Currently, there are 319.52M common shares owned by the public and among those 306.43M shares have been available to trade.
The company’s stock has a 5-day price change of -0.24% and 21.51% over the past three months. PSTG shares are trading 76.02% year to date (YTD), with the 12-month market performance up to 70.48% higher. It has a 12-month low price of $31.00 and touched a high of $70.41 over the same period. PSTG has an average intraday trading volume of 3.58 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.30%, 5.66%, and 38.46% respectively.
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Institutional ownership of Pure Storage Inc (NYSE: PSTG) shares accounts for 84.35% of the company’s 319.52M shares outstanding.
It has a market capitalization of $20.41B and a beta (3y monthly) value of 1.11. The stock’s trailing 12-month PE ratio is 225.22, while the earnings-per-share (ttm) stands at $0.28. The company has a PEG of 12.72 and a Quick Ratio of 1.89 with the debt-to-equity ratio at 0.20. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.79% over the week and 3.57% over the month.
Earnings per share for the fiscal year are expected to increase by 10.24%, and 17.46% over the next financial year.
Looking at the support for the PSTG, a number of firms have released research notes about the stock. UBS stated their Sell rating for the stock in a research note on Jul-03-24, with the firm’s price target at $44-$47. Morgan Stanley coverage for the Pure Storage Inc (PSTG) stock in a research note released on June 12, 2024 offered a Equal-Weight rating with a price target of $60. TD Cowen was of a view on May 30, 2024 that the stock is Buy, while Northland Capital gave the stock Market Perform rating on May 30, 2024, issuing a price target of $58- $68. Barclays on their part issued Equal Weight rating on May 21, 2024.
