Pure Storage Inc’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $70.41 on 06/18/24, and the lowest price during that time was $31.00, recorded on 11/30/23.
52-week price history of PSTG Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Pure Storage Inc’s current trading price is -24.60% away from its 52-week high, while its distance from the 52-week low is 71.26%. The stock’s price range during this period has fluctuated between $31.00 and $70.41. Shares of the company, which operates in the Technology sector, recorded a trading volume of around 1.7 million for the day, which was evidently lower than the average daily volume of 2.95 million over the last three months.
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Financial Performance and Market Capitalization
Pure Storage Inc (PSTG) has experienced a quarterly decline of -18.57% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 17.40B and boasts a workforce of 5600 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 58.11, with a change in price of -6.06. Similarly, Pure Storage Inc recorded 3,361,083 in trading volume during the last 100 days, posting a change of -10.25%.
PSTG Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for PSTG stands at 0.19. Similarly, the long-term debt-to-equity ratio is also 0.16.
PSTG Stock Stochastic Average
Pure Storage Inc’s raw stochastic average for the past 50 days is currently at 45.42%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 96.00%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 97.49% and 96.74%, respectively.
PSTG Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Until today this year the stock’s price performance recorded an increase of 48.88%. However, over the last six months, the performance has been stronger by -3.46%. The price of PSTG increased 11.28% over the last 30 days. And in the last five days, it has surged by 6.69%.
