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The closing price of Pacific Biosciences of California Inc (NASDAQ: PACB) was $2.10 for the day, up 2.44% from the previous closing price of $2.05. In other words, the price has increased by $2.44 from its previous closing price. On the day, 8.55 million shares were traded. PACB stock price reached its highest trading level at $2.16 during the session, while it also had its lowest trading level at $1.9607.
Ratios:
Our analysis of PACB’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 7.14 and its Current Ratio is at 8.01. In the meantime, Its Debt-to-Equity ratio is 1.88 whereas as Long-Term Debt/Eq ratio is at 1.85.
Goldman Downgraded its Buy to Neutral on April 18, 2024, whereas the target price for the stock was revised from $7 to $2.50.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 30 ’24 when Kim Susan G. sold 19,782 shares for $1.72 per share. The transaction valued at 34,065 led to the insider holds 695,654 shares of the business.
SUSAN KIM bought 19,782 shares of PACB for $34,061 on Sep 30 ’24. On Sep 16 ’24, another insider, HENRY CHRISTIAN O, who serves as the insider of the company, sold 98,907 shares for $1.75 each. As a result, the insider received 172,692 and left with 2,497,763 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PACB now has a Market Capitalization of 572310848 and an Enterprise Value of 987459776. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.03 while its Price-to-Book (P/B) ratio in mrq is 1.16. Its current Enterprise Value per Revenue stands at 5.228 whereas that against EBITDA is -3.689.
Stock Price History:
Over the past 52 weeks, PACB has reached a high of $10.65, while it has fallen to a 52-week low of $1.16. The 50-Day Moving Average of the stock is 27.92%, while the 200-Day Moving Average is calculated to be -32.10%.
Shares Statistics:
PACB traded an average of 9.21M shares per day over the past three months and 8522610 shares per day over the past ten days. A total of 267.74M shares are outstanding, with a floating share count of 259.36M. Insiders hold about 4.83% of the company’s shares, while institutions hold 84.02% stake in the company. Shares short for PACB as of 1727654400 were 51642651 with a Short Ratio of 5.61, compared to 1724976000 on 61026467. Therefore, it implies a Short% of Shares Outstanding of 51642651 and a Short% of Float of 21.83.
