Recent developments with Pacific Biosciences of California Inc. (PACB) have led to the company’s beta value being reach 1.55 cents.

Pacific Biosciences of California Inc. (NASDAQ: PACB) on June 21, 2022, started off the session at the price of $4.40, soaring 8.73% from the previous trading day. During the day, the shares moved up to $4.74 and dropped to $4.36 before settling in for the closing price of $4.24. Within the past 52 weeks, PACB’s price has moved between $3.85 and $36.36.

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Annual sales at Healthcare sector company grew by 7.50% over the past five years. The company achieved an average annual earnings per share of -628.30%. With a float of $204.82 million, this company’s outstanding shares have now reached $222.29 million.

Let’s look at the performance matrix of the company that is accounted for 728 employees. In terms of profitability, gross margin is +45.04, operating margin of -136.51, and the pretax margin is -210.61.

Pacific Biosciences of California Inc. (PACB) Insider and Institutional Ownership

Observing investor behavior towards Diagnostics & Research industry stocks is more important than anything else. The insider ownership of Pacific Biosciences of California Inc. is 0.70%, while institutional ownership is 95.40%. The most recent insider transaction that took place on May 18, was worth 19,819. In this transaction of this company sold 3,573 shares at a rate of $5.55, taking the stock ownership to the 60,354 shares. Before that another transaction happened on Feb 17, when Company’s Chief Financial Officer sold 1,062 for $11.06, making the entire transaction worth $11,746. This insider now owns 134,966 shares in total.

Pacific Biosciences of California Inc. (PACB) Latest Financial update

As on 3/30/2022, Multinational firm has announced its last quarter scores, in which it reported -$0.37 earnings per share (EPS) for the period falling under the consensus outlook (set at -$0.31) by -$0.06. This company achieved a net margin of -138.85 while generating a return on equity of -32.18. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.32 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -628.30% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -1.00% during the next five years compared to -1.30% drop over the previous five years of trading.

Pacific Biosciences of California Inc. (NASDAQ: PACB) Trading Performance Indicators

Pacific Biosciences of California Inc. (PACB) is currently performing well based on its current performance indicators. A quick ratio of 16.40 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.34.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.81, a number that is poised to hit -0.34 in the next quarter and is forecasted to reach -1.27 in one year’s time.

Technical Analysis of Pacific Biosciences of California Inc. (PACB)

Pacific Biosciences of California Inc. (NASDAQ: PACB) saw its 5-day average volume 7.0 million, a positive change from its year-to-date volume of 6.31 million. As of the previous 9 days, the stock’s Stochastic %D was 42.81%. Additionally, its Average True Range was 0.48.

During the past 100 days, Pacific Biosciences of California Inc.’s (PACB) raw stochastic average was set at 8.66%, which indicates a significant decrease from 39.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 92.40% in the past 14 days, which was lower than the 101.73% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $5.89, while its 200-day Moving Average is $15.65. Nevertheless, the first resistance level for the watch stands at $4.78 in the near term. At $4.95, the stock is likely to face the second major resistance level. The third major resistance level sits at $5.16. If the price goes on to break the first support level at $4.40, it is likely to go to the next support level at $4.19. The third support level lies at $4.02 if the price breaches the second support level.

Pacific Biosciences of California Inc. (NASDAQ: PACB) Key Stats

Market capitalization of the company is 988.11 million based on 224,383K outstanding shares. Right now, sales total 130,510 K and income totals -181,220 K. The company made 33,170 K in profit during its latest quarter, and -81,500 K in sales during its previous quarter.


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