Investors’ Patience Is Being Tested Right Now By Pure Storage Inc (NYSE: PSTG)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Yahoo Finance discussed the stock recently as it posted Pure Storage Accelerates Enterprise AI Adoption to Meet Growing Demands with NVIDIA AI.

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Stocks Info

Pure Storage Inc is listed on the NYSE as a member of the Technology sector and is a part of the Computer Hardware industry. The current market capitalization of Pure Storage Inc is $16.65B. A total of 2.71 million shares were traded on the day, compared to an average of 5.03M shares.

In the most recent transaction, FitzSimons Dan sold 36,437 shares of PSTG for 53.80 per share on Mar 01 ’24. After the transaction, the Chief Revenue Officer now owns 90,559 company shares. In a previous transaction on Mar 01 ’24, Chu Mona sold 6,853 shares at 55.66 per share. PSTG shares that Chief Accounting Officer owns now total 133,100.

Among the insiders who sold shares, Krysler P. Kevan disposed of 26,257 shares on Dec 28 ’23 at a per-share price of $35.89. This resulted in the Chief Financial Officer holding 444,021 shares of PSTG after the transaction. In another insider transaction, Taylor Roxanne sold 16,216 shares at $37.05 per share on Dec 19 ’23. Company shares held by the Director now total 55,743.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, PSTG has a high of $58.46 and a low of $22.14.

As of this writing, PSTG has an earnings estimate of $0.21 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $0.26 per share and a lower estimate of $0.18. The company reported an EPS of $0.5 in the last quarter, which was 25.00% higher than expectations of $0.4.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PSTG’s latest balance sheet shows that the firm has $1.41B in Cash & Short Term Investments as of fiscal 2022. There were $916.39M in debt and $952.32M in liabilities at the time. Its Book Value Per Share was $3.63, while its Total Shareholder’s Equity was $754.34M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PSTG is Buy with a score of 4.58.

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