Currently, there are 319.52M common shares owned by the public and among those 306.75M shares have been available to trade.
The company’s stock has a 5-day price change of -0.70% and -2.24% over the past three months. PSTG shares are trading 71.40% year to date (YTD), with the 12-month market performance up to 70.87% 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 3.35 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 4.50%, -0.51%, and 21.43% respectively.
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Institutional ownership of Pure Storage Inc (NYSE: PSTG) shares accounts for 86.59% of the company’s 319.52M shares outstanding.
It has a market capitalization of $19.88B and a beta (3y monthly) value of 1.12. The stock’s trailing 12-month PE ratio is 219.30, while the earnings-per-share (ttm) stands at $0.28. The company has a PEG of 12.39 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 3.04% over the week and 3.83% over the month.
Analysts forecast that Pure Storage Inc (PSTG) will achieve an EPS of 0.37 for the current quarter, 0.43 for the next quarter and 1.89 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.31 while analysts give the company a high EPS estimate of 0.31. Comparatively, EPS for the current quarter was 0.34 a year ago. Earnings per share for the fiscal year are expected to increase by 10.41%, and 17.82% over the next financial year.
Looking at the support for the PSTG, a number of firms have released research notes about the stock. Piper Sandler stated their Neutral rating for the stock in a research note on August 19, 2024, with the firm’s price target at $60. UBS coverage for the Pure Storage Inc (PSTG) stock in a research note released on July 02, 2024 offered a Sell rating with a price target of $47. Morgan Stanley was of a view on June 12, 2024 that the stock is Equal-Weight, while TD Cowen gave the stock Buy rating on May 30, 2024, issuing a price target of $60- $80. Northland Capital on their part issued Market Perform rating on May 30, 2024.
