Pure Storage Inc (PSTG) concluded trading on Thursday at a closing price of $65.18, with 2.84 million shares of worth about $185.03 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 83.40% during that period and on June 27, 2024 the price saw a gain of about 3.94%. Currently the company’s common shares owned by public are about 319.52M shares, out of which, 306.70M shares are available for trading.
Stock saw a price change of -1.18% in past 5 days and over the past one month there was a price change of 4.25%. Year-to-date (YTD), PSTG shares are showing a performance of 82.78% which increased to 81.51% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $31.00 but also hit the highest price of $70.41 during that period. The average intraday trading volume for Pure Storage Inc shares is 3.54 million. The stock is currently trading 1.07% above its 20-day simple moving average (SMA20), while that difference is up 11.12% for SMA50 and it goes to 45.05% 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 84.11% of that.
The stock has a current market capitalization of $21.20B and its 3Y-monthly beta is at 1.10. PE ratio of stock for trailing 12 months is 233.87, while it has posted earnings per share of $0.28 in the same period. Its PEG reads 13.21 and has Quick Ratio of 1.89 while making debt-to-equity ratio of 0.20. 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 3.20% while standing at 4.14% over the month.
Stock’s fiscal year EPS is expected to rise by 10.24% while it is estimated to increase by 17.46% 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 Morgan Stanley on June 12, 2024 offering an Equal-weight rating for the stock and assigned a target price of $60 to it. Coverage by TD Cowen stated Pure Storage Inc (PSTG) stock as a Buy in their note to investors on May 30, 2024, suggesting a price target of $80 for the stock. On May 30, 2024, Northland Capital Downgrade their recommendations, while on May 21, 2024, Barclays Downgrade their ratings for the stock with a price target of $51. Stock get an Outperform rating from Raymond James on April 19, 2024.
