Pure Storage Inc (NYSE:PSTG) currently has a daily average trading volume of 3.03M but it saw 3857607 shares traded in last market. With a market cap of 18.15B USD, the company’s current market price of $55.48 came falling about -1.70 while comparing to the previous closing price of $56.44. In past 52 weeks, the stock remained buoying in the range of price level as high as $73.67 and as low as $34.51.
Taking a look at 20-day trading activity of Pure Storage Inc (PSTG) gives us an average price of $47.37, while its current price level is -24.69% below from 52-week high level whereas it is 60.77% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $46.75 while that of 200 days or SMA-200 reads an average of $54.99. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.38% during that period while stretching the period over a month that decreases to 3.34%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 71.04 which implies that the stock is in overbought territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Piper Sandler which upgraded the stock as “Overweight” in its note to investors issued on December 04, 2024, recommending a price target of between $56 and $76 for it. TD Cowen issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $70 and $80.
Over the week, PSTG’s stock price is moving 13.27% up while it is 32.25% when we observe its performance for the past one month. Year-to-date it is -9.69% down and over the past year, the stock is showing an upside performance of 2.12%.
The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of 0.25 while estimate for next year EPS is 1.7. In next quarter, company is expected to be making quarterly sales of $839.89M as analysts are expecting the sales for current fiscal year at $3.51B and seeing the company making $4.01B in sales next year. Moreover, analysts are in estimates of $770.03M for current-quarter revenue.
Currently, Pure Storage Inc’s total number of outstanding shares is 326.10M with 5.35% of that held by the insiders while 85.29% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 7.39% and return on equity (ROE) at 8.29%. It has a price to earnings ratio (P/E ratio) of 181.37 while having a 25.85 of forward P/E ratio. Stock’s beta reads 1.07. Stock has a price to book (P/B) ratio of 13.85 while price to sale or P/S ratio amounts to 5.73. Its return on asset (ROA) is 2.80% on average.
