Pure Storage Inc (PSTG) concluded trading on Thursday at a closing price of $57.42, with 3.11 million shares of worth about $178.41 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 36.91% during that period and on July 25, 2024 the price saw a loss of about -1.54%. Currently the company’s common shares owned by public are about 319.52M shares, out of which, 306.55M shares are available for trading.
Stock saw a price change of -3.90% in past 5 days and over the past one month there was a price change of -8.74%. Year-to-date (YTD), PSTG shares are showing a performance of 61.02% which increased to 48.26% 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 3.50 million. The stock is currently trading -9.43% below its 20-day simple moving average (SMA20), while that difference is down -8.78% for SMA50 and it goes to 20.68% 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 86.21% of that.
The stock has a current market capitalization of $18.67B and its 3Y-monthly beta is at 1.12. PE ratio of stock for trailing 12 months is 206.03, while it has posted earnings per share of $0.28 in the same period. Its PEG reads 11.64 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 3.80% while standing at 3.50% 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 UBS on July 02, 2024 offering a Sell rating for the stock and assigned a target price range of between $44 and $47 to it. Coverage by Morgan Stanley stated Pure Storage Inc (PSTG) stock as an Equal-weight in their note to investors on June 12, 2024, suggesting a price target of $60 for the stock. On May 30, 2024, TD Cowen Reiterated their recommendations, while on May 30, 2024, Northland Capital Downgrade their ratings for the stock with a price target of $68. Stock get an Equal weight rating from Barclays on May 21, 2024.