Pure Storage Inc (PSTG) concluded trading on Thursday at a closing price of $53.20, with 7.84 million shares of worth about $417.35 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -12.12% during that period and on February 27, 2025 the price saw a loss of about -14.80%. Currently the company’s common shares owned by public are about 326.24M shares, out of which, 308.45M shares are available for trading.
Stock saw a price change of -21.53% in past 5 days and over the past one month there was a price change of -20.37%. Year-to-date (YTD), PSTG shares are showing a performance of -13.40% which increased to 28.19% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $40.95 but also hit the highest price of $73.67 during that period. The average intraday trading volume for Pure Storage Inc shares is 2.84 million. The stock is currently trading -20.08% below its 20-day simple moving average (SMA20), while that difference is down -19.16% for SMA50 and it goes to -10.07% lower than SMA200.
Pure Storage Inc (NYSE: PSTG) currently have 326.24M outstanding shares and institutions hold larger chunk of about 84.97% of that.
The stock has a current market capitalization of $17.36B and its 3Y-monthly beta is at 1.07. PE ratio of stock for trailing 12 months is 176.04, while it has posted earnings per share of $0.30 in the same period. Its PEG reads 12.42 and has Quick Ratio of 1.52 while making debt-to-equity ratio of 0.21. 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 5.45% while standing at 3.56% over the month.
Stock’s fiscal year EPS is expected to drop by -0.57% while it is estimated to increase by 30.42% 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 Piper Sandler on December 04, 2024 offering an Overweight rating for the stock and assigned a target price range of between $56 and $76 to it. Coverage by Wells Fargo stated Pure Storage Inc (PSTG) stock as an Overweight in their note to investors on December 04, 2024, suggesting a price target of $80 for the stock. On December 04, 2024, TD Cowen Reiterated their recommendations, while on December 04, 2024, Stifel Reiterated their ratings for the stock with a price target of $65. Stock get a Buy rating from Needham on December 04, 2024.
