Stock Market Recap: Pacific Biosciences of California Inc (PACB) Concludes at 1.47, a -6.37 Surge/Decline

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After finishing at $1.57 in the prior trading day, Pacific Biosciences of California Inc (NASDAQ: PACB) closed at $1.47, down -6.37%. In other words, the price has decreased by -$6.37 from its previous closing price. On the day, 10.69 million shares were traded. PACB stock price reached its highest trading level at $1.61 during the session, while it also had its lowest trading level at $1.46.


Our goal is to gain a better understanding of PACB by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 8.36 and its Current Ratio is at 9.28. In the meantime, Its Debt-to-Equity ratio is 1.44 whereas as Long-Term Debt/Eq ratio is at 1.42.

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:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 20 ’24 when Farmer Michele sold 5,275 shares for $2.03 per share. The transaction valued at 10,708 led to the insider holds 211,941 shares of the business.

Meline David W bought 40,000 shares of PACB for $176,160 on Mar 06 ’24. The Director now owns 40,000 shares after completing the transaction at $4.40 per share. On Mar 04 ’24, another insider, HENRY CHRISTIAN O, who serves as the insider of the company, sold 14,177 shares for $4.87 each. As a result, the insider received 69,056 and left with 2,596,670 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 400363328 and an Enterprise Value of 769815168. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.00 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at 3.841 whereas that against EBITDA is -2.725.

Stock Price History:

Over the past 52 weeks, PACB has reached a high of $14.55, while it has fallen to a 52-week low of $1.25. The 50-Day Moving Average of the stock is -22.33%, while the 200-Day Moving Average is calculated to be -75.03%.

Shares Statistics:

The stock has traded on average 10.30M shares per day over the past 3-months and 6539820 shares per day over the last 10 days, according to various share statistics. A total of 267.74M shares are outstanding, with a floating share count of 264.29M. Insiders hold about 2.96% of the company’s shares, while institutions hold 92.33% stake in the company. Shares short for PACB as of 1715731200 were 56581081 with a Short Ratio of 5.27, compared to 1713139200 on 48520230. Therefore, it implies a Short% of Shares Outstanding of 56581081 and a Short% of Float of 23.93.

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