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NASDAQ:PACBPacific Biosciences of California Stock Price, Forecast & News

$2.65
-0.24 (-8.30 %)
(As of 04/3/2020 04:00 PM ET)
Add
Compare
Today's Range
$2.54
Now: $2.65
$2.92
50-Day Range
$2.36
MA: $3.50
$4.57
52-Week Range
$2.20
Now: $2.65
$7.50
Volume1.47 million shs
Average Volume2.76 million shs
Market Capitalization$405.81 million
P/E RatioN/A
Dividend YieldN/A
Beta1.87
Pacific Biosciences of California, Inc. designs, develops, and manufactures sequencing systems to resolve genetically complex problems. The company's single molecule real-time (SMRT) sequencing technology enables single molecule real-time detection of biological processes. It offers PacBio RS II and Sequel Systems that conducts, monitors, and analyzes single molecule biochemical reactions in real time. The company also provides consumable products, including SMRT cells, as well as various reagent kits, such as template preparation, binding, and sequencing kits. Its customers include research institutions; commercial laboratories; genome centers; clinical, government, and academic institutions; genomics service providers; pharmaceutical companies; and agricultural companies. The company markets its products through a direct sales force in North America and Europe, as well as primarily through distribution partners in Asia, the Middle East, Africa, and Latin America. The company was formerly known as Nanofluidics, Inc. Pacific Biosciences of California, Inc. was founded in 2000 and is headquartered in Menlo Park, California.
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Pacific Biosciences of California logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.46 out of 5 stars


Industry, Sector and Symbol

Industry Analytical instruments
Sub-IndustryLife Sciences Tools & Services
SectorMedical
Current SymbolNASDAQ:PACB
CUSIP69404D10
Phone650-521-8000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$90.89 million
Book Value$0.36 per share

Profitability

Net Income$-84,130,000.00

Miscellaneous

Employees401
Market Cap$405.81 million
Next Earnings Date5/1/2020 (Estimated)
OptionableOptionable

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Pacific Biosciences of California (NASDAQ:PACB) Frequently Asked Questions

How has Pacific Biosciences of California's stock been impacted by COVID-19 (Coronavirus)?

Pacific Biosciences of California's stock was trading at $3.44 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PACB stock has decreased by 23.0% and is now trading at $2.65. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Pacific Biosciences of California?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pacific Biosciences of California in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Pacific Biosciences of California.

When is Pacific Biosciences of California's next earnings date?

Pacific Biosciences of California is scheduled to release its next quarterly earnings announcement on Friday, May 1st 2020. View our earnings forecast for Pacific Biosciences of California.

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

Pacific Biosciences of California (NASDAQ:PACB) announced its quarterly earnings results on Thursday, November, 7th. The biotechnology company reported ($0.19) EPS for the quarter, missing the Zacks' consensus estimate of ($0.15) by $0.04. The biotechnology company had revenue of $21.92 million for the quarter, compared to analyst estimates of $28.02 million. Pacific Biosciences of California had a negative return on equity of 121.70% and a negative net margin of 92.57%. View Pacific Biosciences of California's earnings history.

What price target have analysts set for PACB?

2 equities research analysts have issued 1 year price targets for Pacific Biosciences of California's shares. Their forecasts range from $5.00 to $7.00. On average, they expect Pacific Biosciences of California's share price to reach $6.00 in the next year. This suggests a possible upside of 126.4% from the stock's current price. View analysts' price targets for Pacific Biosciences of California.

What are Wall Street analysts saying about Pacific Biosciences of California stock?

Here are some recent quotes from research analysts about Pacific Biosciences of California stock:
  • 1. According to Zacks Investment Research, "Pacific Biosciences has been gaining ground in the MedTech space on strong Sequel performance. The company’s product revenues also shot up in recent times. Meanwhile, one of Pacific Biosciences’ biggest rival — Illumina — recently announced the termination of the formerly announced $1.20 billion-merger agreement. Per management, Illumina will be paying Pacific Biosciences a termination fee of $98 million. Expansion in gross margin in recent times is also a positive. On the flip side, significant rise in operating expenses remains concerning. The company’s loss per share remained flat year over year. The DNA sequencing market is fraught with competition. The stock has underperformed its industry in a year’s time and is overvalued at the moment." (1/7/2020)
  • 2. Cantor Fitzgerald analysts commented, "We think PACB’s long-read next-generation sequencing platform is the industry standard for deep genomic analysis in human, plant, and animal genomes, as well as RNA. The company has seen mixed revenue performance over the past three years, but we think PACB is getting close to an inflection point, which we think the Street is missing. We see the path to revenue acceleration as multifactorial. These include the launch of its 8 million ZMW SMRT cell, increased penetration of the plant and animal sequencing market, and significant sequencing cost reduction per human genome enabling PACB to become a more mainstream player in human genomics." (5/3/2019)

Has Pacific Biosciences of California been receiving favorable news coverage?

News coverage about PACB stock has been trending very negative on Friday, InfoTrie Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Pacific Biosciences of California earned a news impact score of -3.3 on InfoTrie's scale. They also gave news stories about the biotechnology company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutPacific Biosciences of California.

Are investors shorting Pacific Biosciences of California?

Pacific Biosciences of California saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 21,266,400 shares, an increase of 19.1% from the February 27th total of 17,860,000 shares. Based on an average trading volume of 2,755,100 shares, the short-interest ratio is presently 7.7 days. Currently, 15.3% of the company's stock are short sold. View Pacific Biosciences of California's Current Options Chain.

Who are some of Pacific Biosciences of California's key competitors?

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Pacific Biosciences of California investors own include Novavax (NVAX), Illumina (ILMN), Crispr Therapeutics (CRSP), Sangamo Therapeutics (SGMO), Gilead Sciences (Gild), FireEye (FEYE), Advanced Micro Devices (AMD), Amarin (AMRN), Micron Technology (MU) and CenterPoint Energy (CNP).

Who are Pacific Biosciences of California's key executives?

Pacific Biosciences of California's management team includes the following people:
  • Dr. Michael W. Hunkapiller, Exec. Chairman, CEO & Pres (Age 70)
  • Ms. Susan K. Barnes, Exec. VP & CFO (Age 65)
  • Mr. James Michael Phillips, Sr. VP of R&D (Age 68)
  • Dr. Stephen Turner, Co-Founder & CTO (Age 51)
  • Dr. Jonas Korlach Ph.D., Chief Scientific Officer

What is Pacific Biosciences of California's stock symbol?

Pacific Biosciences of California trades on the NASDAQ under the ticker symbol "PACB."

How do I buy shares of Pacific Biosciences of California?

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

What is Pacific Biosciences of California's stock price today?

One share of PACB stock can currently be purchased for approximately $2.65.

How big of a company is Pacific Biosciences of California?

Pacific Biosciences of California has a market capitalization of $405.81 million and generates $90.89 million in revenue each year. The biotechnology company earns $-84,130,000.00 in net income (profit) each year or ($0.55) on an earnings per share basis. Pacific Biosciences of California employs 401 workers across the globe. View additional information about Pacific Biosciences of California.

What is Pacific Biosciences of California's official website?

The official website for Pacific Biosciences of California is http://www.pacb.com/.

How can I contact Pacific Biosciences of California?

Pacific Biosciences of California's mailing address is 1305 O`BRIEN DRIVE, MENLO PARK CA, 94025. The biotechnology company can be reached via phone at 650-521-8000 or via email at [email protected]

This page was last updated on 4/3/2020 by MarketBeat.com Staff

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