Pure Storage Inc (NYSE: PSTG) closed the day trading at $57.16 up 0.40% from the previous closing price of $56.93. In other words, the price has increased by $+0.23 from its previous closing price. On the day, 3440200 shares were traded. PSTG stock price reached its highest trading level at $57.63 during the session, while it also had its lowest trading level at $55.68.
Ratios:
For a better understanding of PSTG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.80 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 37.43. 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 this company, Needham on March 06, 2024, initiated with a Buy rating and assigned the stock a target price of $66.
On February 29, 2024, TD Cowen reiterated its Outperform rating and also lowered its target price recommendation from $42 to $60.
Stifel Downgraded its Buy to Hold on February 14, 2024, while the target price for the stock was maintained at $41.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 01 ’24 when FitzSimons Dan sold 36,437 shares for $53.80 per share. The transaction valued at 1,960,311 led to the insider holds 90,559 shares of the business.
Chu Mona sold 6,853 shares of PSTG for $381,438 on Mar 01 ’24. The Chief Accounting Officer now owns 133,100 shares after completing the transaction at $55.66 per share. On Dec 28 ’23, another insider, Krysler P. Kevan, who serves as the Chief Financial Officer of the company, sold 26,257 shares for $35.89 each. As a result, the insider received 942,364 and left with 444,021 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 18.06B and an Enterprise Value of 16.80B. As of this moment, Pure’s Price-to-Earnings (P/E) ratio for their current fiscal year is 336.63, and their Forward P/E ratio for the next fiscal year is 31.49. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 19.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.38 while its Price-to-Book (P/B) ratio in mrq is 15.73. Its current Enterprise Value per Revenue stands at 5.93 whereas that against EBITDA is 79.39.
Stock Price History:
Over the past 52 weeks, PSTG has reached a high of $57.91, while it has fallen to a 52-week low of $22.14. The 50-Day Moving Average of the stock is 41.31, while the 200-Day Moving Average is calculated to be 36.98.
Shares Statistics:
Over the past 3-months, PSTG traded about 4.95M shares per day on average, while over the past 10 days, PSTG traded about 5.89M shares per day. A total of 304.08M shares are outstanding, with a floating share count of 296.13M. Insiders hold about 6.28% of the company’s shares, while institutions hold 83.74% stake in the company. Shares short for PSTG as of Feb 15, 2024 were 9.69M with a Short Ratio of 1.96, compared to 12.25M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.07% and a Short% of Float of 3.77%.
Earnings Estimates
Current recommendations for the stock of the company come from 17 analysts. 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 $1.82, with 17 analysts recommending between $2.16 and $1.55.
Revenue Estimates
A total of 16 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 10.40% from the average estimate. Based on 16 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.
