How to buy Pure Storage stock | $26.43

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 3,900 staff and has a trailing 12-month revenue of around 0.00.

Pure Storage stock price (NYSE: PSTG)

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

Pure Storage shares at a glance

• Key figures

Information last updated 2021-10-23.

Latest market close	$26.43
52-week range	$15.80 - $29.53
50-day moving average	$26.04
200-day moving average	$21.42
Wall St. target price	$30.72
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	$-0.92

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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.

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 $26.43 from 2021-10-22

1 week (2021-10-14)	0.84%
1 month (2021-09-21)	N/A
3 months (2021-07-23)	34.30%
6 months (2021-04-23)	26.40%

1 year (2020-10-23)	46.02%
2 years (2019-10-25)	36.59%
3 years (2018-10-25)	26.10%
5 years (2016-10-25)	112.12%

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 4.109. 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	$1.8 billion
Gross profit TTM	$1.1 billion
Return on assets TTM	-5.3%
Return on equity TTM	-35.47%
Profit margin	-14.04%
Book value	$2.45
Market capitalisation	$7.5 billion

TTM: trailing 12 months

Shorting Pure Storage shares

There are currently 18.7 million Pure Storage shares held short by investors – that's known as Pure Storage's "short interest". This figure is 10.8% up from 16.9 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 4.0 million). Pure Storage's SIR currently stands at 4.69. In other words for every 100,000 Pure Storage shares traded daily on the market, roughly 4690 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 0.07% of the outstanding shares (for every 100,000 Pure Storage shares in existence, roughly 70 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).

Such a low SIR usually points to an 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 $15.8 up to $29.53. 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 1.4159. 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. The company 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. Its cloud data infrastructure products include FlashArray, a solution for running block-oriented storage; and FlashBlade, a solution for file and object storage. The company also provides FlashStack and Artificial Intelligence -Ready Infrastructure converged infrastructure solutions; and subscription-based IT and data services, such as Evergreen Storage Subscription and Pure1, Pure as-a-Service, and Cloud Block Store, as well as installation and implementation consulting services. In addition, it offers container data services, such as storage, data protection, data security, and disaster recovery/backup for cloud-native applications. The company was formerly known as OS76, Inc.

Frequently asked questions

What percentage of Pure Storage is owned by insiders or institutions?
Currently 6.122% of Pure Storage shares are held by insiders and 83.055% by institutions. How many people work for Pure Storage?
Latest data suggests 3,900 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