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Pacific Biosciences Of California Already 6% Down, Almost Two Hours Before The Market Open

ViaNews Editorial Team

February 21, 2023

Pacific Biosciences Of California Already 6% Down, Almost Two Hours Before The Market Open

(VIANEWS) - The NASDAQ opens in less than two hours and Pacific Biosciences of California's pre-market value is already 6.12% down.

Pacific Biosciences of California's last close was $10.45, 26.41% below its 52-week high of $14.20.

The last session, NASDAQ ended with Pacific Biosciences of California (PACB) sliding 3.24% to $10.45. NASDAQ fell 0.58% to $11,787.27, after two successive sessions in a row of losses, on what was a somewhat down trend exchanging session.

About Pacific Biosciences of California

Pacific Biosciences of California, Inc. designs, develops, and manufactures sequencing systems to resolve genetically complex problems. The company provides PacBio's Systems, which conduct, monitor, and analyse biochemical sequencing reactions; consumable products, including single molecule real-time (SMRT) cells; and various reagent kits designed for specific workflow, such as template 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. The company serves research institutions; commercial laboratories; genome centers; public health labs, hospitals and clinical research institutes, contract research organizations, and academic institutions; pharmaceutical companies; and agricultural companies. It markets its products through a direct sales force in North America and Europe, as well as through distribution partners in Asia, Europe, the Middle East, Africa, and Latin America. Pacific Biosciences of California, Inc. has a development and commercialization agreement with Invitae Corporation. 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.

Earnings Per Share

As for profitability, Pacific Biosciences of California has a trailing twelve months EPS of $-0.34.

The company's return on equity, which measures the profitability of a business relative to shareholder's equity, for the twelve trailing months is negative -40.78%.

Revenue Growth

Year-on-year quarterly revenue growth declined by 7.4%, now sitting on 136.97M for the twelve trailing months.

Volume

Today's last reported volume for Pacific Biosciences of California is 5490711 which is 35.12% above its average volume of 4063510.

Sales Growth

Pacific Biosciences of California's sales growth is negative 27.1% for the ongoing quarter and 5.5% for the next.

Yearly Top and Bottom Value

Pacific Biosciences of California's stock is valued at $10.45 at 08:14 EST, way below its 52-week high of $14.20 and way higher than its 52-week low of $3.85.

More news about Pacific Biosciences of California (PACB).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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