93.5M ETNB shares outstanding. The market value of ETNB is $771.38M. In the last 24 hours, 1.01M ETNB shares were traded.
How to Buy 89bio Stock
Not sure how to invest in 89bio stock? Here's how.
- Figure out where to buy 89bio stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you determine where to buy 89bio stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Choose your method of payment and add your info.
- Research 89bio stock: The 89bio ticker symbol is ETNB. Is 89bio stock a good investment? Should you buy shares of ETNB? How do ETNB's underlying business fundamentals look? Do top analysts think 89bio is a good buy? Why has ETNB's stock price moved recently? (Hint: Our stock market analysis website can help you decide if ETNB is a good stock to buy).
- Execute your ETNB trade: Decide if you will purchase ETNB shares at the current market price or use a limit order to purchase ETNB stock at a specific price.
- Get the latest scoop on your investment in ETNB: Create a watchlist to important notifications about your investment in 89bio stock.
Step 1: Figure out where to buy 89bio stock
You need an online brokerage account to access the NASDAQ market and buy ETNB stock.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Open your brokerage account
Now that you've picked the right brokerage, you'll need to fill out some personal information so you can buy ETNB stock today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to start a new trading account.
- Send your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've finished signing up on one of the most highly reviewed stock market apps, you can securely and quickly fund your account:
Check out the tutorial below to see the process of depositing funds into your new investment account.
Step 4: Research 89bio stock
After you have chosen the best place to buy 89bio stock, it's very important to research their stock before you invest, so you can wrap your head around the risk and opportunity.
Overview of key ETNB info
89bio Overview
WallStreetZen was built to help average investors perform more in-depth fundamental analysis.
You can see all of the due diligence checks on ETNB's stock page.
Is ETNB stock undervalued or overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge ETNB's intrinsic value.
Using relative valuations measures:
- ETNB may be undervalued based on its P/B ratio of 1.44x, relative to Biotechnology industry P/B ratio of 5.8x
You can access more valuation analysis on ETNB's stock here.
ETNB Financials at a glance
Pros:
- ETNB has cash burn of 129190000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the ETNB balance sheet.
- There are more short-term assets than long-term liabilities on the ETNB balance sheet.
- ETNB has a low debt to equity ratio of 0.11.
- Total ETNB debt is lower than 5 years ago, relative to shareholder equity.
- ETNB has $578.87M in cash and short term investments. This is sufficient to cover its annual cash burn of $129.19M.
Is ETNB stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 5 sell side analysts who research ETNB, the consensus analyst rating on 89bio is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are projecting on the 89bio stock forecast page.
ETNB Technical Indicators
Are ETNB insiders buying or selling the stock?
In the last 12 months, executives and large shareholders at ETNB have bought more shares than they have sold.
Ra Capital Management LP, Director of ETNB, was the latest ETNB insider to buy. They bought $7,499,996.25 worth of ETNB shares on Apr 11, 2024.
Get more info about who owns ETNB stock here.
Does ETNB stock generate passive income?
No, 89bio doesn't provide an income stream by paying out dividends.
ETNB Social Trading Data
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Execute your ETNB trade
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount limit, use a limit order.
Click the Open button and your broker will place the order.
If you require more help with buying stocks on eToro, click the helpful video below:
Step 6: Get the latest scoop on your investment in ETNB
Now that you own some ETNB stock, you'll want to keep up with your new investment.
Start a watchlist to get the latest updates about your ETNB stock.
ETNB Feed
How to Buy Stock in 89bio
To reiterate, here are the 6 steps you need to take to buy 89bio stock right now:
- Figure out where to buy 89bio stock
- Open your brokerage account
- Fund your brokerage account
- Research 89bio stock
- Execute your ETNB trade
- Get the latest scoop on your investment in ETNB
If you require a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep tabs on your investment in 89bio, hit the button below to create your watchlist.
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