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Is a Correction Looming Ahead for Pacific Biosciences of California Inc. (PACB)

Pacific Biosciences of California Inc. (NASDAQ:PACB) went down by -4.27% from its latest closing price compared to the recent 1-year high of $31.10. The company’s stock price has collected -5.05% of loss in the last five trading sessions. The Wall Street Journal reported on 02/09/21 that SoftBank Makes $900 Million Bet on Biotech Star

Is It Worth Investing in Pacific Biosciences of California Inc. (NASDAQ :PACB) Right Now?

Plus, the 36-month beta value for PACB is at 1.30. Opinions of the stock are interesting as 3 analysts out of 6 who provided ratings for Pacific Biosciences of California Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $10.00, which is $4.17 above the current price. PACB currently public float of 205.00M and currently shorts hold a 14.11% ratio of that float. Today, the average trading volume of PACB was 8.02M shares.

PACB’s Market Performance

PACB stocks went down by -5.05% for the week, with a monthly drop of -8.91% and a quarterly performance of 26.46%, while its annual performance rate touched -79.17%. The volatility ratio for the week stands at 9.03% while the volatility levels for the past 30 days are set at 10.59% for Pacific Biosciences of California Inc. The simple moving average for the period of the last 20 days is -4.21% for PACB stocks with a simple moving average of -36.92% for the last 200 days.

Analysts’ Opinion of PACB

Many brokerage firms have already submitted their reports for PACB stocks, with Cantor Fitzgerald repeating the rating for PACB by listing it as a “Overweight.” The predicted price for PACB in the upcoming period, according to Cantor Fitzgerald is $31 based on the research report published on January 21st of the current year 2022.

Piper Sandler, on the other hand, stated in their research note that they expect to see PACB reach a price target of $20. The rating they have provided for PACB stocks is “Neutral” according to the report published on January 06th, 2022.

Cowen gave a rating of “Market Perform” to PACB, setting the target price at $30 in the report published on October 15th of the previous year.

PACB Trading at 0.00% from the 50-Day Moving Average

After a stumble in the market that brought PACB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -81.25% of loss for the given period.

Volatility was left at 10.59%, however, over the last 30 days, the volatility rate increased by 9.03%, as shares surge +3.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.47% upper at present.

During the last 5 trading sessions, PACB fell by -5.05%, which changed the moving average for the period of 200-days by -72.96% in comparison to the 20-day moving average, which settled at $6.10. In addition, Pacific Biosciences of California Inc. saw -71.51% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at PACB starting from HENRY CHRISTIAN O, who sale 91,307 shares at the price of $5.78 back on Sep 15. After this action, HENRY CHRISTIAN O now owns 688,551 shares of Pacific Biosciences of California Inc., valued at $527,435 using the latest closing price.

Farmer Michele, the of Pacific Biosciences of California Inc., sale 3,573 shares at $5.55 during a trade that took place back on May 18, which means that Farmer Michele is holding 60,354 shares at $19,819 based on the most recent closing price.

Stock Fundamentals for PACB

Current profitability levels for the company are sitting at:

  • -136.51 for the present operating margin
  • +45.04 for the gross margin

The net margin for Pacific Biosciences of California Inc. stands at -138.85. Equity return is now at value -27.00, with -10.50 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 15.35.

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