Currently, there are 273.86M common shares owned by the public and among those 243.51M shares have been available to trade.
The company’s stock has a 5-day price change of -11.89% and -5.23% over the past three months. PACB shares are trading -10.93% year to date (YTD), with the 12-month market performance down to -67.91% lower. It has a 12-month low price of $1.16 and touched a high of $6.09 over the same period. PACB has an average intraday trading volume of 11.02 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.56%, -8.25%, and -8.41% respectively.
Institutional ownership of Pacific Biosciences of California Inc (NASDAQ: PACB) shares accounts for 84.36% of the company’s 273.86M shares outstanding.
It has a market capitalization of $446.40M and a beta (3y monthly) value of 1.85. The earnings-per-share (ttm) stands at -$1.14. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.97% over the week and 11.86% over the month.
Analysts forecast that Pacific Biosciences of California Inc (PACB) will achieve an EPS of -0.19 for the current quarter, -0.19 for the next quarter and -0.59 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.21 while analysts give the company a high EPS estimate of -0.21. Comparatively, EPS for the current quarter was -0.26 a year ago. Earnings per share for the fiscal year are expected to increase by 33.82%, and 17.90% over the next financial year. EPS should grow at an annualized rate of 24.02% over the next five years, compared to -15.31% over the past 5-year period.
Jefferies coverage for the Pacific Biosciences of California Inc (PACB) stock in a research note released on June 03, 2024 offered a Buy rating with a price target of $4. JP Morgan was of a view on April 22, 2024 that the stock is Neutral, while Goldman gave the stock Neutral rating on April 18, 2024, issuing a price target of $7- $2.50. Stephens on their part issued Overweight rating on December 14, 2023.
