Pacific Biosciences of California Inc (PACB) concluded trading on Tuesday at a closing price of $1.95, with 2.55 million shares of worth about $4.98 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 43.91% during that period and on December 24, 2024 the price saw a gain of about 1.04%. Currently the company’s common shares owned by public are about 273.81M shares, out of which, 241.81M shares are available for trading.
Stock saw a price change of -1.02% in past 5 days and over the past one month there was a price change of 8.33%. Year-to-date (YTD), PACB shares are showing a performance of -80.12% which decreased to -80.64% 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 9.47 million. The stock is currently trading -1.85% below its 20-day simple moving average (SMA20), while that difference is down -2.80% for SMA50 and it goes to -2.26% lower than SMA200.
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Pacific Biosciences of California Inc (NASDAQ: PACB) currently have 273.81M outstanding shares and institutions hold larger chunk of about 83.15% of that.
The stock has a current market capitalization of $539.56M and its 3Y-monthly beta is at 1.94. It has posted earnings per share of -$1.46 in the same period. It has Quick Ratio of 8.64 while making debt-to-equity ratio of 2.03. 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 8.15% while standing at 9.68% over the month.
Analysts are in expectations that Pacific Biosciences of California Inc (PACB) stock would likely to be making an EPS of -0.18 in the current quarter, while forecast for next quarter EPS is -0.16 and it is -0.64 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.21 which is -0.11 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 -0.27 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -12.49% while it is estimated to increase by 49.72% 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.
Coverage by Jefferies stated Pacific Biosciences of California Inc (PACB) stock as a Buy in their note to investors on June 03, 2024, suggesting a price target of $4 for the stock. On April 22, 2024, JP Morgan Downgrade their recommendations, while on April 18, 2024, Goldman Downgrade their ratings for the stock with a price target of $2.50. Stock get an Overweight rating from Stephens on December 14, 2023.
