Does Pure Storage Inc (NYSE:PSTG) Look Expensive At $61.05? Here’s How To Know.

In last trading session, Pure Storage Inc (NYSE:PSTG) saw 3.47 million shares changing hands with its beta currently measuring 1.06. Company’s recent per share price level of $61.05 trading at $1.04 or 1.73% at ring of the bell on the day assigns it a market valuation of $19.85B. That closing price of PSTG’s stock is at a discount of -1.92% from its 52-week high price of $62.22 and is indicating a premium of 60.36% from its 52-week low price of $24.20. Taking a look at company’s average trading volume volume of 3.51 million if we extend that period to 3-months.

Pure Storage Inc (NYSE:PSTG) trade information

Upright in the green during last session for gaining 1.73%, in the last five days PSTG remained trading in the green while hitting it’s week-highest on Thursday, 05/23/24 when the stock touched $61.05 price level, adding 1.88% to its value on the day. Pure Storage Inc’s shares saw a change of 71.20% in year-to-date performance and have moved 3.21% in past 5-day. Pure Storage Inc (NYSE:PSTG) showed a performance of 16.91% in past 30-days.

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Pure Storage Inc (PSTG) estimates and forecasts

Statistics highlight that Pure Storage Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 63.28% of value to its shares in past 6 months, showing an annual growth rate of 11.97% while that of industry is 25.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

In 2024, company’s earnings growth rate is likely to be around 7.38% while estimates for its earnings growth in next 5 years are of 17.70%.

PSTG Dividends

Pure Storage Inc is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.