The market performance of Pure Storage Inc has been somewhat stable. Over the past year, the company’s stock achieved a high of $70.41 on 06/18/24, with the lowest value for the same timeframe being $32.54, recorded on 12/13/23.
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 -11.21% away from its 52-week high, while its distance from the 52-week low is 92.13%. The stock’s price range during this period has fluctuated between $32.54 and $70.41. Shares of the company, which operates in the Technology sector, recorded a trading volume of around 2.05 million for the day, which was evidently lower than the average daily volume of 3.02 million over the last three months.
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Financial Performance and Market Capitalization
Pure Storage Inc (PSTG) has experienced a quarterly rise of 27.85% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 20.49B 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 53.98, with a change in price of +1.28. Similarly, Pure Storage Inc recorded 3,043,837 in trading volume during the last 100 days, posting a change of +2.09%.
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 0.21. Similarly, the long-term debt-to-equity ratio is also 0.10.
PSTG Stock Stochastic Average
Pure Storage Inc’s raw stochastic average for the past 50 days is currently at 76.18%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 73.17%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 71.16% and 74.51%, respectively.
PSTG Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a gain of 75.32%.However, over the last six months, we can see a stronger performance of -8.46%. Over the last 30 days, the price of PSTG has fallen by 24.67%. And in the last five days, it has fallen by -0.06%.
