Pacific Biosciences of California Inc [PACB] stock prices are up 12.44% to $2.44 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PACB shares have gain 37.85% over the last week, with a monthly amount glided 49.69%, 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.
The stock price of Pacific Biosciences of California Inc [PACB] has been fluctuating 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 $2.44 at the most recent close of the market. An investor can expect a potential return of 22.95% based on the average PACB price forecast.
Analyzing the PACB fundamentals
The Pacific Biosciences of California Inc [NASDAQ:PACB] reported sales of 188.87M for trailing twelve months, representing 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 2.25 points at the first support level, and at 2.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.56, and for the 2nd resistance point, it is at 2.69.
Ratios To Look Out For
It’s worth pointing out that Pacific Biosciences of California Inc [NASDAQ:PACB]’s Current Ratio is 8.01. Also, the Quick Ratio is 7.14, while the Cash Ratio stands at 1.27. Considering the valuation of this stock, the price to sales ratio is 3.96, the price to book ratio is 1.35.
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.
