Pacific Biosciences of California Inc (PACB) concluded trading on Wednesday at a closing price of $1.75, with 4.09 million shares of worth about $7.16 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 28.68% during that period and on October 23, 2024 the price saw a loss of about -2.78%. Currently the company’s common shares owned by public are about 267.74M shares, out of which, 259.36M shares are available for trading.
Stock saw a price change of -15.05% in past 5 days and over the past one month there was a price change of 1.16%. Year-to-date (YTD), PACB shares are showing a performance of -82.16% which decreased to -75.90% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.16 but also hit the highest price of $10.65 during that period. The average intraday trading volume for Pacific Biosciences of California Inc shares is 8.39 million. The stock is currently trading -2.26% below its 20-day simple moving average (SMA20), while that difference is up 4.04% for SMA50 and it goes to -39.15% lower than SMA200.
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Pacific Biosciences of California Inc (NASDAQ: PACB) currently have 267.74M outstanding shares and institutions hold larger chunk of about 84.07% of that.
The stock has a current market capitalization of $476.93M and its 3Y-monthly beta is at 2.05. It has posted earnings per share of -$1.50 in the same period. It has Quick Ratio of 7.14 while making debt-to-equity ratio of 1.88. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PACB, volatility over the week remained 8.78% while standing at 9.14% over the month.
Analysts are in expectations that Pacific Biosciences of California Inc (PACB) stock would likely to be making an EPS of -0.22 in the current quarter, while forecast for next quarter EPS is -0.2 and it is -0.68 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.3 which is -0.16 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -0.26 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 4.92% while it is estimated to increase by 39.54% in next year. EPS is likely to grow at an annualized rate of -1.00% for next 5-years, compared to annual growth of -9.76% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on June 03, 2024 offering a Buy rating for the stock and assigned a target price of $4 to it. On April 18, 2024, Goldman Downgrade their recommendations, while on December 14, 2023, Stephens Initiated their ratings for the stock with a price target of $11. Stock get a Neutral rating from Guggenheim on December 14, 2023.