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Pure Storage Inc (NYSE: PSTG) closed the day trading at $65.20 down -0.17% from the previous closing price of $65.31. In other words, the price has decreased by -$0.17 from its previous closing price. On the day, 2.1 million shares were traded. PSTG stock price reached its highest trading level at $66.91 during the session, while it also had its lowest trading level at $64.01.
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 12.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.75. 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 05 ’24 when Krysler P. Kevan sold 14,296 shares for $63.79 per share. The transaction valued at 911,942 led to the insider holds 518,623 shares of the business.
Chu Mona sold 10,000 shares of PSTG for $701,100 on Jun 18 ’24. The Chief Accounting Officer now owns 130,547 shares after completing the transaction at $70.11 per share. On Jun 18 ’24, another insider, Taylor Roxanne, who serves as the Director of the company, sold 8,543 shares for $69.24 each. As a result, the insider received 591,517 and left with 14,608 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 21205254144 and an Enterprise Value of 19751249920. As of this moment, Pure’s Price-to-Earnings (P/E) ratio for their current fiscal year is 233.94, and their Forward P/E ratio for the next fiscal year is 34.88. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 13.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.23 while its Price-to-Book (P/B) ratio in mrq is 15.43. Its current Enterprise Value per Revenue stands at 6.73 whereas that against EBITDA is 75.452.
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 6.35%, while the 200-Day Moving Average is calculated to be 40.63%.
Shares Statistics:
Over the past 3-months, PSTG traded about 3.56M shares per day on average, while over the past 10 days, PSTG traded about 2804040 shares per day. A total of 319.52M shares are outstanding, with a floating share count of 306.45M. Insiders hold about 5.78% of the company’s shares, while institutions hold 84.42% stake in the company. Shares short for PSTG as of 1719532800 were 8611217 with a Short Ratio of 2.42, compared to 1717113600 on 7486151. Therefore, it implies a Short% of Shares Outstanding of 8611217 and a Short% of Float of 3.3099998.
