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In the latest session, Pure Storage Inc (NYSE: PSTG) closed at $49.87 down -0.56% from its previous closing price of $50.15. In other words, the price has decreased by -$0.56 from its previous closing price. On the day, 9.65 million shares were traded. PSTG stock price reached its highest trading level at $52.9545 during the session, while it also had its lowest trading level at $45.15.
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 8.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.01. 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, Oppenheimer on Nov-14-24, initiated with a Outperform rating and assigned the stock a target price of $70.
On October 17, 2024, Guggenheim reiterated its Buy rating and also lowered its target price recommendation from $72 to $93.
TD Cowen reiterated its Buy rating for the stock on August 29, 2024, while the target price for the stock was revised from $80 to $70.
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 Nov 04 ’24 when Colgrove John sold 100,000 shares for $50.01 per share. The transaction valued at 5,000,929 led to the insider holds 200,000 shares of the business.
Colgrove John sold 100,000 shares of PSTG for $5,732,388 on Oct 21 ’24. The Chief Visionary Officer now owns 300,000 shares after completing the transaction at $57.32 per share. On Oct 21 ’24, another insider, The Colgrove Family Charitable, who serves as the Director of the company, bought 400,000 shares for $57.07 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 16433760256 and an Enterprise Value of 14801861632. As of this moment, Pure’s Price-to-Earnings (P/E) ratio for their current fiscal year is 122.95, and their Forward P/E ratio for the next fiscal year is 26.86. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.43 while its Price-to-Book (P/B) ratio in mrq is 11.24. Its current Enterprise Value per Revenue stands at 4.918 whereas that against EBITDA is 52.531.
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 -2.79%, while the 200-Day Moving Average is calculated to be -8.51%.
Shares Statistics:
For the past three months, PSTG has traded an average of 2.91M shares per day and 2643800 over the past ten days. A total of 319.52M shares are outstanding, with a floating share count of 309.86M. Insiders hold about 5.44% of the company’s shares, while institutions hold 84.57% stake in the company. Shares short for PSTG as of 1730332800 were 8991793 with a Short Ratio of 3.09, compared to 1727654400 on 9718653. Therefore, it implies a Short% of Shares Outstanding of 8991793 and a Short% of Float of 3.42.
