On Friday, Pure Storage Inc (NYSE: PSTG) opened higher 3.77% from the last session, before settling in for the closing price of $62.56. Price fluctuations for PSTG have ranged from $31.79 to $70.41 over the past 52 weeks.
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Annual sales at Technology sector company grew by 16.38% over the past five years. Company’s average yearly earnings per share was noted 15.76% at the time writing. With a float of $309.96 million, this company’s outstanding shares have now reached $327.69 million.
Let’s look at the performance matrix of the company that is accounted for 5600 employees. In terms of profitability, gross margin is 71.66%, operating margin of 4.9%, and the pretax margin is 5.54%.
Pure Storage Inc (PSTG) Insider Updates
A key investor’s attitude towards the stock of the Computer Hardware industry is another important factor to consider. The insider ownership of Pure Storage Inc is 5.41%, while institutional ownership is 83.65%. The most recent insider transaction that took place on Dec 04 ’24, was worth 6,555,400. In this transaction Chief Visionary Officer of this company sold 100,000 shares at a rate of $65.55, taking the stock ownership to the 0 shares. Before that another transaction happened on Nov 19 ’24, when Company’s Chief Visionary Officer sold 100,000 for $49.58, making the entire transaction worth $4,957,553. This insider now owns 100,000 shares in total.
Pure Storage Inc (PSTG) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.3 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 15.76% per share during the next fiscal year.
Pure Storage Inc (NYSE: PSTG) Trading Performance Indicators
Check out the current performance indicators for Pure Storage Inc (PSTG). In the past quarter, the stock posted a quick ratio of 1.68. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.17. Likewise, its price to free cash flow for the trailing twelve months is 38.37.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.38, a number that is poised to hit 0.41 in the next quarter and is forecasted to reach 1.75 in one year’s time.
Technical Analysis of Pure Storage Inc (PSTG)
Pure Storage Inc (NYSE: PSTG) saw its 5-day average volume 6.57 million, a positive change from its year-to-date volume of 3.69 million. As of the previous 9 days, the stock’s Stochastic %D was 78.15%. Additionally, its Average True Range was 2.90.
During the past 100 days, Pure Storage Inc’s (PSTG) raw stochastic average was set at 86.93%, which indicates a significant increase from 84.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 85.50% in the past 14 days, which was higher than the 58.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $52.97, while its 200-day Moving Average is $55.46. Nevertheless, the first resistance level for the watch stands at $66.12 in the near term. At $67.33, the stock is likely to face the second major resistance level. The third major resistance level sits at $68.68. If the price goes on to break the first support level at $63.56, it is likely to go to the next support level at $62.21. Assuming the price breaks the second support level, the third support level stands at $61.00.
Pure Storage Inc (NYSE: PSTG) Key Stats
There are currently 327,692K shares outstanding in the company with a market cap of 22.08 billion. Presently, the company’s annual sales total 2,831 M according to its annual income of 61,310 K. Last quarter, the company’s sales amounted to 763,770 K and its income totaled 35,670 K.
