Currently, there are 327.46M common shares owned by the public and among those 309.96M shares have been available to trade.
The company’s stock has a 5-day price change of -0.37% and 12.98% over the past three months. PSTG shares are trading 50.14% year to date (YTD), with the 12-month market performance up to 61.51% higher. It has a 12-month low price of $31.79 and touched a high of $70.41 over the same period. PSTG has an average intraday trading volume of 2.84 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 3.37%, 2.71%, and -2.83% respectively.
Institutional ownership of Pure Storage Inc (NYSE: PSTG) shares accounts for 83.66% of the company’s 327.46M shares outstanding.
It has a market capitalization of $17.54B and a beta (3y monthly) value of 1.13. The stock’s trailing 12-month PE ratio is 132.00, while the earnings-per-share (ttm) stands at $0.41. The company has a PEG of 6.95 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 2.91% over the week and 3.70% over the month.
Earnings per share for the fiscal year are expected to increase by 12.76%, and 13.42% over the next financial year.
Oppenheimer coverage for the Pure Storage Inc (PSTG) stock in a research note released on November 13, 2024 offered a Outperform rating with a price target of $70. Guggenheim was of a view on October 17, 2024 that the stock is Buy, while TD Cowen gave the stock Buy rating on August 29, 2024, issuing a price target of $80- $70. Needham on their part issued Buy rating on August 29, 2024.
