At the time of writing, Pacific Biosciences of California Inc [PACB] stock is trading at $1.98, up 27.74%. An important factor to consider is whether the stock is rising or falling in short-term value. The PACB shares have gain 15.12% over the last week, with a monthly amount glided 10.00%, 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.
For the past year, the stock price of Pacific Biosciences of California Inc fluctuated between $1.16 and $10.65. 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 $1.98 at the most recent close of the market. An investor can expect a potential return of 51.52% based on the average PACB price forecast.
Analyzing the PACB fundamentals
According to Pacific Biosciences of California Inc [NASDAQ:PACB], the company’s sales were 188.87M for trailing twelve months, which represents an -24.30% plunge. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.84.
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 1.6700 points at the first support level, and at 1.3600 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.1700, and for the 2nd resistance point, it is at 2.3600.
Ratios To Look Out For
It is important to note that Pacific Biosciences of California Inc [NASDAQ:PACB] has a current ratio of 8.01. On the other hand, the Quick Ratio is 7.14, and the Cash Ratio is 1.27. Considering the valuation of this stock, the price to sales ratio is 2.86, the price to book ratio is 1.10.
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.
