Pure Storage Inc (PSTG) concluded trading on Wednesday at a closing price of $50.13, with 3.94 million shares of worth about $197.66 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 52.05% during that period and on May 01, 2024 the price saw a loss of about -0.54%. Currently the company’s common shares owned by public are about 319.52M shares, out of which, 304.38M shares are available for trading.
Stock saw a price change of -1.03% in past 5 days and over the past one month there was a price change of -2.96%. Year-to-date (YTD), PSTG shares are showing a performance of 40.58% which increased to 117.58% 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 3.70 million. The stock is currently trading -4.34% below its 20-day simple moving average (SMA20), while that difference is down -1.75% for SMA50 and it goes to 24.04% 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 83.14% of that.
The stock has a current market capitalization of $16.29B and its 3Y-monthly beta is at 1.15. PE ratio of stock for trailing 12 months is 300.36, while it has posted earnings per share of $0.17 in the same period. Its PEG reads 16.97 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 3.82% while standing at 3.68% 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 Raymond James on April 19, 2024 offering an Outperform rating for the stock and assigned a target price range of between $52 and $63 to it. Coverage by Citigroup stated Pure Storage Inc (PSTG) stock as a Buy in their note to investors on March 15, 2024, suggesting a price target of $65 for the stock. On March 06, 2024, Needham Initiated their recommendations, while on February 29, 2024, TD Cowen Reiterated their ratings for the stock with a price target of $60. Stock get a Hold rating from Stifel on February 14, 2024.
