During the recent session, Pacific Biosciences of California Inc (NASDAQ:PACB)’s traded shares were 1.48 million, with the beta value of the company hitting 2.01. The 52-week high for the PACB share is $5.01, that puts it down -273.88 from that peak though still a striking 13.43% gain since the share price plummeted to a 52-week low of $1.16. The company’s market capitalization is $365.61M, and the average trade volume was 11.16 million shares over the past three months.
Pacific Biosciences of California Inc (PACB) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.19. PACB has a Sell rating from 1 analyst(s) out of 11 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.19.
Pacific Biosciences of California Inc (NASDAQ:PACB) trade information
Pacific Biosciences of California Inc (PACB) registered a -0.37% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.37% in intraday trading to $1.34, hitting a weekly high. The stock’s 5-day price performance is -8.56%, and it has moved by -7.29% in 30 days. Based on these gigs, the overall price performance for the year is -72.64%.
The consensus price target of analysts on Wall Street is $3, which implies an increase of 55.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $4 respectively. As a result, PACB is trading at a discount of -198.51% off the target high and -49.25% off the low.
Pacific Biosciences of California Inc (PACB) estimates and forecasts
In the rating firms’ projections, revenue will increase 5.07% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 33.66M as predicted by 12 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 38.09M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 38.81M and 36.01M respectively. In this case, analysts expect current quarter sales to shrink by -13.26% and then jump by 5.78% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -15.31%. While earnings are projected to return 33.82% in 2025, the next five years will return 24.02% per annum.
PACB Dividends
Pacific Biosciences of California Inc is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Pacific Biosciences of California Inc (NASDAQ:PACB)’s Major holders
The next largest institutional holding, with 26.0 million shares, is of VANGUARD GROUP INC’s that is approximately 9.6443% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $35.62 million.
Also, the Mutual Funds coming in first place with the largest holdings of Pacific Biosciences of California Inc (PACB) shares are ARK ETF Tr-ARK Innovation ETF and ARK ETF Tr-ARK Genomic Revolution ETF. Data provided on Dec 31, 2024 indicates that ARK ETF Tr-ARK Innovation ETF owns about 21.16 shares. This amounts to just over 7.73 percent of the company’s overall shares, with a $28.14 million market value. The same data shows that the other fund manager holds slightly less at 12.14, or about 4.43% of the stock, which is worth about $16.14 million.
