Pure Storage Inc (PSTG) Performance and Fundamentals Dashboard tells a completely different story

With 4.21 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.58 million shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $56.57 whereas the lowest price it dropped to was $54.14. The 52-week range on PSTG shows that it touched its highest point at $58.46 and its lowest point at $23.25 during that stretch. It currently has a 1-year price target of $55.79. Beta for the stock currently stands at 1.04.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PSTG was up-trending over the past week, with a rise of 6.07%, but this was up by 7.86% over a month. Three-month performance surged to 32.08% while six-month performance rose 55.36%. The stock gained 142.73% in the past year, while it has gained 58.19% so far this year. A look at the trailing 12-month EPS for PSTG yields 0.17 with Next year EPS estimates of 1.83. For the next quarter, that number is 0.21. This implies an EPS growth rate of 7.38% for this year and 17.88% for next year.

Float and Shares Shorts:

At present, 319.52 million PSTG shares are outstanding with a float of 304.56 million shares on hand for trading. On 2024-04-30, short shares totaled 10.22 million, which was 314.00003 higher than short shares on 1711584000. In addition to Mr. Charles H. Giancarlo as the firm’s Chairman & CEO, Mr. John Colgrove serves as its Founder, Chief Visionary Officer & Director.

Institutional Ownership:

Through their ownership of 0.86296 of PSTG’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-02-04, PSTG reported revenue of $789805000.0 and operating income of $74228000.0. The EBITDA in the recently reported quarter was $121966000.0 and diluted EPS was $0.2.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PSTG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.