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As of close of business last night, Pure Storage Inc’s stock clocked out at $62.34, down -0.40% from its previous closing price of $62.59. In other words, the price has decreased by -$0.40 from its previous closing price. On the day, 4.53 million shares were traded. PSTG stock price reached its highest trading level at $63.64 during the session, while it also had its lowest trading level at $61.025.
Ratios:
To gain a deeper understanding of PSTG’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.35. For the most recent quarter (mrq), Quick Ratio is recorded 1.68 and its Current Ratio is at 1.71. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.10.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on December 04, 2024, Upgraded its rating to Overweight and sets its target price to $76 from $56 previously.
On December 04, 2024, Wells Fargo reiterated its Overweight rating and also lowered its target price recommendation from $75 to $80.
TD Cowen reiterated its Buy rating for the stock on December 04, 2024, while the target price for the stock was revised from $70 to $80.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 12 ’24 when Chu Mona sold 8,311 shares for $62.16 per share. The transaction valued at 516,612 led to the insider holds 67,681 shares of the business.
Chu Mona bought 8,311 shares of PSTG for $516,588 on Dec 12 ’24. On Dec 04 ’24, another insider, Colgrove John, who serves as the Chief Visionary Officer of the company, sold 100,000 shares for $65.55 each. As a result, the insider received 6,555,400 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PSTG now has a Market Capitalization of 20337614848 and an Enterprise Value of 16004491264. As of this moment, Pure’s Price-to-Earnings (P/E) ratio for their current fiscal year is 164.36, and their Forward P/E ratio for the next fiscal year is 35.52. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.61 while its Price-to-Book (P/B) ratio in mrq is 14.46. Its current Enterprise Value per Revenue stands at 5.317 whereas that against EBITDA is 56.799.
Stock Price History:
Over the past 52 weeks, PSTG has reached a high of $70.41, while it has fallen to a 52-week low of $34.32. The 50-Day Moving Average of the stock is 12.86%, while the 200-Day Moving Average is calculated to be 11.13%.
Shares Statistics:
It appears that PSTG traded 3.07M shares on average per day over the past three months and 3621220 shares per day over the past ten days. A total of 327.13M shares are outstanding, with a floating share count of 308.68M. Insiders hold about 5.38% of the company’s shares, while institutions hold 84.04% stake in the company. Shares short for PSTG as of 1731628800 were 9262988 with a Short Ratio of 2.82, compared to 1728950400 on 8897264. Therefore, it implies a Short% of Shares Outstanding of 9262988 and a Short% of Float of 3.53.
