Is Pacific Biosciences of California (PACB) Stock a Buy For 2021?
Baron Discovery Fund recently published its fourth-quarter commentary – a copy of which can be downloaded here. During the fourth quarter of 2020, the Baron Discovery Fund returned 25.54% (institutional shares). This was 4.07% lower than the Russell 2000 Growth Index, the Fund’s primary benchmark index. You should check out Baron Discovery Fund’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q4 2020 Investor Letter, Baron Discovery Fund highlighted a few stocks and Pacific Biosciences Of California Inc. (NASDAQ:PACB) is one of them. Pacific Biosciences Of California Inc. (NASDAQ:PACB) is a biotechnology company. In the last three months, Pacific Biosciences Of California Inc. (NASDAQ:PACB) stock gained 182% and on February 1st it had a closing price of $34.18. Here is what Baron Discovery Fund said:
Pacific Biosciences of California, Inc. Announces Preliminary Fourth Quarter 2020 Revenue
Pacific Biosciences of California, Inc. Announces Preliminary Fourth Quarter 2020 Revenue
MENLO PARK, Calif., Jan. 11, 2021 Pacific Biosciences of California, Inc. (the “Company”) (NASDAQ: PACB), a leading provider of high-quality sequencing platforms, today announced unaudited preliminary revenue of approximately $27 million for its fourth quarter ended December 31, 2020. The Company’s full financial results for the fourth quarter and the fiscal year ended December 31, 2020 are not yet available.
Financial and Operational Highlights
Preliminary fourth quarter revenue is expected to be approximately $27 million, representing an estimated increase of approximately 41% sequentially compared with $19.1 million for the third quarter of 2020.
12 Best Genomic Stocks to Buy Now
The World Health Organization defines genomics as the study of genes and their functions and related techniques. Some may confuse genomics with genetics, the main difference between the two is that genetics focuses on a single gene where as genomics addresses all genes and their relationship with each other.
COVID-19 virus made the power of genomics more visible. Rene Hendriksen, Professor, and Researcher at the Technical University of Denmark mentioned,
“You can see if the continent has been infected with different clones [mutations of COVID-19] or the same clone and then track those to the point of entry,”
Ο Λέων του Ναυπλίου -Το μνημείο που εδώ και 180 χρόνια αποδίδει φόρο τιμής στα θύματα επιδημιών [βίντεο] | ΕΛΛΑΔΑ iefimerida.gr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iefimerida.gr Daily Mail and Mail on Sunday newspapers.