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After finishing at $61.12 in the prior trading day, Pure Storage Inc (NYSE: PSTG) closed at $59.76, down -2.23%. In other words, the price has decreased by -$2.23 from its previous closing price. On the day, 3.59 million shares were traded. PSTG stock price reached its highest trading level at $61.05 during the session, while it also had its lowest trading level at $59.25.
Ratios:
Our goal is to gain a better understanding of PSTG by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.44. 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 this company, Piper Sandler on August 19, 2024, initiated with a Neutral rating and assigned the stock a target price of $60.
On July 02, 2024, UBS Downgraded its rating to Sell which previously was Neutral and also upped its target price recommendation from $44 to $47.
Morgan Stanley Downgraded its Overweight to Equal-Weight on June 12, 2024, while the target price for the stock was maintained at $60.
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 Aug 20 ’24 when Colgrove John sold 100,000 shares for $61.76 per share. The transaction valued at 6,176,000 led to the insider holds 700,000 shares of the business.
FitzSimons Dan sold 9,881 shares of PSTG for $586,141 on Jul 19 ’24. The Chief Revenue Officer now owns 115,601 shares after completing the transaction at $59.32 per share. On Aug 05 ’24, another insider, Colgrove John, who serves as the Chief Visionary Officer of the company, sold 100,000 shares for $52.39 each. As a result, the insider received 5,239,419 and left with 800,000 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 19878326272 and an Enterprise Value of 17981974528. As of this moment, Pure’s Price-to-Earnings (P/E) ratio for their current fiscal year is 214.42, and their Forward P/E ratio for the next fiscal year is 31.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 12.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.62 while its Price-to-Book (P/B) ratio in mrq is 14.14. Its current Enterprise Value per Revenue stands at 6.127 whereas that against EBITDA is 68.693.
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 -2.51%, while the 200-Day Moving Average is calculated to be 18.42%.
Shares Statistics:
The stock has traded on average 3.35M shares per day over the past 3-months and 2135080 shares per day over the last 10 days, according to various share statistics. A total of 319.52M shares are outstanding, with a floating share count of 306.75M. Insiders hold about 5.68% of the company’s shares, while institutions hold 86.67% stake in the company. Shares short for PSTG as of 1723680000 were 10481807 with a Short Ratio of 3.13, compared to 1721001600 on 8828477. Therefore, it implies a Short% of Shares Outstanding of 10481807 and a Short% of Float of 4.03.
