Pure Storage Inc (PSTG) concluded trading on Wednesday at a closing price of $52.32, with 2.99 million shares of worth about $156.39 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 47.01% during that period and on April 17, 2024 the price saw a loss of about -1.86%. Currently the company’s common shares owned by public are about 319.52M shares, out of which, 304.07M shares are available for trading.
However, the stock later moved at a day high price of 54.75, or with a loss of -1.86%. Stock saw a price change of -1.54% in past 5 days and over the past one month there was a price change of 3.40%. Year-to-date (YTD), PSTG shares are showing a performance of 46.72% which increased to 101.46% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $22.14 but also hit the highest price of $58.46 during that period. The average intraday trading volume for Pure Storage Inc shares is 3.87 million. The stock is currently trading -0.66% below its 20-day simple moving average (SMA20), while that difference is up 6.01% for SMA50 and it goes to 31.74% higher than SMA200.
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Pure Storage Inc (NYSE: PSTG) currently have 319.52M outstanding shares and institutions hold larger chunk of about 81.54% of that.
The stock has a current market capitalization of $17.00B and its 3Y-monthly beta is at 1.13. PE ratio of stock for trailing 12 months is 313.48, while it has posted earnings per share of $0.17 in the same period. Its PEG reads 17.71 and has Quick Ratio of 1.73 while making debt-to-equity ratio of 0.21. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PSTG, volatility over the week remained 3.37% while standing at 3.38% over the month.
Stock’s fiscal year EPS is expected to rise by 7.38% while it is estimated to increase by 17.88% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on March 15, 2024 offering a Buy rating for the stock and assigned a target price of $65 to it. Coverage by Needham stated Pure Storage Inc (PSTG) stock as a Buy in their note to investors on March 06, 2024, suggesting a price target of $66 for the stock. On February 29, 2024, TD Cowen Reiterated their recommendations, while on February 14, 2024, Stifel Downgrade their ratings for the stock with a price target of $41. Stock get a Buy rating from Guggenheim on December 07, 2023.
