Pacific Biosciences of California Inc (NASDAQ: PACB) is -78.59% lower on its value in year-to-date trading and has touched a low of $1.16 and a high of $10.65 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PACB stock was last observed hovering at around $2.05 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $2.10, the stock is 18.86% and 27.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.55 million and changing 2.44% at the moment leaves the stock -32.10% off its SMA200. PACB registered -73.68% loss for a year compared to 6-month gain of 50.00%. The firm has a 50-day simple moving average (SMA 50) of $1.6418 and a 200-day simple moving average (SMA200) of $3.0931.
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The stock witnessed a 13.51% loss in the last 1 month and extending the period to 3 months gives it a 2.44%, and is 24.26% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 14.89% over the week and 9.47% over the month.
Pacific Biosciences of California Inc (PACB) has around 796 employees, a market worth around $572.31M and $188.87M in sales. Profit margin for the company is -211.99%. Distance from 52-week low is 81.03% and -80.28% from its 52-week high. The company has generated returns on investments over the last 12 months (-28.49%).
with sales reaching $41.96M over the same period.The EPS is expected to grow by 4.92% this year, but quarterly earnings will post -17.00% year-over-year. Quarterly sales are estimated to shrink -24.70% in year-over-year returns.
Pacific Biosciences of California Inc (PACB) Top Institutional Holders
318.0 institutions hold shares in Pacific Biosciences of California Inc (PACB), with institutional investors hold 87.46% of the company’s shares. The shares outstanding are 267.74M, and float is at 259.36M with Short Float at 19.91%. Institutions hold 85.83% of the Float.
The top institutional shareholder in the company is ARK INVESTMENT MANAGEMENT LLC with over 33.21 million shares valued at $45.5 million. The investor’s holdings represent 12.3202% of the PACB Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 26.0 million shares valued at $35.62 million to account for 9.6443 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 23.61 million shares representing 8.7576% and valued at over $32.34 million, while MADRONE ADVISORS, LLC holds 8.6772 of the shares totaling 23.39 million with a market value of $32.05 million.
Pacific Biosciences of California Inc (PACB) Insider Activity
The most recent transaction is an insider sale by Kim Susan G. SEC filings show that Kim Susan G. sold 19,782 shares of the company’s common stock on Sep 30 ’24 at a price of $1.72 per share for a total of $34065.0. Following the sale, the insider now owns 0.7 million shares.
Still, SEC filings show that on Sep 16 ’24, HENRY CHRISTIAN O () disposed off 98,907 shares at an average price of $1.75 for $0.17 million. The insider now directly holds 2,497,763 shares of Pacific Biosciences of California Inc (PACB).
