Pacific Biosciences of California Inc. (NASDAQ:PACB) has a beta of 1.18, a 12-month trailing P/E ratio of 704.69. The stock’s Relative Strength Index (RSI) is 53.22, with weekly volatility at 8.63% and ATR at 3.49. The PACB stock’s 52-week price range has touched low of $2.54 and a $53.69 high. Its shares traded higher over the last trading session, gaining 2.10% on 04/05/21. The shares fell to a low of $34.23 before closing at $34.53. Intraday shares traded counted 1.88 million, which was 62.54% higher than its 30-day average trading volume of 5.03M. PACB’s previous close was $33.82 while the outstanding shares total 186.16M.
Investors have identified the Diagnostics & Research company Pacific Biosciences of California Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $6.57 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Pacific Biosciences of California Inc. (PACB) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 355.59 million total, with 38.5 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record -0.62 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on PACB sounds very interesting.
Is the stock of PACB attractive?
In related news, Director, Hunkapiller Michael sold 234,246 shares of the company’s stock in a transaction that recorded on Feb 26. The sale was performed at an average price of 31.02, for a total value of 7,265,866. As the sale deal closes, the Director, Hunkapiller Michael now sold 339,377 shares of the company’s stock, valued at 10,972,944. Also, Director, Hunkapiller Michael sold 266,427 shares of the company’s stock in a deal that was recorded on Feb 24. The shares were price at an average price of 36.80 per share, with a total market value of 9,805,281. Following this completion of acquisition, the Director, Hunkapiller Michael now holds 373,321 shares of the company’s stock, valued at 13,022,317. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.20%.
3 out of 5 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on Pacific Biosciences of California Inc.. 0 analysts has assigned a Sell rating on the PACB stock. The 12-month mean consensus price target for the company’s shares has been set at $51.50.