In last trading session, Pacific Biosciences of California Inc (NASDAQ:PACB) saw 8.28 million shares changing hands with its beta currently measuring 2.05. Company’s recent per share price level of $2.06 trading at -$0.04 or -1.90% at ring of the bell on the day assigns it a market valuation of $561.41M. That closing price of PACB’s stock is at a discount of -416.99% from its 52-week high price of $10.65 and is indicating a premium of 43.69% from its 52-week low price of $1.16. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.52 million shares which gives us an average trading volume of 9.21 million if we extend that period to 3-months.
For Pacific Biosciences of California Inc (PACB), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.13. Splitting up the data highlights that, out of 11 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.22 in the current quarter.
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Pacific Biosciences of California Inc (NASDAQ:PACB) trade information
Upright in the red during last session for losing -1.90%, in the last five days PACB remained trading in the green while hitting it’s week-highest on Tuesday, 10/15/24 when the stock touched $2.06 price level, adding 4.63% to its value on the day. Pacific Biosciences of California Inc’s shares saw a change of -79.00% in year-to-date performance and have moved 27.95% in past 5-day. Pacific Biosciences of California Inc (NASDAQ:PACB) showed a performance of 10.16% in past 30-days. Number of shares sold short was 51.64 million shares which calculate 5.7 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 3 to the stock, which implies a rise of 31.33% to its current value. Analysts have been projecting 2 as a low price target for the stock while placing it at a high target of 4. It follows that stock’s current price would jump 2.91% in reaching the projected high whereas dropping to the targeted low would mean a gain of 2.91% for stock’s current value.
Pacific Biosciences of California Inc (PACB) estimates and forecasts
Statistics highlight that Pacific Biosciences of California Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 47.14% of value to its shares in past 6 months, showing an annual growth rate of 14.41% while that of industry is 13.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -17.00% from the last financial year’s standing.
13 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 41.96M for the same. And 13 analysts are in estimates of company making revenue of 50.34M in the next quarter. Company posted 55.69M and 58.36M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -9.76% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 4.92% while estimates for its earnings growth in next 5 years are of -1.00%.
Pacific Biosciences of California Inc (NASDAQ:PACB)’s Major holders
Insiders are in possession of 1.87% of company’s total shares while institution are holding 85.83 percent of that, with stock having share float percentage of 87.46%. Investors also watch the number of corporate investors in a company very closely, which is 85.83% institutions for Pacific Biosciences of California Inc that are currently holding shares of the company. ARK INVESTMENT MANAGEMENT LLC is the top institutional holder at PACB for having 33.21 million shares of worth $45.5 million. And as of 2024-06-30, it was holding 12.3202 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 26.0 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.6443 of outstanding shares, having a total worth of $35.62 million.
