How to buy Pure Storage stock | 18.27

Pure Storage, Inc is a computer hardware business based in the US. Pure Storage shares (PSTG) are listed on the NYSE and all prices are listed in US Dollars. Pure Storage employs 3,700 staff and has a trailing 12-month revenue of around USD$1.7 billion.

How to buy shares in Pure Storage

1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
3. Search for Pure Storage. Find the stock by name or ticker symbol: PSTG. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Pure Storage reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At last close price of USD$18.27, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Pure Storage, depending on your broker.
6. Check in on your investment. Congratulations, you own a part of Pure Storage. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

How has coronavirus impacted Pure Storage's share price?

Since the stock market crash in March caused by coronavirus, Pure Storage's share price has had significant positive movement.

Its last market close was USD$18.27, which is 2.13% up on its pre-crash value of USD$17.88 and 130.39% up on the lowest point reached during the March crash when the shares fell as low as USD$7.93.

If you had bought USD$1,000 worth of Pure Storage shares at the start of February 2020, those shares would have been worth USD$608.71 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$1,028.78.

Pure Storage share price

Use our graph to track the performance of PSTG stocks over time.

Pure Storage shares at a glance

• Key figures

Information last updated 2020-10-15.

Latest market close	USD$18.27
52-week range	USD$7.93 - USD$20.5
50-day moving average	USD$15.5811
200-day moving average	USD$15.7283
Wall St. target price	USD$19.95
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	USD$-0.907

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Is it a good time to buy Pure Storage stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Pure Storage, Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Pure Storage price performance over time

Historical closes compared with the close of $18.27 from 2020-10-16

1 week (2020-10-22)	1.78%
1 month (2020-09-29)	16.52%
3 months (2020-07-29)	7.16%
6 months (2020-04-29)	21.88%

1 year (2019-10-29)	-5.48%
2 years (2018-10-29)	-1.88%
3 years (2017-10-27)	12.50%
5 years (2015-10-29)	2.58%

Is Pure Storage under- or over-valued?

Valuing Pure Storage stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Pure Storage's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Pure Storage's PEG ratio

Pure Storage's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.5784. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Pure Storage's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Pure Storage financials

Revenue TTM	USD$1.7 billion
Gross profit TTM	USD$1.1 billion
Return on assets TTM	-4.34%
Return on equity TTM	-25.64%
Profit margin	-11.25%
Book value	$2.786
Market capitalisation	USD$4.9 billion

TTM: trailing 12 months

Shorting Pure Storage shares

There are currently 20.5 million Pure Storage shares held short by investors – that's known as Pure Storage's "short interest". This figure is 12.9% up from 18.2 million last month.

There are a few different ways that this level of interest in shorting Pure Storage shares can be evaluated.

Pure Storage's "short interest ratio" (SIR)

Pure Storage's "short interest ratio" (SIR) is the quantity of Pure Storage shares currently shorted divided by the average quantity of Pure Storage shares traded daily (recently around 3.9 million). Pure Storage's SIR currently stands at 5.22. In other words for every 100,000 Pure Storage shares traded daily on the market, roughly 5220 shares are currently held short.

However Pure Storage's short interest can also be evaluated against the total number of Pure Storage shares, or, against the total number of tradable Pure Storage shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Pure Storage's short interest could be expressed as 0.08% of the outstanding shares (for every 100,000 Pure Storage shares in existence, roughly 80 shares are currently held short) or 0.0825% of the tradable shares (for every 100,000 tradable Pure Storage shares, roughly 83 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Pure Storage.

Find out more about how you can short Pure Storage stock.

Pure Storage share dividends

We're not expecting Pure Storage to pay a dividend over the next 12 months.

Pure Storage share price volatility

Over the last 12 months, Pure Storage's shares have ranged in value from as little as $7.93 up to $20.5. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Pure Storage's is 1.4313. This would suggest that Pure Storage's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Pure Storage overview

Pure Storage, Inc. provides technology and data storage solutions in the United States and internationally. It delivers solutions based on proprietary Purity Operating Environment Software that implements enterprise-class storage services, such as data reduction, encryption, and protection, as well as protocol services, including block, file, and object. The company's cloud data infrastructure products include FlashArray, a solution for running block-oriented storage; and FlashBlade, a solution, which are integrated hardware and software appliances for file and object storage. It also provides subscription based IT and data services, such as Evergreen Storage Subscription and Pure1, Pure as-a-Service, and Cloud Block Store for data migrations and storage. Pure Storage, Inc. has a strategic partnership with Cohesity, Inc. to market Pure FlashRecover, a solution to meet the business continuity requirements for data-driven organizations. The company was formerly known as OS76, Inc. and changed its name to Pure Storage, Inc. in January 2010. Pure Storage, Inc. was founded in 2009 and is headquartered in Mountain View, California.

Frequently asked questions

• What percentage of Pure Storage is owned by insiders or institutions?

  Currently 9.632% of Pure Storage shares are held by insiders and 83.119% by institutions.

• How many people work for Pure Storage?

  Latest data suggests 3,700 work at Pure Storage.

• When does the fiscal year end for Pure Storage?

  Pure Storage's fiscal year ends in January.

• Where is Pure Storage based?

  Pure Storage's address is: 650 Castro Street, Mountain View, CA, United States, 94041

• What is Pure Storage's ISIN number?

  Pure Storage's international securities identification number is: US74624M1027

• What is Pure Storage's CUSIP number?

  Pure Storage's Committee on Uniform Securities Identification Procedures number is: 74624M102