At the time of writing, Pure Storage Inc [PSTG] stock is trading at $51.56, up 3.58%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PSTG shares have gain 3.47% over the last week, with a monthly amount drifted -1.57%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Oppenheimer started tracking the stock with Outperform rating on November 13, 2024, and set its price target to $70. On October 17, 2024, Guggenheim reiterated its Buy rating and revised its price target to $93 on the stock. TD Cowen reiterated its Buy rating and decreased its price target to $70 on August 29, 2024. Needham reiterated its recommendation of a Buy and reduced its price target to $62 on August 29, 2024. Piper Sandler started tracking with a Neutral rating for this stock on August 19, 2024, and assigned it a price target of $60. In a note dated July 02, 2024, UBS downgraded an Sell rating on this stock and boosted its target price from $44 to $47.
For the past year, the stock price of Pure Storage Inc fluctuated between $31.00 and $70.41. Currently, Wall Street analysts expect the stock to reach $61.89 within the next 12 months. Pure Storage Inc [NYSE: PSTG] shares were valued at $51.56 at the most recent close of the market. An investor can expect a potential return of 20.03% based on the average PSTG price forecast.
Analyzing the PSTG fundamentals
According to Pure Storage Inc [NYSE:PSTG], the company’s sales were 3.01B for trailing twelve months, which represents an 10.91% jump. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.1 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 50.34 points at the first support level, and at 49.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.54, and for the 2nd resistance point, it is at 53.52.
Ratios To Look Out For
It is important to note that Pure Storage Inc [NYSE:PSTG] has a current ratio of 1.92. Further, the Quick Ratio stands at 1.89, while the Cash Ratio is 0.75. Considering the valuation of this stock, the price to sales ratio is 5.61, the price to book ratio is 11.62 and price to earnings (TTM) ratio is 127.12.
Transactions by insiders
Recent insider trading involved Colgrove John, Chief Visionary Officer, that happened on Nov 19 ’24 when 100000.0 shares were sold. Chief Visionary Officer, Colgrove John completed a deal on Nov 04 ’24 to sell 100000.0 shares. Meanwhile, Chief Visionary Officer Colgrove John sold 100000.0 shares on Oct 21 ’24.
