In yesterday’s Wall Street session, Pacific Biosciences of California Inc (NASDAQ:PACB) shares traded at $1.49, up 4.20% from the previous session.
PACB stock price is now -11.62% away from the 50-day moving average and -67.38% away from the 200-day moving average. The market capitalization of the company currently stands at $406.07M.
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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 $0.32 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 $59600.0. 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 $11.95. As of last week, the company has a debt-to-equity ratio of 1.88, a current ratio of 8.01, and a quick ratio of 7.14. The fifty day moving average price for PACB is $1.6802 and a two-hundred day moving average price translates $4.5417 for the stock.
The latest earnings results from Pacific Biosciences of California Inc (NASDAQ: PACB) was released for 2024-06-30. The net profit margin was -211.99% and return on equity was -70.57% for PACB. The company reported revenue of $36.01 million for the quarter, compared to $47.57 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -24.3 percent.
