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After finishing at $58.32 in the prior trading day, Pure Storage Inc (NYSE: PSTG) closed at $57.42, down -1.54%. In other words, the price has decreased by -$1.54 from its previous closing price. On the day, 3.11 million shares were traded. PSTG stock price reached its highest trading level at $58.61 during the session, while it also had its lowest trading level at $55.77.
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 10.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.01. For the most recent quarter (mrq), Quick Ratio is recorded 1.89 and its Current Ratio is at 1.93. In the meantime, Its Debt-to-Equity ratio is 0.20 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 the company, UBS on July 02, 2024, Downgraded its rating to Sell and sets its target price to $47 from $44 previously.
On June 12, 2024, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight but kept the price unchanged to $60.
TD Cowen reiterated its Buy rating for the stock on May 30, 2024, while the target price for the stock was revised from $60 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 Jul 18 ’24 when Colgrove John sold 100,000 shares for $59.50 per share. The transaction valued at 5,950,000 led to the insider holds 900,000 shares of the business.
Krysler P. Kevan sold 14,296 shares of PSTG for $911,942 on Jul 05 ’24. The Chief Financial Officer now owns 518,623 shares after completing the transaction at $63.79 per share. On Jun 18 ’24, another insider, Chu Mona, who serves as the Chief Accounting Officer of the company, sold 10,000 shares for $70.11 each. As a result, the insider received 701,100 and left with 130,547 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 18674933760 and an Enterprise Value of 17220925440. As of this moment, Pure’s Price-to-Earnings (P/E) ratio for their current fiscal year is 206.03, and their Forward P/E ratio for the next fiscal year is 30.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 11.64. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.36 while its Price-to-Book (P/B) ratio in mrq is 13.59. Its current Enterprise Value per Revenue stands at 5.868 whereas that against EBITDA is 65.786.
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 -8.78%, while the 200-Day Moving Average is calculated to be 20.68%.
Shares Statistics:
The stock has traded on average 3.50M shares per day over the past 3-months and 2664550 shares per day over the last 10 days, according to various share statistics. A total of 319.52M shares are outstanding, with a floating share count of 306.55M. Insiders hold about 5.74% of the company’s shares, while institutions hold 86.21% stake in the company. Shares short for PSTG as of 1721001600 were 8828477 with a Short Ratio of 2.52, compared to 1718323200 on 8862451. Therefore, it implies a Short% of Shares Outstanding of 8828477 and a Short% of Float of 3.39.
