Pacific Biosciences of California Inc (NASDAQ:PACB) shares traded 2.78% higher at $1.85 on Wall Street last session.
PACB stock price is now 6.99% away from the 50-day moving average and -63.26% away from the 200-day moving average. The market capitalization of the company currently stands at $503.87M.
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, while ‘Goldman’ rates the stock as ‘Neutral’
In other news, Farmer Michele, insider sold 5,275 shares of the company’s stock on May 20 ’24. The stock was sold for $10,708 at an average price of $2.03. Upon completion of the transaction, the insider now directly owns 211,941 shares in the company, valued at $0.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 06 ’24, Director Meline David W bought 40,000 shares of the business’s stock. A total of $176,160 was incurred on buying the stock at an average price of $4.40. This leaves the insider owning 40,000 shares of the company worth $74000.0. A total of 3.03% of the company’s stock is owned by insiders.
During the past 12 months, Pacific Biosciences of California Inc has had a low of $1.16 and a high of $13.70. As of last week, the company has a debt-to-equity ratio of 1.44, a current ratio of 9.28, and a quick ratio of 8.36. The fifty day moving average price for PACB is $1.7322 and a two-hundred day moving average price translates $5.00415 for the stock.
The latest earnings results from Pacific Biosciences of California Inc (NASDAQ: PACB) was released for 2024-03-31. The net profit margin was -148.13% and return on equity was -44.28% for PACB. The company reported revenue of $38.81 million for the quarter, compared to $38.9 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.23 percent.
