Pure Storage Inc. (PSTG) vs. S&P500: A Comparative Analysis


After finishing at $36.25 in the prior trading day, Pure Storage Inc. (NYSE: PSTG) closed at $35.91, down -0.94%. In other words, the price has decreased by -$0.34 from its previous closing price. On the day, 3549220 shares were traded. PSTG stock price reached its highest trading level at $36.16 during the session, while it also had its lowest trading level at $35.36.

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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 9.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.66. For the most recent quarter (mrq), Quick Ratio is recorded 1.70 and its Current Ratio is at 1.70. In the meantime, Its Debt-to-Equity ratio is 0.11 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 this company, TD Cowen on August 31, 2023, Reiterated its Outperform rating but revised its target price to $50 from $44 previously.

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 17 when Chu Mona sold 5,387 shares for $38.49 per share. The transaction valued at 207,346 led to the insider holds 147,188 shares of the business.

Yen Mallun sold 12,495 shares of PSTG for $474,185 on Jul 11. The Director now owns 40,316 shares after completing the transaction at $37.95 per share. On Jun 26, another insider, Brown Andrew William Fraser, who serves as the Director of the company, sold 9,097 shares for $35.83 each. As a result, the insider received 325,957 and left with 44,964 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 11.20B and an Enterprise Value of 10.25B. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.07 while its Price-to-Book (P/B) ratio in mrq is 11.26. Its current Enterprise Value per Revenue stands at 3.71 whereas that against EBITDA is 69.57.

Stock Price History:

Over the past 52 weeks, PSTG has reached a high of $40.50, while it has fallen to a 52-week low of $22.14. The 50-Day Moving Average of the stock is 37.49, while the 200-Day Moving Average is calculated to be 30.39.

Shares Statistics:

The stock has traded on average 3.52M shares per day over the past 3-months and 3.69M shares per day over the last 10 days, according to various share statistics. A total of 309.51M shares are outstanding, with a floating share count of 289.14M. Insiders hold about 3.60% of the company’s shares, while institutions hold 88.00% stake in the company. Shares short for PSTG as of Aug 30, 2023 were 7.98M with a Short Ratio of 7.98M, compared to 7.22M on Jul 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.60% and a Short% of Float of 3.21%.

Earnings Estimates

Its stock is currently analyzed by 18 different market analysts. On average, analysts expect EPS of $0.4 for the current quarter, with a high estimate of $0.45 and a low estimate of $0.35, while EPS last year was $0.31. The consensus estimate for the next quarter is $0.58, with high estimates of $0.72 and low estimates of $0.47.

Analysts are recommending an EPS of between $1.59 and $1.24 for the fiscal current year, implying an average EPS of $1.41. EPS for the following year is $1.67, with 18 analysts recommending between $1.91 and $1.44.

Revenue Estimates

A total of 18 analysts have provided revenue estimates for PSTG’s current fiscal year. The highest revenue estimate was $2.98B, while the lowest revenue estimate was $2.91B, resulting in an average revenue estimate of $2.96B. In the same quarter a year ago, actual revenue was $2.75B, up 7.50% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $3.41B in the next fiscal year. The high estimate is $3.6B and the low estimate is $3.17B. The average revenue growth estimate for next year is up 15.20% from the average revenue estimate for this year.


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