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The price of Pure Storage Inc (NYSE: PSTG) closed at $54.11 in the last session, up 1.23% from day before closing price of $53.45. In other words, the price has increased by $1.23 from its previous closing price. On the day, 2.92 million shares were traded. PSTG stock price reached its highest trading level at $54.95 during the session, while it also had its lowest trading level at $53.41.
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 11.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.43. 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 the company, Raymond James on April 19, 2024, Downgraded its rating to Outperform and sets its target price to $63 from $52 previously.
On March 15, 2024, Citigroup started tracking the stock assigning a Buy rating and target price of $65.
On March 06, 2024, Needham started tracking the stock assigning a Buy rating and target price of $66.Needham initiated its Buy rating on March 06, 2024, with a $66 target price.
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 17 ’24 when Krysler P. Kevan sold 15,286 shares for $52.80 per share. The transaction valued at 807,101 led to the insider holds 507,824 shares of the business.
FitzSimons Dan sold 29,283 shares of PSTG for $1,526,816 on Apr 16 ’24. The Chief Revenue Officer now owns 138,105 shares after completing the transaction at $52.14 per share. On Apr 15 ’24, another insider, Brown Andrew William Fraser, who serves as the Director of the company, sold 20,564 shares for $52.31 each. As a result, the insider received 1,075,703 and left with 24,400 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 17590890496 and an Enterprise Value of 16322057216. As of this moment, Pure’s Price-to-Earnings (P/E) ratio for their current fiscal year is 324.21, and their Forward P/E ratio for the next fiscal year is 29.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 18.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.21 while its Price-to-Book (P/B) ratio in mrq is 13.61. Its current Enterprise Value per Revenue stands at 5.766 whereas that against EBITDA is 77.144.
Stock Price History:
Over the past 52 weeks, PSTG has reached a high of $58.46, while it has fallen to a 52-week low of $22.57. The 50-Day Moving Average of the stock is 3.23%, while the 200-Day Moving Average is calculated to be 32.48%.
Shares Statistics:
According to the various share statistics, PSTG traded on average about 3.62M shares per day over the past 3-months and 2477260 shares per day over the past 10 days. A total of 319.52M shares are outstanding, with a floating share count of 304.38M. Insiders hold about 6.32% of the company’s shares, while institutions hold 82.12% stake in the company. Shares short for PSTG as of 1713139200 were 8350435 with a Short Ratio of 2.30, compared to 1710460800 on 8586037. Therefore, it implies a Short% of Shares Outstanding of 8350435 and a Short% of Float of 3.1400003.
