Pure Storage Inc. (NYSE: PSTG) is -18.59% lower on its value in year-to-date trading and has touched a low of $21.90 and a high of $36.71 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PSTG stock was last observed hovering at around $27.57 in the last trading session, with the day’s loss setting it -1.07%.
Currently trading at $26.50, the stock is -9.47% and -8.07% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.75 million and changing -3.88% at the moment leaves the stock -8.00% off its SMA200. PSTG registered 0.42% gain for a year compared to 6-month loss of -23.26%. The firm has a 50-day simple moving average (SMA 50) of $2.88 and a 200-day simple moving average (SMA200) of $65.90.
The stock witnessed a -10.71% gain in the last 1 month and extending the period to 3 months gives it a -0.38%, and is -7.70% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.34% over the week and 3.67% over the month.
Pure Storage Inc. (PSTG) has around 4600 employees, a market worth around $7.84B and $2.54B in sales. Fwd P/E is 20.14. Distance from 52-week low is 21.03% and -27.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.30%).
Pure Storage Inc. (PSTG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Pure Storage Inc. (PSTG) is a “Buy”. 21 analysts offering their recommendations for the stock have an average rating of 2.10, where 4 rate it as a Hold and 2 think it is a “Overweight”. 15 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Pure Storage Inc. is expected to release its quarterly report on 11/29/2022.The EPS is expected to grow by 52.40% this year
Pure Storage Inc. (PSTG) Top Institutional Holders
The shares outstanding are 297.48M, and float is at 275.16M with Short Float at 7.10%.
Pure Storage Inc. (PSTG) Insider Activity
A total of 14 insider transactions have happened at Pure Storage Inc. (PSTG) in the last six months, with sales accounting for 6 and purchases happening 8 times. The most recent transaction is an insider sale by Brown Andrew William Fraser, the company’s Director. SEC filings show that Brown Andrew William Fraser sold 12,637 shares of the company’s common stock on Sep 12 at a price of $30.18 per share for a total of $0.38 million. Following the sale, the insider now owns 55448.0 shares.
Pure Storage Inc. disclosed in a document filed with the SEC on Mar 23 that Singh Ajay (Chief Product Officer) sold a total of 36,338 shares of the company’s common stock. The trade occurred on Mar 23 and was made at $34.39 per share for $1.25 million. Following the transaction, the insider now directly holds 0.38 million shares of the PSTG stock.
Still, SEC filings show that on Mar 21, Brown Andrew William Fraser (Director) disposed off 11,564 shares at an average price of $35.20 for $0.41 million. The insider now directly holds 58,988 shares of Pure Storage Inc. (PSTG).
Pure Storage Inc. (PSTG): Who are the competitors?
The company’s main competitors (and peers) include Seagate Technology Holdings plc (STX) that is -29.06% lower over the past 12 months.