Pacific Biosciences of California Inc. (NASDAQ:PACB) finished Thursday with an addition of $0.23 to close at $11.91, an upside of 1.97 percent. An average of 3,927,460 shares of common stock have been traded in the last five days. There was a gain of $0.39 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 3,792,315 shares traded, while the 50-day average volume stands at 3,788,348.
PACB stock has decreased by -13.76% in the last month. The company shares reached their 1-month lowest point of $11.36 on 08/08/23. With the stock rallying to its 52-week high on 07/18/23, shares of the company touched a low of $4.97 and a high of $14.55 in 52 weeks. It has reached a new high 19 times so far this year and achieved 45.60% or $3.73 in price. In spite of this, the price is down -18.14% from the 52-week high.
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Insider Transactions
PACB stock investors should be aware that Pacific Biosciences of California Inc. (PACB) stock had its last reported insider trading activity 85 days ago on May 18. In this transaction, the insider spent $65,027. Director, Ericson William W., disposed of 7,541 shares at a price of $8.90 on Mar 15. The insider now owns more than $67,115 worth of shares. Prior to that, HENRY CHRISTIAN O went on to Sale 13,769 shares at $9.49 each on Mar 03. An amount of $130,709 was transacted.
Valuation Metrics
Pacific Biosciences of California Inc. (PACB) stock’s beta is 1.64. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 19.27, the price-to-book (PB) ratio at 4.16.
Financial Health
The quick ratio of Pacific Biosciences of California Inc. for the three months ended June 29 was 3.50, and the current ratio was 3.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.30 and a total debt to equity ratio of 1.30 for the quarter ending June 29. Pacific Biosciences of California Inc.’s EBITDA margin for the year ending June 29 is -224.08%. Its gross profit as reported stood at $49.03 million compared to revenue of $128.3 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Pacific Biosciences of California Inc.’s return on assets was -17.10%.
Earnings Surprise
For the three-month period that ended June 29, Pacific Biosciences of California Inc. had $620.58 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$69.83 million in the quarter, while revenues were shrunk -2.23%. The analyst consensus anticipated Pacific Biosciences of California Inc.’s latest quarter earnings to come in at -$0.32 per share, but it turned out to be -$0.28, a 12.50% surprise. For the quarter, EBITDA amounted to -$72.11 million. Shareholders own equity worth $250.56 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Pacific Biosciences of California Inc. (PACB) price momentum. RSI 9-day as of the close on 10 August was 38.63%, suggesting the stock is Neutral, with historical volatility in this time frame at 62.38%.
As of today, PACB’s price is $11.94 +3.39% or $0.39 from its 5-day moving average. PACB is currently trading -14.19% lower than its 20-day SMA and +43.49% higher than its 100-day SMA. However, the stock’s current price level is -3.48% below the SMA50 and +53.28% above the SMA200.
The stochastic %K and %D were 21.38% and 21.54%, respectively, and the average true range (ATR) was 0.72. With the 14-day stochastic at 23.52% and the average true range at 0.71, the RSI (14) stands at 40.74%. The stock has reached -0.39 on the 9-day MACD Oscillator while the 14-day reading was at -0.71.
Analyst Ratings
The consensus rating for Pacific Biosciences of California Inc. (PACB) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PACB, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.
What is PACB’s price target for the next 12 months?
Analysts predict a range of price targets between $13.00 and $19.00, with a median target of $15.00. Taking a look at these predictions, the average price target given by analysts for Pacific Biosciences of California Inc. (PACB) stock is $15.17.
