Pure Storage Inc ‘s stock market performance has been somewhat predictable. The company’s stock reached a 1-year high price of $70.41 on 06/18/24, while the lowest value for the same period was recorded at $31.00 on 11/30/23.
52-week price history of PSTG Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Pure Storage Inc’s current trading price is -28.92% away from its 52-week high, while its distance from the 52-week low is 61.45%. The stock’s price range during the 52-week period has remained between $31.00 and $70.41. In the Technology sector, the company’s shares saw a trading volume of around 2.96 million for the day, which was evidently higher than the average daily volume of 2.91 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Pure Storage Inc (PSTG) has experienced a quarterly decline of -7.81% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 16.40B and boasts a workforce of 5600 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 56.91, with a change in price of -16.05. Similarly, Pure Storage Inc recorded 2,973,933 in trading volume during the last 100 days, posting a change of -24.28%.
Examining PSTG’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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
As of today, Pure Storage Inc’s raw stochastic average for the last 50 days stands at 28.88%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 1.86%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 39.19% and 53.12%, respectively.
PSTG Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. This year’s metric has recorded a Price increase of 40.35%. However, over the past six months, we’ve seen a stronger performance of -2.68%. The price of PSTG fallen by 0.26% over the last 30 days. And in the last five days, it has fallen by -6.36%.
