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The closing price of Pure Storage Inc (NYSE: PSTG) was $53.09 for the day, down -0.13% from the previous closing price of $53.16. In other words, the price has decreased by -$0.13 from its previous closing price. On the day, 1.7 million shares were traded. PSTG stock price reached its highest trading level at $53.27 during the session, while it also had its lowest trading level at $52.165.
Ratios:
Our analysis of PSTG’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.62. For the most recent quarter (mrq), Quick Ratio is recorded 1.89 and its Current Ratio is at 1.92. In the meantime, Its Debt-to-Equity ratio is 0.19 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, TD Cowen on August 29, 2024, Reiterated its Buy rating but revised its target price to $70 from $80 previously.
On August 29, 2024, Needham reiterated its Buy rating and also upped its target price recommendation from $80 to $62.
On August 19, 2024, Piper Sandler started tracking the stock assigning a Neutral rating and target price of $60.Piper Sandler initiated its Neutral rating on August 19, 2024, with a $60 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 07 ’24 when Chu Mona sold 20,647 shares for $51.50 per share. The transaction valued at 1,063,320 led to the insider holds 75,992 shares of the business.
Colgrove John sold 100,000 shares of PSTG for $5,100,668 on Oct 04 ’24. The Chief Visionary Officer now owns 400,000 shares after completing the transaction at $51.01 per share. On Oct 07 ’24, another insider, Chu Mona, who serves as the Officer of the company, bought 20,647 shares for $51.50 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 17397168128 and an Enterprise Value of 15879967744. As of this moment, Pure’s Price-to-Earnings (P/E) ratio for their current fiscal year is 130.89, and their Forward P/E ratio for the next fiscal year is 28.87. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.78 while its Price-to-Book (P/B) ratio in mrq is 11.96. Its current Enterprise Value per Revenue stands at 5.276 whereas that against EBITDA is 56.357.
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 -0.26%, while the 200-Day Moving Average is calculated to be 0.74%.
Shares Statistics:
PSTG traded an average of 2.95M shares per day over the past three months and 2309000 shares per day over the past ten days. A total of 319.52M shares are outstanding, with a floating share count of 309.54M. Insiders hold about 5.54% of the company’s shares, while institutions hold 85.11% stake in the company. Shares short for PSTG as of 1727654400 were 9718653 with a Short Ratio of 3.29, compared to 1724976000 on 8008038. Therefore, it implies a Short% of Shares Outstanding of 9718653 and a Short% of Float of 3.6999999999999997.
