Pure Storage Inc (NYSE: PSTG)’s stock price has gone decline by -8.75 in comparison to its previous close of 72.15, however, the company has experienced a -0.70% decrease in its stock price over the last five trading days. zacks.com reported 2025-01-24 that Pure Storage (PSTG) closed the most recent trading day at $72.15, moving -0.3% from the previous trading session.
Is It Worth Investing in Pure Storage Inc (NYSE: PSTG) Right Now?
The price-to-earnings ratio for Pure Storage Inc (NYSE: PSTG) is above average at 173.57x. The 36-month beta value for PSTG is also noteworthy at 1.11. There are mixed opinions on the stock, with 10 analysts rating it as a “buy,” 5 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”
The public float for PSTG is 308.74M, and at present, short sellers hold a 3.42% of that float. The average trading volume of PSTG on January 27, 2025 was 2.97M shares.
PSTG’s Market Performance
PSTG stock saw an increase of -0.70% in the past week, with a monthly gain of 3.19% and a quarterly increase of 25.69%. The volatility ratio for the week is 3.16%, and the volatility levels for the last 30 days are 3.09% for Pure Storage Inc (PSTG). The simple moving average for the past 20 days is 0.42% for PSTG’s stock, with a 14.33% simple moving average for the past 200 days.
Analysts’ Opinion of PSTG
Many brokerage firms have already submitted their reports for PSTG stocks, with Piper Sandler repeating the rating for PSTG by listing it as a “Overweight.” The predicted price for PSTG in the upcoming period, according to Piper Sandler is $76 based on the research report published on December 04, 2024 of the previous year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see PSTG reach a price target of $80, previously predicting the price at $75. The rating they have provided for PSTG stocks is “Overweight” according to the report published on December 04th, 2024.
TD Cowen gave a rating of “Buy” to PSTG, setting the target price at $80 in the report published on December 04th of the previous year.
PSTG Trading at 8.36% from the 50-Day Moving Average
After a stumble in the market that brought PSTG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.63% of loss for the given period.
Volatility was left at 3.09%, however, over the last 30 days, the volatility rate increased by 3.16%, as shares surge +1.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.32% upper at present.
During the last 5 trading sessions, PSTG fell by -0.54%, which changed the moving average for the period of 200-days by +25.06% in comparison to the 20-day moving average, which settled at $65.56. In addition, Pure Storage Inc saw 7.17% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PSTG starting from Singh Ajay, who sale 19,972 shares at the price of $61.58 back on Dec 31 ’24. After this action, Singh Ajay now owns 262,144 shares of Pure Storage Inc, valued at $1,229,876 using the latest closing price.
Singh Ajay, the Officer of Pure Storage Inc, proposed sale 19,972 shares at $61.58 during a trade that took place back on Dec 31 ’24, which means that Singh Ajay is holding shares at $1,229,939 based on the most recent closing price.
Stock Fundamentals for PSTG
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.72 for the gross margin
The net margin for Pure Storage Inc stands at 0.04. The total capital return value is set at 0.06. Equity return is now at value 10.14, with 3.60 for asset returns.
Based on Pure Storage Inc (PSTG), the company’s capital structure generated 0.81 points at debt to capital in total, while cash flow to debt ratio is standing at 2.68. The debt to equity ratio resting at 4.26. The interest coverage ratio of the stock is 18.41.
Currently, EBITDA for the company is 222.49 million with net debt to EBITDA at -2.12. When we switch over and look at the enterprise to sales, we see a ratio of 6.87. The receivables turnover for the company is 5.21for trailing twelve months and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.71.
Conclusion
In summary, Pure Storage Inc (PSTG) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
