Positive Media Coverage Somewhat Unlikely to Affect Pacific Biosciences of California (PACB) Stock Price
News headlines about Pacific Biosciences of California (NASDAQ:PACB) have been trending positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pacific Biosciences of California earned a media sentiment score of 0.33 on Accern’s scale. Accern also gave news stories about the biotechnology company an impact score of 46.7941607057081 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of PACB stock opened at $4.11 on Tuesday. Pacific Biosciences of California has a fifty-two week low of $2.02 and a fifty-two week high of $5.70. The firm has a market capitalization of $552.84 million, a PE ratio of -4.72 and a beta of 1.57. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.33 and a quick ratio of 3.28.
Pacific Biosciences of California (NASDAQ:PACB) last announced its quarterly earnings results on Thursday, August 2nd. The biotechnology company reported ($0.17) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.17). Pacific Biosciences of California had a negative return on equity of 95.29% and a negative net margin of 100.09%. The business had revenue of $21.58 million during the quarter, compared to analysts’ expectations of $24.45 million. During the same quarter last year, the business posted ($0.26) earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. sell-side analysts anticipate that Pacific Biosciences of California will post -0.66 earnings per share for the current fiscal year.
About Pacific Biosciences of California
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.
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