89bio Historical Income Statement
| ETNB Stock | USD 8.26 0.01 0.12% |
Historical analysis of 89bio income statement accounts such as Interest Expense of 4.9 M or Selling General Administrative of 16.5 M can show how well 89bio Inc performed in making a profits. Evaluating 89bio income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of 89bio's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining 89bio Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether 89bio Inc is a good buy for the upcoming year.
89bio |
About 89bio Income Statement Analysis
89bio Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to 89bio shareholders. The income statement also shows 89bio investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
89bio Income Statement Chart
89bio Inc Income Statement is one of the three primary financial statements used for reporting 89bio's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of 89bio Inc revenue and expense. 89bio Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, 89bio's Depreciation And Amortization is projected to decrease significantly based on the last few years of reporting. The current year's Interest Expense is expected to grow to about 4.9 M, whereas Tax Provision is forecasted to decline to 10,000. Add Fundamental
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of 89bio Inc. It is also known as 89bio overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Most accounts from 89bio's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into 89bio Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in 89bio Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At present, 89bio's Depreciation And Amortization is projected to decrease significantly based on the last few years of reporting. The current year's Interest Expense is expected to grow to about 4.9 M, whereas Tax Provision is forecasted to decline to 10,000.
| 2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 79K | 65K | 49K | 50.6K | Total Operating Expenses | 89.7M | 102.2M | 150.9M | 79.6M |
89bio income statement Correlations
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89bio Account Relationship Matchups
High Positive Relationship
High Negative Relationship
89bio income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Tax Provision | 218K | (59K) | (147K) | 19K | 16K | 10K | |
| Depreciation And Amortization | 17K | 60K | 79K | (204.5M) | 273K | 286.7K | |
| Interest Expense | 30.5M | 143K | 447K | 1.9M | 3.6M | 4.9M | |
| Selling General Administrative | 5.3M | 13.2M | 19.4M | 21.5M | 29.0M | 16.5M | |
| Other Operating Expenses | 26.6M | 49.4M | 89.7M | 102.2M | 151.2M | 79.6M | |
| Operating Income | (26.6M) | (49.4M) | (89.7M) | 102.2M | (151.2M) | (143.6M) | |
| Net Income From Continuing Ops | (57.4M) | (49.5M) | (90.1M) | (102.0M) | (126.6M) | (120.2M) | |
| Ebit | (26.6M) | (49.4M) | (89.7M) | 102.2M | (151.2M) | (143.6M) | |
| Research Development | 21.3M | 36.2M | 70.3M | 80.8M | 122.2M | 63.2M | |
| Ebitda | (26.6M) | (49.3M) | (89.7M) | (102.2M) | (150.9M) | (143.4M) | |
| Total Operating Expenses | 26.6M | 49.4M | 89.7M | 102.2M | 150.9M | 79.6M | |
| Reconciled Depreciation | 17K | 60K | 79K | 65K | 49K | 50.6K | |
| Income Before Tax | (57.2M) | (49.6M) | (90.3M) | (102.0M) | (138.3M) | (131.4M) | |
| Total Other Income Expense Net | (30.6M) | (203K) | (526K) | (204.3M) | 12.9M | 13.5M | |
| Net Income Applicable To Common Shares | (57.4M) | (49.5M) | (90.1M) | (102.0M) | (91.8M) | (96.4M) | |
| Net Income | (57.4M) | (49.5M) | (90.1M) | (102.0M) | (142.2M) | (135.1M) | |
| Income Tax Expense | 218K | (59K) | (147K) | 19K | 3.9M | 4.1M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards 89bio in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, 89bio's short interest history, or implied volatility extrapolated from 89bio options trading.
Pair Trading with 89bio
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if 89bio position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in 89bio will appreciate offsetting losses from the drop in the long position's value.Moving together with 89bio Stock
| 0.64 | A | Agilent Technologies Financial Report 28th of May 2024 | PairCorr |
| 0.73 | ENVB | Enveric Biosciences Financial Report 20th of May 2024 | PairCorr |
Moving against 89bio Stock
| 0.54 | ACB | Aurora Cannabis Sell-off Trend | PairCorr |
The ability to find closely correlated positions to 89bio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 89bio when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back 89bio - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling 89bio Inc to buy it.
The correlation of 89bio is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 89bio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 89bio Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for 89bio can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in 89bio Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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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Is 89bio's industry 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 (2.00) | Return On Assets (0.24) | Return On Equity (0.41) |
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.