With 0.85 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.05 million shares. The 52-week range on ETNB shows that it touched its highest point at $16.63 and its lowest point at $5.99 during that stretch. It currently has a 1-year price target of $30.67. Beta for the stock currently stands at 1.34.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ETNB was up-trending over the past week, with a rise of 3.17%, but this was up by 63.85% over a month. Three-month performance surged to 38.68% while six-month performance rose 26.98%. The stock gained 11.83% in the past year, while it has gained 41.43% so far this year. A look at the trailing 12-month EPS for ETNB yields -2.91 with Next year EPS estimates of -2.59. For the next quarter, that number is -0.75. This implies an EPS growth rate of -59.99% for this year and 18.96% for next year. EPS is expected to decline by -10.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -11.24%.
Float and Shares Shorts:
At present, 145.75 million ETNB shares are outstanding with a float of 138.72 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ETNB since 8 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$2.97903 being high and -$3.51064 being low. For ETNB, this leads to a yearly average estimate of -$3.1997. Based on analyst estimates, the high estimate for the next quarter is -$0.54 and the low estimate is -$0.77. The average estimate for the next quarter is thus -$0.64.
