Pacific Biosciences of California Inc [PACB] stock is trading at $1.69, down -0.59%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PACB shares have gain 4.32% over the last week, with a monthly amount glided 1.81%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, JP Morgan downgraded its rating to Neutral on April 22, 2024. On April 18, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $2.50 on the stock. Stephens started tracking the stock assigning a Overweight rating and suggested a price target of $11 on December 14, 2023. Guggenheim initiated its recommendation with a Neutral. In a note dated November 17, 2023, UBS upgraded an Buy rating on this stock and revised its target price from $13 to $10.
Pacific Biosciences of California Inc [PACB] stock has fluctuated between $1.16 and $10.65 over the past year. Currently, Wall Street analysts expect the stock to reach $3 within the next 12 months. Pacific Biosciences of California Inc [NASDAQ: PACB] shares were valued at $1.69 at the most recent close of the market. An investor can expect a potential return of 77.51% based on the average PACB price forecast.
Analyzing the PACB fundamentals
Pacific Biosciences of California Inc [NASDAQ:PACB] reported sales of 188.87M for the trailing twelve months, which represents a drop of -24.30%. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at -1.67%, Pretax Profit Margin comes in at -2.18%, and Net Profit Margin reading is -2.12%. To continue investigating profitability, this company’s Return on Assets is posted at -0.27, Equity is -0.61 and Total Capital is -0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.84.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.6583 points at the first support level, and at 1.6267 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.7233, and for the 2nd resistance point, it is at 1.7567.
Ratios To Look Out For
For context, Pacific Biosciences of California Inc’s Current Ratio is 8.01. Further, the Quick Ratio stands at 7.14, while the Cash Ratio is 1.27. Considering the valuation of this stock, the price to sales ratio is 2.44, the price to book ratio is 0.93.
Transactions by insiders
Recent insider trading involved Kim Susan G., that happened on Sep 30 ’24 when 19782.0 shares were sold. Officer, SUSAN KIM completed a deal on Sep 30 ’24 to buy 19782.0 shares. Meanwhile, HENRY CHRISTIAN O sold 98907.0 shares on Sep 16 ’24.
