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How to Buy Pacific Biosciences Of California Stock

Pacific Biosciences Of California Inc

Pacific Biosciences of California, Inc. designs, develops, and manufactures sequencing systems to resolve genetically complex problems.

Pacific Biosciences Of California stock last closed at $2.18, up 34.26% from the previous day, and has decreased 84.39% in one year. It has underperformed other stocks in the Medical Devices industry by 0.63 percentage points. Pacific Biosciences Of California stock is currently +87.5% from its 52-week low of $1.16, and -85.05% from its 52-week high of $14.55.

At the moment, there are 272.36M PACB shares outstanding. The market capitalization of PACB is $592.37M. In the past 24 hours, 38.61M PACB shares were traded.

How to Buy Pacific Biosciences Of California Stock

Wondering how to invest in Pacific Biosciences Of California stock? Here's how.
  1. Choose where to buy Pacific Biosciences Of California stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you decide where to buy Pacific Biosciences Of California stock.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Deposit funds into your investment account: Choose your payment method and add your details.
  4. Analyze Pacific Biosciences Of California stock: The Pacific Biosciences Of California ticker symbol is PACB. Is Pacific Biosciences Of California stock a good investment? Should you buy shares of PACB? How do PACB's underlying business fundamentals look? Do top analysts think Pacific Biosciences Of California is a good buy? Why has PACB's stock price moved recently? (Hint: Our stock market research tools can help you figure out if PACB is a good stock to buy).
  5. Place your PACB purchase: Decide if you will purchase PACB shares at the current market price or use a limit order to purchase PACB stock at a given price.
  6. Keep an eye on your investment in PACB: Create a watchlist to track your position in Pacific Biosciences Of California stock.

Step 1: Choose where to buy Pacific Biosciences Of California stock

You need a brokerage account to access the NASDAQ market and buy PACB stock.

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Step 2: Create a brokerage account

Now that you've picked the best brokerage, the next step is to fill out some personal details so you can invest in PACB stock today.

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Step 3: Deposit funds into your investment account

Now that you've created your account on the greatest app to buy stocks, you can securely and quickly fund your account:

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Step 4: Analyze Pacific Biosciences Of California stock

After you have selected the best place to buy Pacific Biosciences Of California stock, it's critical to analyze their stock prior to investing, so you actually understand the risk and opportunity.

Pacific Biosciences Of California Metrics

PACB Price
$2.18
1w %
66.03%
1y %
-84.39%
5y %
-63.14%
P/E
-1.91x
P/B
0.91x
P/S
2.93x
PEG
N/A
Revenue
$200.43M
Earnings
-$296.90M
Fore. Rev. Growth
10.55%
Fore. Earn. Growth
N/A
Market Cap
$592.37M
Next Earnings
Jul 31, 2024
Next Dividend
N/A

Pacific Biosciences Of California Fundamentals

WallStreetZen was created to help everyday investors perform more in-depth fundamental analysis quickly.

You can view all of the due diligence checks on PACB's stock page.

Is PACB stock undervalued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge PACB's intrinsic value.

Using relative valuations methods:

  • PACB could be undervalued based on its P/B ratio of 0.91x, relative to Medical Devices industry P/B ratio of 3.89x

You can do additional valuation research on PACB's stock here.

PACB Financial Health Summary

Positive Health Checks:

  • PACB has cash burn of 249165000. It has sufficient cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than short-term liabilities on the PACB balance sheet.

Negative Health Checks:

  • Total PACB debt is higher than 5 years ago, relative to shareholder equity.
  • There are more long-term liabilities than short-term assets on the PACB balance sheet.
  • PACB has $562.21M in cash and short term investments. This is not sufficient to cover its annual cash burn of $249.17M.
  • PACB profit margin has gone up by 0.91 percentage points in the past year, but the company is still unprofitable.
  • PACB has a relatively high debt to equity ratio of 1.57.

Is it a good time to buy Pacific Biosciences Of California stock, according to Wall Street analysts?

Out of 9 Wall Street analysts who research PACB, the consensus analyst rating on PACB is a Buy

Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.

Most Recent PACB Analyst Ratings

Eve Burstein, a bottom 29% analyst from Bernstein maintains PACB with a buy rating and lowers their PACB price target from $9.00 to $2.50, on Apr 18, 2024.

Sung Ji Nam, a bottom 16% analyst from ScotiaBank maintains PACB with a buy rating and lowers their PACB price target from $15.00 to $8.00, on Apr 18, 2024.

ScotiaBank's Sung Ji Nam lowered their price target on Pacific Biosciences Of California (NASDAQ: PACB) by 46.7% from $15 to $8 on 2024/04/18. The analyst maintained their Buy rating on the stock.

Pacific Biosciences Of California's preliminary quarterly results were "disappointing," with management attributing the shortfall to customers delaying instrument purchases, the analyst said after reviewing the company's Q1 2024 preannouncement.

Management saw underperformance across all regions and lowered its FY 2024 revenue guidance, Ji Nam detailed.

Footnotes

For Q1 2024, Pacific Biosciences Of California reported:

  • Revenue of $38.8M, down 0.26% Y/Y.
  • 28 Revio shipments.
  • Consumable revenue of $16.0M, up 14.3% Y/Y.
  • Cash, cash equivalents, and investments $562M.

For FY 2024, management guided:

  • Revenue of $170M to $200M. 
  • Revio shipments of 120 systems. 
  • Consumable revenue of $80M.
  • Consumable pull-through on the Revio system of $290,000 per system. 
  • Cash, cash equivalents, and investments of $435M to $450M.

Dan Brennan, a top 24% analyst from TD Cowen maintains PACB with a strong buy rating and lowers their PACB price target from $12.00 to $2.50, on Apr 17, 2024.

John Sourbeer, a bottom 3% analyst from UBS maintains PACB with a strong buy rating and lowers their PACB price target from $12.50 to $12.00, on Feb 16, 2024.

You can dive deeper into what analysts are projecting on the Pacific Biosciences Of California stock forecast page.

PACB Technical Indicators

SMA10
1.48
SMA20
1.47
SMA50
1.73
SMA100
2.57
SMA200
5.16
MACD
-0.02
MACD Signal
-0.11
MACD Histogram
0.09
RSI
69.64
Stochastic %K
88.37
Stochastic %D
79.34
StochRSI %K
96.43
StochRSI %D
94.99

PACB Performance Numbers

Last year, PACB revenue was $200.43M. During the last five year, PACB's revenue has grown by 21.5% per year. This was faster than the Medical Devices industry average of 11.7%.

Learn more about PACB's earnings and revenue performance here.

What are PACB insiders up to?

In the last year, executives and large shareholders at PACB have sold more shares than they have bought.

Michele Farmer, Chief Accounting Officer of PACB, was the latest PACB insider to sell. They sold $10,708.25 worth of PACB shares on May 20, 2024.

Research more about who owns PACB shares here.

Can I rely on PACB as an income stream?

No, Pacific Biosciences Of California doesn't provide an income stream by paying out dividends.

PACB Social Trading Data

One of the major reasons eToro is our top-rated brokerage is because of its social trading community.

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Step 5: Place your PACB purchase

There are two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are mostly the best for newer investors.
  • Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at a particular dollar amount limit, use a limit order.

Hit the Open button and eToro will place the order.

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Step 6: Keep an eye on your investment in PACB

Now that you own some PACB stock, you'll want to stay up-to-date on your investment.

Start a watchlist to keep tabs on your PACB stock.

PACB Feed

How to Buy Stock in Pacific Biosciences Of California

To summarize, here are the 6 steps to buy Pacific Biosciences Of California stock:

  1. Choose where to buy Pacific Biosciences Of California stock
  2. Create a brokerage account
  3. Deposit funds into your investment account
  4. Analyze Pacific Biosciences Of California stock
  5. Place your PACB purchase
  6. Keep an eye on your investment in PACB

If you require a brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep track of your new investment in Pacific Biosciences Of California, add PACB to your watchlist below.

NASDAQ: PACB
$2.18+0.56 (+34.26%)
Updated Jul 16, 2024
Open eToro Account
NASDAQ: PACB
$2.18+0.56 (+34.26%)
Updated Jul 16, 2024
Open eToro Account

FAQ

How much does it cost to buy one Pacific Biosciences Of California share?

As of Jul 16, 2024, it costs $2.18 to buy one share of Pacific Biosciences Of California stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $1, you can buy 0.46 shares of PACB.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Pacific Biosciences Of California stock?

According to 9 Wall Street analysts who monitor Pacific Biosciences Of California, their consensus recommendation is to buy Pacific Biosciences Of California stock.

What is the best way to buy Pacific Biosciences Of California stock?

One way to place an order for Pacific Biosciences Of California stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.