Pure Storage Inc. [NYSE: PSTG] surged by $0.97 during the normal trading session on Monday and reaching a high of $16.97 during the day while it closed the day at $16.96. Pure Storage Inc. stock has also loss -3.64% of its value over the past 7 days. However, PSTG stock has inclined by 86.99% in the 3 months of the year. Over the past six months meanwhile, it has gained 2.85% and lost -0.88% year-on date.
The market cap for PSTG stock reached $4.32 billion, with 262.94 million shares outstanding and 238.14 million shares in the current float. Compared to the average trading volume of 3.46M shares, PSTG reached a trading volume of 2909084 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Pure Storage Inc. [PSTG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PSTG shares is $20.42 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PSTG stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Northland Capital have made an estimate for Pure Storage Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 26, 2020. While these analysts kept the previous recommendation, Maxim Group raised their target price from $20 to $22. The new note on the price target was released on February 28, 2020, representing the official price target for Pure Storage Inc. stock. Previously, the target price had yet another drop from $19 to $18, while Cowen kept a Outperform rating on PSTG stock. On November 22, 2019, analysts decreased their price target for PSTG shares from 23 to 19.
The Average True Range (ATR) for Pure Storage Inc. is set at 0.86, with the Price to Sales ratio for PSTG stock in the period of the last 12 months amounting to 2.56. The Price to Book ratio for the last quarter was 5.89, with the Price to Cash per share for the same quarter was set at 5.01. Price to Free Cash Flow for PSTG in the course of the last twelve months was 33.03 with Quick ratio for the last quarter at 3.10.
PSTG stock trade performance evaluation
Pure Storage Inc. [PSTG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.64. With this latest performance, PSTG shares gained by 19.52% in over the last four-week period, additionally plugging by 2.85% over the last 6 months – not to mention a rise of 9.70% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PSTG stock in for the last two-week period is set at 57.10, with the RSI for the last a single of trading hit 55.24, and the three-weeks RSI is set at 56.30 for Pure Storage Inc. [PSTG]. The present Moving Average for the last 50 days of trading for this stock 14.67, while it was recorded at 16.51 for the last single week of trading, and 16.36 for the last 200 days.
Pure Storage Inc. [PSTG]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Pure Storage Inc. [PSTG] shares currently have an operating margin of -11.61 and a Gross Margin at +68.83. Pure Storage Inc.’s Net Margin is presently recorded at -12.23.
Return on Total Capital for PSTG is now -14.59, given the latest momentum, and Return on Invested Capital for the company is -15.53. Return on Equity for this stock declined to -25.64, with Return on Assets sitting at -9.18. When it comes to the capital structure of this company, Pure Storage Inc. [PSTG] has a Total Debt to Total Equity ratio set at 71.95. Additionally, PSTG Total Debt to Total Capital is recorded at 41.84, with Total Debt to Total Assets ending up at 25.26. Long-Term Debt to Equity for the company is recorded at 68.66, with the Long-Term Debt to Total Capital now at 39.93.
Reflecting on the efficiency of the workforce at the company, Pure Storage Inc. [PSTG] managed to generate an average of -$59,114 per employee. Receivables Turnover for the company is 3.93 with a Total Asset Turnover recorded at a value of 0.75.Pure Storage Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.10 and a Current Ratio set at 3.10.
Earnings per share (EPS) analysis for Pure Storage Inc. [PSTG] stock
With the latest financial reports released by the company, Pure Storage Inc. posted 0.01/share EPS, while the average EPS was predicted by analysts to be reported at -0.04/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 125.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PSTG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Pure Storage Inc. go to 20.00%.
Pure Storage Inc. [PSTG]: Insider Ownership positions
There are presently around $3,426 million, or 81.50% of PSTG stock, in the hands of institutional investors. The top three institutional holders of PSTG stocks are: VANGUARD GROUP INC with ownership of 21,543,734, which is approximately 3.044% of the company’s market cap and around 3.50% of the total institutional ownership; FMR LLC, holding 20,288,681 shares of the stock with an approximate value of $324.42 million in PSTG stocks shares; and CHAMPLAIN INVESTMENT PARTNERS, LLC, currently with $294.14 million in PSTG stock with ownership of nearly 10.725% of the company’s market capitalization.
124 institutional holders increased their position in Pure Storage Inc. [NYSE:PSTG] by around 34,123,877 shares. Additionally, 129 investors decreased positions by around 29,440,400 shares, while 36 investors held positions by with 150,722,798 shares. The mentioned changes placed institutional holdings at 214,287,075 shares, according to the latest SEC report filing. PSTG stock had 40 new institutional investments in for a total of 15,690,799 shares, while 57 institutional investors sold positions of 13,142,165 shares during the same period.