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After finishing at $48.63 in the prior trading day, Pure Storage Inc (NYSE: PSTG) closed at $48.22, down -0.84%. In other words, the price has decreased by -$0.84 from its previous closing price. On the day, 2.45 million shares were traded. PSTG stock price reached its highest trading level at $50.49 during the session, while it also had its lowest trading level at $48.08.
Ratios:
Our goal is to gain a better understanding of PSTG by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.89. For the most recent quarter (mrq), Quick Ratio is recorded 1.52 and its Current Ratio is at 1.55. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.11.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 31 ’24 when Singh Ajay sold 19,972 shares for $61.58 per share. The transaction valued at 1,229,876 led to the insider holds 262,144 shares of the business.
Singh Ajay bought 19,972 shares of PSTG for $1,229,939 on Dec 31 ’24. On Dec 24 ’24, another insider, FitzSimons Dan, who serves as the Chief Revenue Officer of the company, sold 8,895 shares for $64.11 each. As a result, the insider received 570,258 and left with 72,927 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 15731147776 and an Enterprise Value of 14636835840. As of this moment, Pure’s Price-to-Earnings (P/E) ratio for their current fiscal year is 159.56, and their Forward P/E ratio for the next fiscal year is 21.92. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 11.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.97 while its Price-to-Book (P/B) ratio in mrq is 11.18. Its current Enterprise Value per Revenue stands at 4.62 whereas that against EBITDA is 64.07.
Stock Price History:
The Beta on a monthly basis for PSTG is 1.03, which has changed by -0.05022651 over the last 52 weeks, in comparison to a change of 0.087141395 over the same period for the S&P500. Over the past 52 weeks, PSTG has reached a high of $73.67, while it has fallen to a 52-week low of $44.76. The 50-Day Moving Average of the stock is -23.66%, while the 200-Day Moving Average is calculated to be -17.96%.
Shares Statistics:
The stock has traded on average 2.83M shares per day over the past 3-months and 4422350 shares per day over the last 10 days, according to various share statistics. A total of 326.24M shares are outstanding, with a floating share count of 308.45M. Insiders hold about 5.45% of the company’s shares, while institutions hold 85.02% stake in the company. Shares short for PSTG as of 1740700800 were 9163503 with a Short Ratio of 3.24, compared to 1738281600 on 12421922. Therefore, it implies a Short% of Shares Outstanding of 9163503 and a Short% of Float of 3.5099998.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
