Are Analysts Too Bullish On Pacific Biosciences of California Inc (PACB)

Pacific Biosciences of California Inc (NASDAQ:PACB) currently has a daily average trading volume of 9.60M but it saw 7646916 shares traded in last market. With a market cap of 528.56M USD, the company’s current market price of $1.93 came rising about 4.32 while comparing to the previous closing price of $1.85. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.65 and as low as $1.16. In the recent trading on the day, stock has struck highest price mark of $1.82 while lowest mark touched by it was $1.95.

Taking a look at 20-day trading activity of Pacific Biosciences of California Inc (PACB) gives us an average price of $1.9653, while its current price level is -81.88% below from 52-week high level whereas it is 66.38% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.0008 while that of 200 days or SMA-200 reads an average of $2.0329. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.70% during that period while stretching the period over a month that increases to 9.93%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 47.96 which implies that the stock is in neutral territory.

Over the week, PACB’s stock price is moving -5.62% down while it is 12.21% when we observe its performance for the past one month. Year-to-date it is -80.33% down and over the past year, the stock is showing a downside performance of -81.00%.

Currently, Pacific Biosciences of California Inc’s total number of outstanding shares is 273.81M. Company’s return on investment (ROI) stands at -28.92% and return on equity (ROE) at -64.80%. Stock’s beta reads 1.94. Stock has a price to book (P/B) ratio of 1.17 while price to sale or P/S ratio amounts to 3.05. Its return on asset (ROA) is -23.55% on average.