Pure Storage Inc (NYSE:PSTG) traded at $52.60 at last check on Tuesday, April 09, made a downward move of -2.14% on its previous day’s price.
Looking at the stock we see that its previous close was $53.75 and the beta (5Y monthly) reads 1.16. The company has a trailing 12-month PE ratio of 315.16. In terms of its 52-week price range, PSTG has a high of $58.46 and a low of $22.14. The company’s stock has lost about -4.97% over that past 30 days.
Pure Storage Inc has a market cap of $17.09 billion and is expected to release its quarterly earnings report on May 29, 2024 – Jun 03, 2024. Estimates by analysts give the company expected earnings per share (EPS) of $0.21, with the EPS growth for the year raised at $1.56 for 2025 and $1.83 for next year. These figures represent 9.90% and 17.30% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $680.99 million, with a low of $679.49 million and a high of $690.1 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2025 is expected to hit $3.13 billion, or 10.50% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the PSTG stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the PSTG stock currently stands at 17.81, and the most recent price level today is 0.98% off its SMA20 and 9.86% from its 50-day simple moving average. The RSI (14) is pointing at 55.42 while the volatility over the past week is 3.78% and jumps to 3.77% over the past one month. The beta value is 1.15, while the average true range (ATR) is currently pointing at 1.89.
Coming back to Pure Storage Inc (NYSE:PSTG), we note that the average 3-month trading volume was 3.92 million, while that of the preceding 10-day period stands at 2.7 million. Current shares outstanding are 319.52 million.
The insiders hold 6.44% of the company’s shares while institutions hold 81.64%. The data shows that short shares as of Mar 15, 2024, stood at 8.59 million at a short ratio of 1.67. This represents a 2.72% short interest in shares outstanding on Mar 15, 2024. Shares short fall in March from the previous month at 9.69 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 47.50% up in year-to-date price movement.
