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NASDAQ:PACB

Pacific Biosciences of California (PACB) Stock Price, News & Analysis

$2.13
+0.23 (+12.07%)
(As of 07/26/2024 ET)
Today's Range
$1.96
$2.18
50-Day Range
$1.20
$2.18
52-Week Range
$1.16
$13.70
Volume
13.88 million shs
Average Volume
9.92 million shs
Market Capitalization
$581.48 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.38

Pacific Biosciences of California MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.53 Rating Score
Upside/​Downside
198.6% Upside
$6.38 Price Target
Short Interest
Bearish
22.65% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.49mentions of Pacific Biosciences of California in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$10,708 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.91) to ($0.75) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.27 out of 5 stars

Medical Sector

736th out of 936 stocks

Analytical Instruments Industry

24th out of 27 stocks

PACB stock logo

About Pacific Biosciences of California Stock (NASDAQ:PACB)

Pacific Biosciences of California, Inc. designs, develops, and manufactures sequencing solution to resolve genetically complex problems. The company provides sequencing systems; consumable products, including single molecule real-time (SMRT) technology; long-red sequencing; and various reagent kits designed for specific workflow, such as preparation kit to convert DNA into SMRTbell double-stranded DNA library formats, including molecular biology reagents, such as ligase, buffers, and exonucleases. It also offers binding kits, such as modified DNA polymerase used to bind SMRTbell libraries to the polymerase in preparation for sequencing; and sequencing kits comprise reagents required for on-instrument, real-time sequencing, including the phospholinked nucleotides. In addition, it provides revio system + sequel systems which conduct, monitor, and analyze single-molecule biochemical reactions in real time; SBB short-read sequencing; onso instrument conducts, monitors, and analyzes SBB biochemical reactions; and SBB consumable, including flow cells, clustering, and sequencing reagent kits. The company serves academic and governmental research institutions; commercial testing and service laboratories; genome centers; public health labs, hospitals and clinical research institutes, and contract research organizations; pharmaceutical companies; and agricultural companies. It markets its products through a sales force and distribution partners in Asia, Australia, Europe, the Middle East, Africa, and Latin America. It has a development and commercialization agreement with Invitae Corporation; and a collaboration with Radboud University Medical to explore genetic causes of rare and genetic diseases. The company was formerly known as Nanofluidics, Inc. and changed its name to Pacific Biosciences of California, Inc. in 2005. Pacific Biosciences of California, Inc. was incorporated in 2000 and is headquartered in Menlo Park, California.

PACB Stock Price History

PACB Stock News Headlines

research and developement concept background scientist or reseacher using microscope in biotechnology laboratory  overlay with DNA strand and molecules symbo; . concept of DNA engineering
Strategic Buy Lights Up This Biotech Stock: Time to Invest? (PACB)
Life sciences company Illumina Inc. (NASDAQ: ILMN) stock surged over 10% following its announcement of the acquisition of Fluent Biosciences.
New trading system called MSFT, NVDA & MSFT
Look 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.
New trading system called MSFT, NVDA & MSFT
Look 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.
See More Headlines
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Company Calendar

Last Earnings
5/09/2024
Today
7/26/2024
Next Earnings (Confirmed)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Analytical instruments
Sub-Industry
Life Sciences Tools & Services
Current Symbol
NASDAQ:PACB
CUSIP
69404D10
Employees
796
Year Founded
2004

Price Target and Rating

Average Stock Price Target
$6.38
High Stock Price Target
$15.00
Low Stock Price Target
$2.00
Potential Upside/Downside
+198.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.53
Research Coverage
15 Analysts

Profitability

Net Income
$-306,730,000.00
Net Margins
-148.13%
Pretax Margin
-153.83%

Debt

Sales & Book Value

Annual Sales
$200.43 million
Book Value
$2.62 per share

Miscellaneous

Free Float
267,181,000
Market Cap
$581.48 million
Optionable
Optionable
Beta
2.05

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Key Executives

  • Mr. Christian O. Henry M.B.A. (Age 56)
    President, CEO & Director
    Comp: $1.41M
  • Ms. Susan G. KimMs. Susan G. Kim (Age 48)
    Chief Financial Officer
    Comp: $687.17k
  • Mr. Mark Van Oene (Age 51)
    Chief Operating Officer
    Comp: $935.64k
  • Mr. Jeff Eidel (Age 47)
    Chief Commercial Officer
    Comp: $701.62k
  • Dr. Stephen Turner Ph.D. (Age 56)
    Co-Founder
    Comp: $341.25k
  • Ms. Michele Farmer CPA (Age 44)
    VP & Chief Accounting Officer
  • Trevin Rard
    Head of Investor Relations
  • Dr. Brett Atkins J.D.
    Ph.D., General Counsel & Corporate Secretary
  • Ms. Natalie Welch
    Chief People Officer
  • Dr. Denis Zaccarin Ph.D. (Age 58)
    Senior Vice President of Research & Development
    Comp: $510.77k

PACB Stock Analysis - Frequently Asked Questions

How have PACB shares performed this year?

Pacific Biosciences of California's stock was trading at $9.81 at the start of the year. Since then, PACB stock has decreased by 78.2% and is now trading at $2.1350.
View the best growth stocks for 2024 here
.

How were Pacific Biosciences of California's earnings last quarter?

Pacific Biosciences of California, Inc. (NASDAQ:PACB) posted its quarterly earnings results on Thursday, May, 9th. The biotechnology company reported ($0.26) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.26). The biotechnology company earned $38.81 million during the quarter, compared to the consensus estimate of $38.78 million. Pacific Biosciences of California had a negative net margin of 148.13% and a negative trailing twelve-month return on equity of 40.26%.

What is Christian Henry's approval rating as Pacific Biosciences of California's CEO?

2 employees have rated Pacific Biosciences of California Chief Executive Officer Christian Henry on Glassdoor.com. Christian Henry has an approval rating of 100% among the company's employees. This puts Christian Henry in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Does Pacific Biosciences of California have any subsidiaries?

Pacific Biosciences of California subsidiaries include these companies: Circulomics, Omniome, PacBio Singapore PTE Limited, Pacific Biosciences Canada Limited, Pacific Biosciences Germany GmbH, Pacific Biosciences Japan GK, Pacific Biosciences (Shanghai) Co. Ltd., Pacific Biosciences UK Limited, and Pacific Biosciences International LLC.

Who are Pacific Biosciences of California's major shareholders?

Top institutional investors of Pacific Biosciences of California include ARK Investment Management LLC (12.19%), Sumitomo Mitsui Trust Holdings Inc. (4.64%), Bank of New York Mellon Corp (3.65%) and Assenagon Asset Management S.A. (0.48%). Insiders that own company stock include Oene Mark Van, Susan G Kim, Michele Farmer, William W Ericson, Kathy Ordonez and Peter Fromen.
View institutional ownership trends
.

How do I buy shares of Pacific Biosciences of California?

Shares of PACB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Pacific Biosciences of California own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Pacific Biosciences of California investors own include Pfizer (PFE), Gilead Sciences (GILD), Illumina (ILMN), Novavax (NVAX), Advanced Micro Devices (AMD), AT&T (T) and Inovio Pharmaceuticals (INO).

This page (NASDAQ:PACB) was last updated on 7/26/2024 by MarketBeat.com Staff

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