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Pure Storage Inc (NYSE: PSTG) closed the day trading at $49.75 up 0.95% from the previous closing price of $49.28. In other words, the price has increased by $0.95 from its previous closing price. On the day, 3.35 million shares were traded. PSTG stock price reached its highest trading level at $51.16 during the session, while it also had its lowest trading level at $49.44.
Ratios:
For a better understanding of PSTG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.95. 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:
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 Sep 04 ’24 when Colgrove John sold 100,000 shares for $47.41 per share. The transaction valued at 4,741,000 led to the insider holds 600,000 shares of the business.
Colgrove John sold 100,000 shares of PSTG for $6,176,000 on Aug 20 ’24. The Chief Visionary Officer now owns 700,000 shares after completing the transaction at $61.76 per share. On Jul 19 ’24, another insider, FitzSimons Dan, who serves as the Chief Revenue Officer of the company, sold 9,881 shares for $59.32 each. As a result, the insider received 586,141 and left with 115,601 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 16302676992 and an Enterprise Value of 14762539008. As of this moment, Pure’s Price-to-Earnings (P/E) ratio for their current fiscal year is 122.66, and their Forward P/E ratio for the next fiscal year is 27.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 21.90. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.42 while its Price-to-Book (P/B) ratio in mrq is 11.21. Its current Enterprise Value per Revenue stands at 4.905 whereas that against EBITDA is 52.391.
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 -12.07%, while the 200-Day Moving Average is calculated to be -3.22%.
Shares Statistics:
Over the past 3-months, PSTG traded about 3.08M shares per day on average, while over the past 10 days, PSTG traded about 2679040 shares per day. A total of 319.52M shares are outstanding, with a floating share count of 309.17M. Insiders hold about 5.65% of the company’s shares, while institutions hold 84.97% stake in the company. Shares short for PSTG as of 1724976000 were 8008038 with a Short Ratio of 2.60, compared to 1722384000 on 9542490. Therefore, it implies a Short% of Shares Outstanding of 8008038 and a Short% of Float of 3.05.
