How Do Pacific Biosciences of California Inc (NASDAQ:PACB)’s Fundamentals Affect Performance

The price of Pacific Biosciences of California Inc (NASDAQ:PACB) shares last traded on Wall Street fell -7.76% to $2.02.

PACB stock price is now -27.13% away from the 50-day moving average and -70.93% away from the 200-day moving average. The market capitalization of the company currently stands at $550.17M.

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On April 18, 2024, Goldman Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $7 to quote $2.50, while ‘Stephens’ rates the stock as ‘Overweight’

In other news, Meline David W, Director bought 40,000 shares of the company’s stock on Mar 06 ’24. The stock was bought for $176,160 at an average price of $4.40. Upon completion of the transaction, the Director now directly owns 40,000 shares in the company, valued at $80800.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 04 ’24, HENRY CHRISTIAN O sold 14,177 shares of the business’s stock. A total of $69,056 was realized by selling the stock at an average price of $4.87. This leaves the insider owning 2,596,670 shares of the company worth $5.25 million. A total of 3.58% of the company’s stock is owned by insiders.

During the past 12 months, Pacific Biosciences of California Inc has had a low of $1.25 and a high of $14.55. 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.

According to the Medical Devices Company, earnings per share came in at -0.28, beating analysts’ expectations of -0.32 by 0.04. This compares to -$0.36 EPS in the same period last year. 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. For the current quarter, analysts expect PACB to generate $41.72M in revenue.

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