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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.
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.
|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$19.95|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$-0.907|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
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.
|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%|
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 "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.
|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%|
|Market capitalisation||USD$4.9 billion|
TTM: trailing 12 months
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) 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.
We're not expecting Pure Storage to pay a dividend over the next 12 months.
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, 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.
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