At the time of writing, Pure Storage Inc [PSTG] stock is trading at $48.54, up 0.66%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PSTG shares have lost -0.78% over the last week, with a monthly amount drifted -27.90%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Pure Storage Inc [NYSE: PSTG] stock has seen the most recent analyst activity on December 04, 2024, when Piper Sandler upgraded its rating to a Overweight and also boosted its price target to $76 from $56. Previously, Wells Fargo reaffirmed its Overweight rating on December 04, 2024, and elevated its price target to $80. On December 04, 2024, TD Cowen reiterated its Buy rating and revised its price target to $80 on the stock. Stifel reiterated its Hold rating and increased its price target to $65 on December 04, 2024. Needham reiterated its recommendation of a Buy and raised its price target to $75 on December 04, 2024. JP Morgan reiterated a Overweight rating for this stock on December 04, 2024, and upped its price target to $75. In a note dated December 04, 2024, Evercore ISI reiterated an Outperform rating on this stock and boosted its target price from $70 to $75.
For the past year, the stock price of Pure Storage Inc fluctuated between $44.76 and $73.67. Currently, Wall Street analysts expect the stock to reach $84 within the next 12 months. Pure Storage Inc [NYSE: PSTG] shares were valued at $48.54 at the most recent close of the market. An investor can expect a potential return of 73.05% based on the average PSTG price forecast.
Analyzing the PSTG fundamentals
According to Pure Storage Inc [NYSE:PSTG], the company’s sales were 3.17B for trailing twelve months, which represents an 11.40% jump. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.08 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.21.
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 47.49 points at the first support level, and at 46.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.17, and for the 2nd resistance point, it is at 49.80.
Ratios To Look Out For
It is important to note that Pure Storage Inc [NYSE:PSTG] has a current ratio of 1.55. Also, the Quick Ratio is 1.52, while the Cash Ratio stands at 0.45. Considering the valuation of this stock, the price to sales ratio is 5.00, the price to book ratio is 11.26 and price to earnings (TTM) ratio is 160.62.
Transactions by insiders
Recent insider trading involved Singh Ajay, Chief Product Officer, that happened on Dec 31 ’24 when 19972.0 shares were sold. Officer, Singh Ajay completed a deal on Dec 31 ’24 to buy 19972.0 shares. Meanwhile, Chief Revenue Officer FitzSimons Dan sold 8895.0 shares on Dec 24 ’24.
