An Evaluation Of Pure Storage Inc (NYSE: PSTG) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Pure Storage Empowers Andra to Meet Sustainability Goals with an 80% Reduction in Data Center Footprint.

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Stocks Info

PSTG belongs to the Technology sector of the NYSE while operating in the Computer Hardware industry. The current market capitalization of Pure Storage Inc is $17.13B. A total of 2.44 million shares were traded on the day, compared to an average of 3.92M shares.

In the most recent transaction, Singh Ajay sold 37,588 shares of PSTG for 53.54 per share on Apr 05 ’24. After the transaction, the Chief Product Officer now owns 380,834 company shares. In a previous transaction on Apr 05 ’24, Pure Storage, Inc. sold 7,500 shares at 52.80 per share. PSTG shares that Director owns now total 28,896.

Among the insiders who sold shares, Dietzen Scott disposed of 272,541 shares on Apr 04 ’24 at a per-share price of $53.33. This resulted in the Director holding 645,971 shares of PSTG after the transaction. In another insider transaction, Taylor Roxanne sold 36,860 shares at $53.76 per share on Apr 04 ’24. Company shares held by the Director now total 18,883.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. 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

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $3.97, while its Total Shareholder’s Equity was $754.34M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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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