Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
In the latest session, Pure Storage Inc (NYSE: PSTG) closed at $52.47 down -1.37% from its previous closing price of $53.20. In other words, the price has decreased by -$1.37 from its previous closing price. On the day, 5.72 million shares were traded.
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 11.25 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.52. 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:
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 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:
As of this moment, Pure’s Price-to-Earnings (P/E) ratio for their current fiscal year is 173.63, and their Forward P/E ratio for the next fiscal year is 23.72. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 12.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.40 while its Price-to-Book (P/B) ratio in mrq is 12.17.
Stock Price History:
Over the past 52 weeks, PSTG has reached a high of $73.67, while it has fallen to a 52-week low of $40.95. The 50-Day Moving Average of the stock is -19.99%, while the 200-Day Moving Average is calculated to be -11.29%.
Shares 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 84.97% stake in the company.
