In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
In the latest session, Pure Storage Inc (NYSE: PSTG) closed at $52.32 down -1.86% from its previous closing price of $53.31. In other words, the price has decreased by -$1.86 from its previous closing price. On the day, 2.99 million shares were traded. PSTG stock price reached its highest trading level at $54.07 during the session, while it also had its lowest trading level at $52.29.
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 11.10 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.23. For the most recent quarter (mrq), Quick Ratio is recorded 1.73 and its Current Ratio is at 1.76. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.18.
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, Citigroup on March 15, 2024, initiated with a Buy rating and assigned the stock a target price of $65.
On March 06, 2024, Needham started tracking the stock assigning a Buy rating and target price of $66.
TD Cowen reiterated its Outperform rating for the stock on February 29, 2024, while the target price for the stock was revised from $42 to $60.
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 Apr 15 ’24 when Brown Andrew William Fraser sold 20,564 shares for $52.31 per share. The transaction valued at 1,075,703 led to the insider holds 24,400 shares of the business.
Dietzen Scott sold 147,000 shares of PSTG for $7,863,030 on Apr 12 ’24. The Director now owns 100,000 shares after completing the transaction at $53.49 per share. On Apr 05 ’24, another insider, Singh Ajay, who serves as the Chief Product Officer of the company, sold 37,588 shares for $53.54 each. As a result, the insider received 2,012,462 and left with 380,834 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 16999291904 and an Enterprise Value of 15740467200. As of this moment, Pure’s Price-to-Earnings (P/E) ratio for their current fiscal year is 313.48, and their Forward P/E ratio for the next fiscal year is 28.63. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 17.71. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.01 while its Price-to-Book (P/B) ratio in mrq is 13.16. Its current Enterprise Value per Revenue stands at 5.561 whereas that against EBITDA is 74.395.
Stock Price History:
The Beta on a monthly basis for PSTG is 1.13, which has changed by 1.1927912 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. Over the past 52 weeks, PSTG has reached a high of $58.46, while it has fallen to a 52-week low of $22.14. The 50-Day Moving Average of the stock is 6.01%, while the 200-Day Moving Average is calculated to be 31.74%.
Shares Statistics:
For the past three months, PSTG has traded an average of 3.87M shares per day and 2999540 over the past ten days. A total of 319.52M shares are outstanding, with a floating share count of 304.07M. Insiders hold about 6.41% of the company’s shares, while institutions hold 81.54% stake in the company. Shares short for PSTG as of 1711584000 were 8201728 with a Short Ratio of 2.12, compared to 1709164800 on 10436868. Therefore, it implies a Short% of Shares Outstanding of 8201728 and a Short% of Float of 3.08.
Earnings Estimates
As of right now, 19 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.21 for the current quarter, with a high estimate of $0.26 and a low estimate of $0.18, while EPS last year was $0.08. The consensus estimate for the next quarter is $0.35, with high estimates of $0.41 and low estimates of $0.31.
Analysts are recommending an EPS of between $1.69 and $1.34 for the fiscal current year, implying an average EPS of $1.56. EPS for the following year is $1.84, with 19 analysts recommending between $2.16 and $1.55.
Revenue Estimates
A total of 18 analysts have provided revenue estimates for PSTG’s current fiscal year. The highest revenue estimate was $3.16B, while the lowest revenue estimate was $3.1B, resulting in an average revenue estimate of $3.13B. In the same quarter a year ago, actual revenue was $2.83B, up 10.50% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $3.52B in the next fiscal year. The high estimate is $3.78B and the low estimate is $3.36B. The average revenue growth estimate for next year is up 12.70% from the average revenue estimate for this year.
