Ratios Uncovered: Breaking Down Pure Storage Inc (PSTG)’s Trailing Twelve Months Metrics

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The price of Pure Storage Inc (NYSE: PSTG) closed at $56.49 in the last session, up 5.75% from day before closing price of $53.42. In other words, the price has increased by $5.75 from its previous closing price. On the day, 4.18 million shares were traded. PSTG stock price reached its highest trading level at $56.59 during the session, while it also had its lowest trading level at $54.29.

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 10.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.33. 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, Guggenheim on Oct-18-24, Reiterated its Buy rating but revised its target price to $93 from $72 previously.

On August 29, 2024, TD Cowen reiterated its Buy rating and also upped its target price recommendation from $80 to $70.

Needham reiterated its Buy rating for the stock on August 29, 2024, while the target price for the stock was revised from $80 to $62.

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 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 18511321088 and an Enterprise Value of 16971182080. As of this moment, Pure’s Price-to-Earnings (P/E) ratio for their current fiscal year is 139.28, and their Forward P/E ratio for the next fiscal year is 30.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.15 while its Price-to-Book (P/B) ratio in mrq is 12.73. Its current Enterprise Value per Revenue stands at 5.638 whereas that against EBITDA is 60.23.

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 6.17%, while the 200-Day Moving Average is calculated to be 6.26%.

Shares Statistics:

According to the various share statistics, PSTG traded on average about 2.93M shares per day over the past 3-months and 2324590 shares per day over the past 10 days. A total of 319.52M shares are outstanding, with a floating share count of 309.66M. Insiders hold about 5.50% of the company’s shares, while institutions hold 85.15% stake in the company. Shares short for PSTG as of 1727654400 were 9718653 with a Short Ratio of 3.31, compared to 1724976000 on 8008038. Therefore, it implies a Short% of Shares Outstanding of 9718653 and a Short% of Float of 3.6999999999999997.

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