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The closing price of Pure Storage Inc (NYSE: PSTG) was $51.80 for the day, up 2.55% from the previous closing price of $50.51. In other words, the price has increased by $2.55 from its previous closing price. On the day, 2.08 million shares were traded. PSTG stock price reached its highest trading level at $51.87 during the session, while it also had its lowest trading level at $50.9001.
Ratios:
Our analysis of PSTG’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.88. For the most recent quarter (mrq), Quick Ratio is recorded 1.73 and its Current Ratio is at 1.76. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.18.
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, Raymond James on April 19, 2024, Downgraded its rating to Outperform and sets its target price to $63 from $52 previously.
On March 15, 2024, Citigroup started tracking the stock assigning a Buy rating and target price of $65.
On March 06, 2024, Needham started tracking the stock assigning a Buy rating and target price of $66.Needham initiated its Buy rating on March 06, 2024, with a $66 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 17 ’24 when Krysler P. Kevan sold 15,286 shares for $52.80 per share. The transaction valued at 807,101 led to the insider holds 507,824 shares of the business.
FitzSimons Dan sold 29,283 shares of PSTG for $1,526,816 on Apr 16 ’24. The Chief Revenue Officer now owns 138,105 shares after completing the transaction at $52.14 per share. On Apr 15 ’24, another insider, Brown Andrew William Fraser, who serves as the Director of the company, sold 20,564 shares for $52.31 each. As a result, the insider received 1,075,703 and left with 24,400 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 16830339072 and an Enterprise Value of 15152379904. As of this moment, Pure’s Price-to-Earnings (P/E) ratio for their current fiscal year is 310.37, and their Forward P/E ratio for the next fiscal year is 28.34. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 17.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.95 while its Price-to-Book (P/B) ratio in mrq is 13.03. Its current Enterprise Value per Revenue stands at 5.353 whereas that against EBITDA is 71.616.
Stock Price History:
Over the past 52 weeks, PSTG has reached a high of $58.46, while it has fallen to a 52-week low of $22.14. The 50-Day Moving Average of the stock is 3.54%, while the 200-Day Moving Average is calculated to be 29.51%.
Shares Statistics:
PSTG traded an average of 3.74M shares per day over the past three months and 3094620 shares per day over the past ten days. A total of 319.52M shares are outstanding, with a floating share count of 304.37M. Insiders hold about 6.32% of the company’s shares, while institutions hold 82.12% stake in the company. Shares short for PSTG as of 1711584000 were 8201728 with a Short Ratio of 2.19, compared to 1709164800 on 10436868. Therefore, it implies a Short% of Shares Outstanding of 8201728 and a Short% of Float of 3.08.
