Currently, there are 267.44M common shares owned by the public and among those 256.44M shares have been available to trade.
Insiders at the company have transacted a total of 21 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 7 of these insider trades were purchases, accounting for 1,353,687 shares. Insider sales of the common stock occurred on 14 occasions, with total insider shares sold totaling 231,517 shares.
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The company’s stock has a 5-day price change of 4.19% and 2.91% over the past three months. PACB shares are trading -31.60% year to date (YTD), with the 12-month market performance down to -32.97% lower. It has a 12-month low price of $5.74 and touched a high of $14.55 over the same period. PACB has an average intraday trading volume of 1.12 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.04%, -17.17%, and -33.36% respectively.
Institutional ownership of Pacific Biosciences of California Inc (NASDAQ: PACB) shares accounts for 103.10% of the company’s 267.44M shares outstanding.
It has a market capitalization of $1.79B and a beta (3y monthly) value of 1.92. The earnings-per-share (ttm) stands at -$1.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.79% over the week and 6.49% over the month.
Analysts forecast that Pacific Biosciences of California Inc (PACB) will achieve an EPS of -$0.28 for the current quarter, -$0.27 for the next quarter and -$1.01 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.33 while analysts give the company a high EPS estimate of -$0.24. Comparatively, EPS for the current quarter was -$0.37 a year ago. Earnings per share for the fiscal year are expected to increase by 15.92%, and 14.16% over the next financial year. EPS should grow at an annualized rate of -1.00% over the next five years, compared to -9.97% over the past 5-year period.
Looking at the support for the PACB, a number of firms have released research notes about the stock. Stephens stated their Overweight rating for the stock in a research note on December 14, 2023, with the firm’s price target at $11.
