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In the latest session, Pure Storage Inc (NYSE: PSTG) closed at $51.29 up 1.93% from its previous closing price of $50.32. In other words, the price has increased by $1.93 from its previous closing price. On the day, 5.35 million shares were traded. PSTG stock price reached its highest trading level at $51.955 during the session, while it also had its lowest trading level at $50.495.
Ratios:
For a deeper understanding of Pure Storage Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.16 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.53. For the most recent quarter (mrq), Quick Ratio is recorded 1.89 and its Current Ratio is at 1.92. In the meantime, Its Debt-to-Equity ratio is 0.19 whereas as Long-Term Debt/Eq ratio is at 0.16.
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 this company, TD Cowen on August 29, 2024, Reiterated its Buy rating but revised its target price to $70 from $80 previously.
On August 29, 2024, Needham reiterated its Buy rating and also upped its target price recommendation from $80 to $62.
On August 19, 2024, Piper Sandler started tracking the stock assigning a Neutral rating and target price of $60.Piper Sandler initiated its Neutral rating on August 19, 2024, with a $60 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 20 ’24 when Colgrove John sold 100,000 shares for $61.76 per share. The transaction valued at 6,176,000 led to the insider holds 700,000 shares of the business.
FitzSimons Dan sold 9,881 shares of PSTG for $586,141 on Jul 19 ’24. The Chief Revenue Officer now owns 115,601 shares after completing the transaction at $59.32 per share. On Aug 05 ’24, another insider, Colgrove John, who serves as the Chief Visionary Officer of the company, sold 100,000 shares for $52.39 each. As a result, the insider received 5,239,419 and left with 800,000 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 16681251840 and an Enterprise Value of 15195028480. As of this moment, Pure’s Price-to-Earnings (P/E) ratio for their current fiscal year is 127.68, and their Forward P/E ratio for the next fiscal year is 27.79. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 22.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.54 while its Price-to-Book (P/B) ratio in mrq is 12.14. Its current Enterprise Value per Revenue stands at 5.048 whereas that against EBITDA is 53.926.
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 $31.00. The 50-Day Moving Average of the stock is -15.61%, while the 200-Day Moving Average is calculated to be 1.25%.
Shares Statistics:
For the past three months, PSTG has traded an average of 3.43M shares per day and 3712880 over the past ten days. A total of 319.52M shares are outstanding, with a floating share count of 306.75M. Insiders hold about 5.68% of the company’s shares, while institutions hold 86.68% stake in the company. Shares short for PSTG as of 1723680000 were 10481807 with a Short Ratio of 3.06, compared to 1721001600 on 8828477. Therefore, it implies a Short% of Shares Outstanding of 10481807 and a Short% of Float of 4.03.
