Pure Storage Inc (PSTG) concluded trading on Thursday at a closing price of $50.45, with 3.95 million shares of worth about $199.15 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.00% during that period and on September 26, 2024 the price saw a gain of about 0.06%. Currently the company’s common shares owned by public are about 319.52M shares, out of which, 309.17M shares are available for trading.
Stock saw a price change of 1.41% in past 5 days and over the past one month there was a price change of -17.46%. Year-to-date (YTD), PSTG shares are showing a performance of 41.48% which increased to 50.64% 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 3.01 million. The stock is currently trading 2.23% above its 20-day simple moving average (SMA20), while that difference is down -8.34% for SMA50 and it goes to -2.70% lower than SMA200.
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Pure Storage Inc (NYSE: PSTG) currently have 319.52M outstanding shares and institutions hold larger chunk of about 84.99% of that.
The stock has a current market capitalization of $16.53B and its 3Y-monthly beta is at 1.11. PE ratio of stock for trailing 12 months is 124.38, while it has posted earnings per share of $0.41 in the same period. Its PEG reads 22.21 and has Quick Ratio of 1.89 while making debt-to-equity ratio of 0.19. 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 2.44% while standing at 3.37% over the month.
Stock’s fiscal year EPS is expected to rise by 12.56% while it is estimated to increase by 13.21% 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 TD Cowen on August 29, 2024 offering a Buy rating for the stock and assigned a target price range of between $80 and $70 to it. Coverage by Needham stated Pure Storage Inc (PSTG) stock as a Buy in their note to investors on August 29, 2024, suggesting a price target of $62 for the stock. On August 19, 2024, Piper Sandler Initiated their recommendations, while on July 02, 2024, UBS Downgrade their ratings for the stock with a price target of $47. Stock get an Equal-weight rating from Morgan Stanley on June 12, 2024.
