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The closing price of Pure Storage Inc (NYSE: PSTG) was $60.30 for the day, up 1.19% from the previous closing price of $59.59. In other words, the price has increased by $1.19 from its previous closing price. On the day, 2.2 million shares were traded. PSTG stock price reached its highest trading level at $60.62 during the session, while it also had its lowest trading level at $59.53.
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 11.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.77. 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:
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 Jul 19 ’24 when FitzSimons Dan sold 9,881 shares for $59.32 per share. The transaction valued at 586,141 led to the insider holds 115,601 shares of the business.
Colgrove John sold 100,000 shares of PSTG for $5,239,419 on Aug 05 ’24. The Chief Visionary Officer now owns 800,000 shares after completing the transaction at $52.39 per share. On Jul 18 ’24, another insider, Colgrove John, who serves as the Chief Visionary Officer of the company, sold 100,000 shares for $59.50 each. As a result, the insider received 5,950,000 and left with 900,000 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 19611609088 and an Enterprise Value of 18157600768. As of this moment, Pure’s Price-to-Earnings (P/E) ratio for their current fiscal year is 216.36, and their Forward P/E ratio for the next fiscal year is 32.26. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 12.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.68 while its Price-to-Book (P/B) ratio in mrq is 14.27. Its current Enterprise Value per Revenue stands at 6.187 whereas that against EBITDA is 69.364.
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 -2.68%, while the 200-Day Moving Average is calculated to be 22.83%.
Shares Statistics:
PSTG traded an average of 3.52M shares per day over the past three months and 2453150 shares per day over the past ten days. A total of 319.52M shares are outstanding, with a floating share count of 306.66M. Insiders hold about 5.71% of the company’s shares, while institutions hold 88.50% stake in the company. Shares short for PSTG as of 1722384000 were 9542490 with a Short Ratio of 2.71, compared to 1719532800 on 8611217. Therefore, it implies a Short% of Shares Outstanding of 9542490 and a Short% of Float of 3.6700000000000004.
