Pacific Biosciences of California Inc [NASDAQ: PACB] surged by $0.04 during the normal trading session on while it closed the day at $1.13.
Pacific Biosciences of California Inc stock has also loss -0.88% of its value over the past 7 days. However, PACB stock has declined by -32.34% in the 3 months of the year. Over the past six months meanwhile, it has lost -35.43% and lost -38.25% year-on date.
The market cap for PACB stock reached $336.57 million, with 294.42 million shares outstanding and 262.18 million shares in the current float. Compared to the average trading volume of 10.63M shares, PACB reached a trading volume of 7831054 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $2.05 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 2.27. 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.
UBS have made an estimate for Pacific Biosciences of California Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 11, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on June 03, 2024, representing the official price target for Pacific Biosciences of California Inc stock. On April 18, 2024, analysts decreased their price target for PACB shares from 7 to 2.50.
The Average True Range (ATR) for Pacific Biosciences of California Inc is set at 0.11, with the Price to Sales ratio for PACB stock in the period of the last 12 months amounting to 2.19. The Price to Book ratio for the last quarter was 0.66, with the Price to Cash per share for the same quarter was set at 1.31.
PACB stock trade performance evaluation
Pacific Biosciences of California Inc [PACB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.88. With this latest performance, PACB shares dropped by -8.87% in over the last four-week period, additionally sinking by -35.43% over the last 6 months – not to mention a drop of -16.91% 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 42.26, with the RSI for the last a single of trading hit 40.65, and the three-weeks RSI is set at 43.01 for Pacific Biosciences of California Inc [PACB]. The present Moving Average for the last 50 days of trading for this stock 1.3301, while it was recorded at 1.1400 for the last single week of trading, and 1.6817 for the last 200 days.
Pacific Biosciences of California Inc [PACB]: An insightful look at the core fundamentals
Pacific Biosciences of California Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.59 and a Current Ratio set at 7.48.
Earnings per share (EPS) analysis for Pacific Biosciences of California Inc [PACB] stock
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 24.80%.
Pacific Biosciences of California Inc [PACB]: Institutional Ownership
There are presently around $72.47%, or 79.70%% of PACB stock, in the hands of institutional investors. The top three institutional holders of PACB stocks are: ARK INVESTMENT MANAGEMENT LLC with ownership of 33.21 million shares, which is approximately 12.1932%. VANGUARD GROUP INC, holding 26.0 million shares of the stock with an approximate value of $$35.62 million in PACB stocks shares; and VANGUARD GROUP INC, currently with $$32.34 million in PACB stock with ownership which is approximately 8.6674%.
