The stock price of Pacific Biosciences of California Inc (NASDAQ: PACB) has surged by 18.52 when compared to previous closing price of 1.55, but the company has seen a 6.80% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-11 that Groundbreaking collaboration to unlock the full potential of PacBio’s Onso technology, accelerating breakthroughs in cancer genomics across Asia Groundbreaking collaboration to unlock the full potential of PacBio’s Onso technology, accelerating breakthroughs in cancer genomics across Asia
Is It Worth Investing in Pacific Biosciences of California Inc (NASDAQ: PACB) Right Now?
The stock has a 36-month beta value of 2.05. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for PACB is 259.36M, and at present, short sellers hold a 19.91% of that float. On October 11, 2024, the average trading volume of PACB was 9.09M shares.
PACB’s Market Performance
PACB stock saw an increase of 6.80% in the past week, with a monthly gain of 2.06% and a quarterly increase of 13.40%. The volatility ratio for the week is 7.15%, and the volatility levels for the last 30 days are 8.76% for Pacific Biosciences of California Inc (PACB). The simple moving average for the last 20 days is 5.69% for PACB stock, with a simple moving average of -42.12% for the last 200 days.
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 13.39% 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 -82.75% of loss for the given period.
Volatility was left at 8.76%, however, over the last 30 days, the volatility rate increased by 7.15%, as shares sank -0.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.32% lower at present.
During the last 5 trading sessions, PACB rose by +4.58%, which changed the moving average for the period of 200-days by -82.50% in comparison to the 20-day moving average, which settled at $1.7362. In addition, Pacific Biosciences of California Inc saw -81.27% 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 19,782 shares at the price of $1.72 back on Sep 30 ’24. After this action, Kim Susan G. now owns 695,654 shares of Pacific Biosciences of California Inc, valued at $34,065 using the latest closing price.
SUSAN KIM, the Officer of Pacific Biosciences of California Inc, proposed sale 19,782 shares at $1.72 during a trade that took place back on Sep 30 ’24, which means that SUSAN KIM is holding shares at $34,061 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 6.99. 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
To sum up, Pacific Biosciences of California Inc (PACB) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
