How Have Insiders Been Trading Pacific Biosciences of California Inc. (PACB) Stock?

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Pacific Biosciences of California Inc. (NASDAQ:PACB) saw a downside of -4.32% to close Tuesday at $10.84 after subtracting -$0.49 on the day. The 5-day average trading volume is 3,647,800 shares of the company’s common stock. It has gained $12.54 in the past week and touched a new high 1 time within the past 5 days. An average of 3,856,760 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,008,798.

PACB’s 1-month performance is 17.95% or $2.35 on its low of $7.71 reached on 12/29/22. The company’s shares have touched a 52-week low of $3.85 and high of $14.20, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, PACB has achieved 32.52% or $2.66 and has reached a new high 8 times. However, the current price is down -23.66% from the 52-week high price.

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Insider Transactions

PACB stock investors last saw insider trading activity on Jan 10.Van Oene Mark () most recently sold 26,722 shares at $9.53 per share on Jan 10. This transaction cost the insider $254,768., HENRY CHRISTIAN O, sold 45,000 shares at a price of $10.84 on Dec 01. Then, on Sep 29, Kim Susan G. sold 12,968 shares at a price of $5.61 per share. This transaction amounted to $72,802.

Valuation Metrics

PACB stock has a beta of 1.62. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 17.89 while the price-to-book (PB) in the most recent quarter is 3.90.

Pacific Biosciences of California Inc.’s quick ratio for the period ended June 29 was 10.70, with the current ratio over the same period at 11.20. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.43, while the total debt to equity was 1.43.. In terms of profitability, the gross margin trailing 12 months is 44.30%. The firm’s gross profit as reported stood at $58.86 million against revenue of $130.51 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Pacific Biosciences of California Inc.’s cash and short-term investments amounted to $529.91 million against total debt of $950.22 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 121.49% to -$76.97 million, while revenue of -$71.39 million was 7.25% off the previous quarter. Analysts expected PACB to announce -$0.32 per share in earnings in its latest quarter, but it posted -$0.32, representing a 0.00% surprise. EBITDA for the quarter stood at more than -$70.22 million. PACB stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.19 billion, with total debt at $950.22 million. Shareholders hold equity totaling $226.11 million.

Let’s look briefly at Pacific Biosciences of California Inc. (PACB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 57.53% to suggest the stock is trending Neutral, with historical volatility in this time period at 78.27%.

The stock’s 5-day moving average is $11.34, reflecting a -9.82% or -$1.18 change from its current price. PACB is currently trading +19.91% above its 20-day SMA, +94.61% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +29.98% and SMA200 by+23.18%.

Stochastic %K and %D was 71.00% and 74.59% and the average true range (ATR) pointed at 0.85. The RSI (14) points at 58.02%, while the 14-day stochastic is at 64.36% with the period’s ATR at 0.84. The stock’s 9-day MACD Oscillator is pointing at -0.01 and 0.81 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Pacific Biosciences of California Inc. (NASDAQ: PACB), Cantor Fitzgerald downgraded it to a Neutral rating. They previously had an Overweight rating on the stock. Analysts offering their rating for PACB stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate PACB as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.

What is PACB’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $10.00 and a high of $14.00, with their median price target at $12.00. Looking at these predictions, the average price target given by analysts is for Pacific Biosciences of California Inc. (PACB) stock is $12.14.

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