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In the latest session, Pure Storage Inc (NYSE: PSTG) closed at $61.43 down -1.68% from its previous closing price of $62.48. In other words, the price has decreased by -$1.68 from its previous closing price. On the day, 1.88 million shares were traded. PSTG stock price reached its highest trading level at $62.95 during the session, while it also had its lowest trading level at $61.17.
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 11.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.25. For the most recent quarter (mrq), Quick Ratio is recorded 1.68 and its Current Ratio is at 1.71. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.10.
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 bought 19,972 shares for $61.58 per share.
FitzSimons Dan sold 8,895 shares of PSTG for $570,258 on Dec 24 ’24. The Chief Revenue Officer now owns 72,927 shares after completing the transaction at $64.11 per share. On Dec 24 ’24, another insider, DANIEL P FITZSIMONS, who serves as the Officer of the company, bought 8,895 shares for $64.11 each.
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 20040738816 and an Enterprise Value of 16004491264. As of this moment, Pure’s Price-to-Earnings (P/E) ratio for their current fiscal year is 161.96, and their Forward P/E ratio for the next fiscal year is 35.01. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.40 while its Price-to-Book (P/B) ratio in mrq is 14.25. Its current Enterprise Value per Revenue stands at 5.317 whereas that against EBITDA is 56.799.
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 $34.32. The 50-Day Moving Average of the stock is 8.61%, while the 200-Day Moving Average is calculated to be 8.77%.
Shares Statistics:
For the past three months, PSTG has traded an average of 2.96M shares per day and 2798040 over the past ten days. A total of 327.13M shares are outstanding, with a floating share count of 308.79M. Insiders hold about 5.35% of the company’s shares, while institutions hold 84.06% stake in the company. Shares short for PSTG as of 1731628800 were 9262988 with a Short Ratio of 3.17, compared to 1728950400 on 8897264. Therefore, it implies a Short% of Shares Outstanding of 9262988 and a Short% of Float of 3.53.
