Pure Storage Inc. (NYSE:PSTG) saw a downside of -0.28% to close Tuesday at $25.18 after subtracting -$0.07 on the day. The 5-day average trading volume is 2,740,720 shares of the company’s common stock. It has gained $26.20 in the past week. An average of 3,670,670 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,857,416.
PSTG’s 1-month performance is -4.44% or -$1.23 on its low of $24.63 reached on 10/04/21. The company’s shares have touched a 52-week low of $15.80 and high of $29.53, with the stock’s rally to the 52-week high happening on 02/16/21. YTD, PSTG has achieved 11.37% or $2.57. However, the current price is down -14.73%% from the 52-week high price.
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On Sep 10, 33 days have gone by since the last insider trading activity for Pure Storage Inc. (PSTG). Sands Anita M (Director) most recently sold 74,157 shares at $26.79 per share on Sep 10. This transaction cost the insider $1,986,838. Director, Sands Anita M, sold 30,380 shares at a price of $21.48 on Apr 08. Then, on Feb 01, Director Dietzen Scott sold 310,000 shares at a price of $23.56 per share. This transaction amounted to $7,303,351.
Pure Storage Inc. (PSTG) has a trailing price-to-earnings (P/E) ratio of 23.30 for the broader industry and 36.86 for the sector.PSTG stock has a beta of 1.40. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.98 while the price-to-book (PB) in the most recent quarter is 10.24, with the price to cash flow ratio at 50.07.
Pure Storage Inc.’s quick ratio for the period ended July 30 was 2.40, with the current ratio over the same period at 2.50 meaning that PSTG stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending July 30 was 1.11, while the total debt to equity was 1.11. In terms of profitability, the gross margin trailing 12 months is 68.00%. The trailing 12-month EBITDA margin is -9.45% while for the period ending July 30; Pure Storage Inc.’s operating margin was -12.20%. The firm’s gross profit as reported stood at $1.15 billion against revenue of $1.68 billion.
For the quarterly period ending July 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected PSTG to announce $0.05 per share in earnings in its latest quarter, but it posted $0.14, representing a 180.00% surprise. EBITDA for the quarter stood at more than -$6.91 million. PSTG stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 2.09 billion, with total debt at $911.84 million. Shareholders hold equity totaling $285.07 million
Let’s look briefly at Pure Storage Inc. (PSTG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 42.69% to suggest the stock is trending Neutral, with historical volatility in this time period at 27.95%.
The stock’s 5-day moving average is $25.44, reflecting a -1.95% or -$0.50 change from its current price. PSTG is currently trading -4.91% above its 20-day SMA, +37.22% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +25.65% and +5.00% respectively.
Stochastic %K and %D was 22.57% and 28.30% and the average true range (ATR) pointed at 0.73. The RSI (14) points at 49.02%, while the 14-day stochastic is at 19.30% with the period’s ATR at 0.75. The stock’s 9-day MACD Oscillator is pointing at -0.13 and -0.53 on the 14-day charts.
In the most recent analyst report for Pure Storage Inc. (NYSE: PSTG), Stifel upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for PSTG stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate PSTG as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 17 have offered a “buy” rating.
What is PSTG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $23.00 and a high of $36.00, with their median price target at $32.00. Looking at these predictions, the average price target given by analysts is for Pure Storage Inc. (PSTG) stock is $31.00.