Currently, there are 319.52M common shares owned by the public and among those 309.86M shares have been available to trade.
The company’s stock has a 5-day price change of -1.96% and -16.83% over the past three months. PSTG shares are trading 40.63% year to date (YTD), with the 12-month market performance up to 38.12% 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 2.86 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 -5.87%, -2.15%, and -7.93% respectively.
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Institutional ownership of Pure Storage Inc (NYSE: PSTG) shares accounts for 84.85% of the company’s 319.52M shares outstanding.
It has a market capitalization of $16.43B and a beta (3y monthly) value of 1.13. The stock’s trailing 12-month PE ratio is 123.64, while the earnings-per-share (ttm) stands at $0.41. The company has a PEG of 7.29 and a Quick Ratio of 1.89 with the debt-to-equity ratio at 0.19. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.06% over the week and 3.10% over the month.
Earnings per share for the fiscal year are expected to increase by 12.76%, and 14.08% over the next financial year.
Looking at the support for the PSTG, a number of firms have released research notes about the stock. Guggenheim stated their Buy rating for the stock in a research note on October 17, 2024, with the firm’s price target at $72-$93. TD Cowen coverage for the Pure Storage Inc (PSTG) stock in a research note released on August 29, 2024 offered a Buy rating with a price target of $70. Needham was of a view on August 29, 2024 that the stock is Buy, while Piper Sandler gave the stock Neutral rating on August 19, 2024, issuing a price target of $60. UBS on their part issued Sell rating on July 02, 2024.
