The stock of Pacific Biosciences of California Inc (PACB) has seen a 16.41% increase in the past week, with a -0.78% drop in the past month, and a -26.74% decrease in the past quarter. The volatility ratio for the week is 6.16%, and the volatility levels for the past 30 days are at 6.68% for PACB. The simple moving average for the last 20 days is 9.80% for PACB’s stock, with a simple moving average of -28.55% for the last 200 days.

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

Additionally, the 36-month beta value for PACB is 1.73. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”

The average price predicted by analysts for PACB is $12.18, which is $4.59 above the current price. The public float for PACB is 258.45M and currently, short sellers hold a 13.59% ratio of that float. The average trading volume of PACB on November 17, 2023 was 4.52M shares.

PACB) stock’s latest price update

The stock price of Pacific Biosciences of California Inc (NASDAQ: PACB) has dropped by -2.82 compared to previous close of 7.81. Despite this, the company has seen a gain of 16.41% in its stock price over the last five trading days. Zacks Investment Research reported 2023-10-31 that PacBio (PACB) witnesses strong revenue growth in the third quarter, partly aided by customers’ continued product transition to the Revio system.

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 $11 based on the research report published on October 31, 2023 of the current year 2023.

PACB Trading at -7.17% 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 -47.84% of loss for the given period.

Volatility was left at 6.68%, however, over the last 30 days, the volatility rate increased by 6.16%, as shares surge +2.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.11% lower at present.

During the last 5 trading sessions, PACB rose by +16.41%, which changed the moving average for the period of 200-days by -33.89% in comparison to the 20-day moving average, which settled at $6.92. In addition, Pacific Biosciences of California Inc saw -7.21% 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 Kim Susan G., who sale 19,257 shares at the price of $8.44 back on Sep 29. After this action, Kim Susan G. now owns 306,085 shares of Pacific Biosciences of California Inc, valued at $162,471 using the latest closing price.

HENRY CHRISTIAN O, the of Pacific Biosciences of California Inc, sale 96,844 shares at $10.12 during a trade that took place back on Sep 18, which means that HENRY CHRISTIAN O is holding 1,106,095 shares at $980,255 based on the most recent closing price.

Stock Fundamentals for PACB

Current profitability levels for the company are sitting at:

• -237.58 for the present operating margin
• +38.08 for the gross margin

The net margin for Pacific Biosciences of California Inc stands at -244.92. The total capital return value is set at -18.70, while invested capital returns managed to touch -19.40. Equity return is now at value -44.46, with -16.63 for asset returns.

Based on Pacific Biosciences of California Inc (PACB), the company’s capital structure generated 168.59 points at debt to equity in total, while total debt to capital is 62.77. Total debt to assets is 53.70, with long-term debt to equity ratio resting at 166.68. Finally, the long-term debt to capital ratio is 62.06.

When we switch over and look at the enterprise to sales, we see a ratio of 13.36, with the company’s debt to enterprise value settled at 0.47. The receivables turnover for the company is 5.96 and the total asset turnover is 0.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.24.

Conclusion

In conclusion, Pacific Biosciences of California Inc (PACB) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.