The price of Pure Storage Inc (NYSE: PSTG) closed at $53.14 in the last session, up 0.78% from day before closing price of $52.73. In other words, the price has increased by $+0.41 from its previous closing price. On the day, 2782068 shares were traded.
Ratios:
We take a closer look at PSTG’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.28 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.78. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 05 ’24 when Singh Ajay sold 37,588 shares for $53.54 per share. The transaction valued at 2,012,462 led to the insider holds 380,834 shares of the business.
Pure Storage, Inc. sold 7,500 shares of PSTG for $396,000 on Apr 05 ’24. The Director now owns 28,896 shares after completing the transaction at $52.80 per share. On Apr 04 ’24, another insider, Dietzen Scott, who serves as the Director of the company, sold 272,541 shares for $53.33 each. As a result, the insider received 14,535,749 and left with 645,971 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 17.13B and an Enterprise Value of 15.87B. As of this moment, Pure’s Price-to-Earnings (P/E) ratio for their current fiscal year is 318.39, and their Forward P/E ratio for the next fiscal year is 29.23. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 17.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.10 while its Price-to-Book (P/B) ratio in mrq is 13.37. Its current Enterprise Value per Revenue stands at 5.61 whereas that against EBITDA is 71.35.
Stock Price History:
The Beta on a monthly basis for PSTG is 1.15, which has changed by 103.37% over the last 52 weeks, in comparison to a change of 24.47% 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 48.35, while the 200-Day Moving Average is calculated to be 39.36.
Shares Statistics:
According to the various share statistics, PSTG traded on average about 3.90M shares per day over the past 3-months and 2.73M shares per day over the past 10 days. A total of 319.52M shares are outstanding, with a floating share count of 303.99M. Insiders hold about 6.44% of the company’s shares, while institutions hold 81.64% stake in the company. Shares short for PSTG as of Mar 15, 2024 were 8.59M with a Short Ratio of 2.10, compared to 9.69M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.72% and a Short% of Float of 3.34%.
Earnings Estimates
The company has 18 analysts who recommend its stock at the moment. 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 $1.83, with 18 analysts recommending between $2.16 and $1.55.
Revenue Estimates
A total of 17 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 17 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.
