Pure Storage Inc [NYSE: PSTG] closed the trading session at $65.18.
The stocks have a year to date performance of 82.78 percent and weekly performance of -1.18 percent. The stock has been moved at 83.40 percent over the last six months. The stock has performed 4.25 percent around the most recent 30 days and changed 24.03 percent over the most recent 3-months.
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If compared to the average trading volume of 3.54M shares, PSTG reached to a volume of 2838828 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 $69.71 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 1.64. 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.
Morgan Stanley have made an estimate for Pure Storage Inc shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on June 12, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price from $60 to $80. The new note on the price target was released on May 30, 2024, representing the official price target for Pure Storage Inc stock. Previously, the target price had yet another raise from $58 to $68, while Northland Capital kept a Market Perform rating on PSTG stock.
The Average True Range (ATR) for Pure Storage Inc is set at 2.40, with the Price to Sales ratio for PSTG stock in the period of the last 12 months amounting to 7.22. The Price to Book ratio for the last quarter was 15.43, with the Price to Cash per share for the same quarter was set at 5.30. Price to Free Cash Flow for PSTG in the course of the last twelve months was 39.74 with Quick ratio for the last quarter at 1.89.
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 -1.18. With this latest performance, PSTG shares gained by 4.25% in over the last four-week period, additionally plugging by 83.40% over the last 6 months – not to mention a rise of 81.51% 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 57.76, with the RSI for the last a single of trading hit 55.24, and the three-weeks RSI is set at 59.40 for Pure Storage Inc [PSTG]. The present Moving Average for the last 50 days of trading for this stock 58.89, while it was recorded at 63.62 for the last single week of trading, and 45.06 for the last 200 days.
Pure Storage Inc [PSTG]: An insightful look at the core fundamentals
Pure Storage Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.89 and a Current Ratio set at 1.93.
Earnings per share (EPS) analysis for Pure Storage Inc [PSTG] stock
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 17.70%.
Pure Storage Inc [PSTG]: Institutional Ownership
The top three institutional holders of PSTG stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in PSTG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in PSTG stock with ownership which is approximately 5.8386%.
