In the past week, PACB stock has gone up by 11.45%, with a monthly gain of 9.47% and a quarterly surge of 5.11%. The volatility ratio for the week is 11.65%, and the volatility levels for the last 30 days are 10.52% for Pacific Biosciences of California Inc The simple moving average for the last 20 days is 20.62% for PACB stock, with a simple moving average of -52.67% 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 2.00. 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 262.15M, and at present, short sellers hold a 23.28% of that float. The average trading volume of PACB on September 17, 2024 was 9.20M shares.
PACB) stock’s latest price update
Pacific Biosciences of California Inc (NASDAQ: PACB)’s stock price has plunge by 2.21relation to previous closing price of 1.81. Nevertheless, the company has seen a 11.45% surge in its stock price over the last five trading sessions. accesswire.com reported 2024-09-16 that LOS ANGELES, CA / ACCESSWIRE / September 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 13.40% 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 -84.39% of loss for the given period.
Volatility was left at 10.52%, however, over the last 30 days, the volatility rate increased by 11.65%, as shares surge +18.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +41.22% upper at present.
During the last 5 trading sessions, PACB rose by +11.45%, which changed the moving average for the period of 200-days by -78.56% in comparison to the 20-day moving average, which settled at $1.5482. In addition, Pacific Biosciences of California Inc saw -81.14% 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 CHRISTIAN HENRY, who proposed sale 98,907 shares at the price of $1.75 back on Sep 16 ’24. After this action, CHRISTIAN HENRY now owns shares of Pacific Biosciences of California Inc, valued at $172,741 using the latest closing price.
Eidel Jeff, the of Pacific Biosciences of California Inc, sale 26,760 shares at $1.59 during a trade that took place back on Aug 19 ’24, which means that Eidel Jeff is holding 869,730 shares at $42,602 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 -22.06.
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 7.04. 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 mixed 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.
