Pure Storage Inc. [PSTG] is -18.59% lower this YTD. Is it still time to buy?


Pure Storage Inc. [NYSE: PSTG] The trading session closed at $26.50 on 09/22/22. Today’s price range saw the stock record a low of $25.98 while the highest was $27.44. Company report on September 21, 2022 This pure storage expands leadership in sustainability, and helps customers take great strides in their environmental journey.

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Pure Environmental Analysis expands across its entire product portfolio; Pure1 Sustainability Assessment was introduced to help customers measure and manage their energy use.

Pure Storage® (NYSE: PSTG), the leading information technology company providing the world’s latest data storage technology and services, has announced advances in its sustainability efforts, helping customers significantly reduce their energy use and environmental footprint. .

The stock has an annual performance so far of -18.59 percent and a weekly performance of -7.70 percent. The stock has moved at -23.26 percent over the past six months. The stock has performed -10.71 percent in the last 30 days and changed -0.38 percent over the last three months.

If compared to the average trading volume of 3.20 million shares, PSTG reached a volume of 8745844 on the last trading day, which is why market watchers consider the stock to be active.

Here’s what leading stock market gurus are saying about Pure Storage Inc. [PSTG]:

Based on careful, fact-backed analysis by Wall Street experts, the current consensus on a target price for PSTG shares is $39.44 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus for PSTG stock is a set recommendation at 2.10. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.

Credit Suisse has made an appreciation for the shares of Pure Storage Inc. , retaining their opinion of the stock as Outperform, with their previous recommendation back on August 17, 2022. While these analysts held the previous recommendation, BofA Securities lowered its price target from $34 to $27. The new price target note was released on May 20, 2022, which is the official target price for Pure Storage Inc.’s stock. Previously, the target price had received another increase to $36, while UBS analysts maintained a neutral rating on PSTG shares. On March 03, 2022, analysts raised their price target for PSTG shares from 37 to 40.

The Average True Range (ATR) is set for Pure Storage Inc. at 1.04, with a price-to-sales ratio for PSTG stock in the past 12-month period at 3.09. The price-to-book ratio for the last quarter was 10.35, with the price-to-cash ratio per share in the same quarter set at 4.61.

PSTG stock trading performance evaluation

Pure Storage Inc. [PSTG] It fell into the red at the end of last week, fell in a negative direction and fell by -7.70. With this latest performance, PSTG shares are down -10.71% over the past four-week period, and are also down -23.26% over the past six months – not to mention a 0.42% rise in the last year of trading.

Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for PSTG stock for the past two weeks was set at 33.23, with the RSI for the last one trading at 25.32, and the three-week RSI for Pure Storage Inc. [PSTG]. The current moving average of the last 50 trading days for this stock is 28.85 while it recorded at 27.79 for the last trading week, and 28.78 for the last 200 days.

Pure Storage Inc. [PSTG]: Insight into the basic fundamentals

Operating margin for any stock indicates how profitable the investment is, and Pure Storage Inc. [PSTG] The equity’s current operating margin is -4.51 and the total margin is +67.52. Net margin was reported to Pure Storage Inc. Currently at -6.57.

The return on equity for this stock fell to -19.05, with the return on assets remaining at -4.81.

The liquidity data of Pure Storage Inc. Interesting too, with a quick ratio of 1.30 and a current ratio of 1.30.

Earnings per share (EPS) analysis for Pure Storage Inc. [PSTG] stock

The company’s progress can be seen through the perspective of the EPS growth rate, while Wall Street analysts focus on forecasting the 5-year EPS growth rate for PSTG. When it comes to the stated value, analysts expect Pure Storage Inc.’s 5-year EPS growth rate to rise. to 31.76%.

Pure Storage Inc. [PSTG]Insiders’ ownership positions

There are currently approximately $6,586 million, or 85.80% of PSTG’s stock, in the hands of institutional investors. The three largest institutional owners of PSTG shares are: FMR LLC with ownership of 36,316,619, which is approximately 9.804% of the company’s market capitalization and approximately 3.80% of the total institutional ownership; VANGUARD GROUP INC, which owns 2,771,902 shares with an approximate value of $734.47 million in PSTG stock; and PRICE T ROWE ASSOCIATES INC/MD/, currently hold $453.14 million in PSTG shares with ownership of approximately -6.669% of the company’s market capitalization.

Positions in the shares of Pure Storage Inc. have increased. held by institutional investors at the end of August and at the time of the August report, as 204 institutional investors consolidated their positions in Pure Storage Inc. [NYSE:PSTG] About 23,734,632 shares. In addition, the number of 195 investors decreased by 21107222 shares, while 61 investors occupied positions with 203.701643 shares. The said changes put institutional holdings at 248.543.497 shares, according to the latest report from the Securities and Exchange Commission. PSTG had 66 new institutional investments totaling 4,289,004 shares, while 65 institutional investors sold positions worth 2,990,692 shares during the same period.

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