The stock of Pacific Biosciences of California Inc (PACB) has gone down by -2.28% for the week, with a -10.44% drop in the past month and a -29.05% drop in the past quarter. The volatility ratio for the week is 13.45%, and the volatility levels for the past 30 days are 13.03% for PACB. The simple moving average for the last 20 days is -10.89% for PACB stock, with a simple moving average of -65.36% for the last 200 days.
Is It Worth Investing in Pacific Biosciences of California Inc (NASDAQ: PACB) Right Now?
The 36-month beta value for PACB is also noteworthy at 2.07. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PACB is 264.28M, and at present, short sellers hold a 21.61% of that float. The average trading volume of PACB on August 16, 2024 was 9.20M shares.
PACB) stock’s latest price update
Pacific Biosciences of California Inc (NASDAQ: PACB)’s stock price has decreased by -8.06 compared to its previous closing price of 1.69. However, the company has seen a -2.28% decrease in its stock price over the last five trading sessions. accesswire.com reported 2024-08-16 that LOS ANGELES, CA / ACCESSWIRE / August 16, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Pacific Biosciences of California, Inc. (“PacBio” or “the Company”) (NASDAQ:PACB) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Analysts’ Opinion of PACB
Many brokerage firms have already submitted their reports for PACB stocks, with Jefferies repeating the rating for PACB by listing it as a “Buy.” The predicted price for PACB in the upcoming period, according to Jefferies is $4 based on the research report published on June 03, 2024 of the current year 2024.
Goldman gave a rating of “Neutral” to PACB, setting the target price at $2.50 in the report published on April 18th of the current year.
PACB Trading at -6.81% 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 -87.00% of loss for the given period.
Volatility was left at 13.03%, however, over the last 30 days, the volatility rate increased by 13.45%, as shares sank -6.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.53% lower at present.
During the last 5 trading sessions, PACB fell by -1.89%, which changed the moving average for the period of 200-days by -78.06% in comparison to the 20-day moving average, which settled at $1.7387. In addition, Pacific Biosciences of California Inc saw -84.16% 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 Farmer Michele, who sale 5,275 shares at the price of $2.03 back on May 20 ’24. After this action, Farmer Michele now owns 211,941 shares of Pacific Biosciences of California Inc, valued at $10,708 using the latest closing price.
Meline David W, the Director of Pacific Biosciences of California Inc, purchase 40,000 shares at $4.40 during a trade that took place back on Mar 06 ’24, which means that Meline David W is holding 40,000 shares at $176,160 based on the most recent closing price.
Stock Fundamentals for PACB
Current profitability levels for the company are sitting at:
- -1.67 for the present operating margin
- 0.2 for the gross margin
The net margin for Pacific Biosciences of California Inc stands at -2.12. The total capital return value is set at -0.22. Equity return is now at value -70.57, with -23.85 for asset returns.
Based on Pacific Biosciences of California Inc (PACB), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at -0.28. The debt to equity ratio resting at 1.84. The interest coverage ratio of the stock is -43.79.
Currently, EBITDA for the company is -277.67 million with net debt to EBITDA at -3.05. When we switch over and look at the enterprise to sales, we see a ratio of 6.63. The receivables turnover for the company is 5.82for trailing twelve months and the total asset turnover is 0.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.01.
Conclusion
In summary, Pacific Biosciences of California Inc (PACB) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
