With 1.67 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.2 million shares. The 52-week range on ETNB shows that it touched its highest point at $13.71 and its lowest point at $5.99 during that stretch. It currently has a 1-year price target of $29.67. Beta for the stock currently stands at 1.26.
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 down-trending over the past week, with a drop of -19.48%, but this was down by -37.45% over a month. Three-month performance dropped to -13.86% while six-month performance fell -16.37%. The stock lost -41.06% in the past year, while it has lost -8.57% so far this year. A look at the trailing 12-month EPS for ETNB yields -3.43 with Next year EPS estimates of -2.20. For the next quarter, that number is -0.52. This implies an EPS growth rate of 38.84% for this year and -2.26% for next year. EPS is expected to grow by 18.22% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 32.21%.
Float and Shares Shorts:
At present, 145.98 million ETNB shares are outstanding with a float of 138.97 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 -$0.44 and the low estimate is -$0.56. The average estimate for the next quarter is thus -$0.48.
