Tuesday, March 9, 2021

why Pacific Biosciences of California Inc. [PACB] is a Good Choice for Investors After New Price Target of $13.20

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Pacific Biosciences of California Inc. [NASDAQ: PACB] gained 4.95% or 0.69 points to close at $14.64 with a heavy trading volume of 2123773 shares. The company report on October 22, 2020 that Invitae and Pacific Biosciences Collaborate to Develop Whole Genome Sequencing-Based Assays for Pediatric Epilepsy Diagnostics.

Invitae Corporation (NYSE: NVTA), a leading genetics company, and Pacific Biosciences of California, Inc. (Nasdaq:PACB), a leading provider of high-quality sequencing of genomes, transcriptomes and epigenomes, today announced a research collaboration focused on the investigation of clinically relevant molecular targets for use in the development of advanced diagnostic testing for epilepsy. To support this collaboration, Invitae is expanding their PacBio sequencing capacity to meet the growing demand for clinical applications dependent on highly accurate genomic information.


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More than half of epilepsies can be traced to a genetic cause. When a child presents with seizures, genetic testing can help identify more than 100 underlying, often rare conditions. Early genetic testing may be the most cost-effective, direct, and accurate diagnostic tool for children, shortening lengthy diagnostic odysseys. Delays in diagnosis can be devastating for children, as some genetic epilepsies are neurodegenerative and early symptoms may be subtle and easy to misdiagnose. Invitae’s Behind the Seizure® program is a prominent collaborative program that was developed to provide faster diagnosis for young children with epilepsy in many regions around the world.

It opened the trading session at $13.92, the shares rose to $14.76 and dropped to $13.635, the range by which the price of stock traded the whole day. The daily chart for PACB points out that the company has recorded 313.56% gains over the past six months. However, it is still -565.45% lower than its most recent low trading price.

If we look at the average trading volume of 3.88M shares, PACB reached to a volume of 2123773 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Pacific Biosciences of California Inc. [PACB]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PACB shares is $13.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PACB stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Pacific Biosciences of California Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 02, 2020. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Equal-Weight. The new note on the price target was released on September 09, 2020, representing the official price target for Pacific Biosciences of California Inc. stock. Previously, the target price had yet another raise to $5, while Cantor Fitzgerald analysts kept a Overweight rating on PACB stock.

The Average True Range (ATR) for Pacific Biosciences of California Inc. is set at 0.83, with the Price to Sales ratio for PACB stock in the period of the last 12 months amounting to 30.56. The Price to Book ratio for the last quarter was 54.22, with the Price to Cash per share for the same quarter was set at 0.70. Price to Free Cash Flow for PACB in the course of the last twelve months was 171.49 with Quick ratio for the last quarter at 1.00.

Trading performance analysis for PACB stock

Pacific Biosciences of California Inc. [PACB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.81. With this latest performance, PACB shares gained by 52.50% in over the last four-week period, additionally plugging by 313.56% over the last 6 months – not to mention a rise of 210.17% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PACB stock in for the last two-week period is set at 71.01, with the RSI for the last a single of trading hit 69.29, and the three-weeks RSI is set at 72.43 for Pacific Biosciences of California Inc. [PACB]. The present Moving Average for the last 50 days of trading for this stock 9.67, while it was recorded at 13.87 for the last single week of trading, and 5.25 for the last 200 days.

Pacific Biosciences of California Inc. [PACB]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Pacific Biosciences of California Inc. [PACB] shares currently have an operating margin of -110.62 and a Gross Margin at +38.04. Pacific Biosciences of California Inc.’s Net Margin is presently recorded at -92.57.

Return on Total Capital for PACB is now -81.97, given the latest momentum, and Return on Invested Capital for the company is -74.59. Return on Equity for this stock declined to -99.58, with Return on Assets sitting at -52.87. When it comes to the capital structure of this company, Pacific Biosciences of California Inc. [PACB] has a Total Debt to Total Equity ratio set at 112.30. Additionally, PACB Total Debt to Total Capital is recorded at 52.90, with Total Debt to Total Assets ending up at 41.67. Long-Term Debt to Equity for the company is recorded at 76.41, with the Long-Term Debt to Total Capital now at 35.99.

Reflecting on the efficiency of the workforce at the company, Pacific Biosciences of California Inc. [PACB] managed to generate an average of -$208,252 per employee. Receivables Turnover for the company is 7.62 with a Total Asset Turnover recorded at a value of 0.57.Pacific Biosciences of California Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.20.

Pacific Biosciences of California Inc. [PACB]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Pacific Biosciences of California Inc. posted -0.19/share EPS, while the average EPS was predicted by analysts to be reported at -0.15/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -26.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PACB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Pacific Biosciences of California Inc. go to 30.00%.

An analysis of insider ownership at Pacific Biosciences of California Inc. [PACB]

There are presently around $1,634 million, or 89.40% of PACB stock, in the hands of institutional investors. The top three institutional holders of PACB stocks are: BLACKROCK INC. with ownership of 13,343,578, which is approximately 3.964% of the company’s market cap and around 2.10% of the total institutional ownership; BELLEVUE GROUP AG, holding 8,363,741 shares of the stock with an approximate value of $122.44 million in PACB stocks shares; and ARK INVESTMENT MANAGEMENT LLC, currently with $120.51 million in PACB stock with ownership of nearly 96.312% of the company’s market capitalization.

Positions in Pacific Biosciences of California Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 83 institutional holders increased their position in Pacific Biosciences of California Inc. [NASDAQ:PACB] by around 12,735,269 shares. Additionally, 52 investors decreased positions by around 17,882,169 shares, while 31 investors held positions by with 81,015,061 shares. The mentioned changes placed institutional holdings at 111,632,499 shares, according to the latest SEC report filing. PACB stock had 36 new institutional investments in for a total of 1,584,997 shares, while 13 institutional investors sold positions of 4,857,570 shares during the same period.

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