Worthy Analytical Review for Pure Storage, Inc. (NYSE:PSTG)


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Pure Storage, Inc. (NYSE:PSTG) for the period of 9-Day stands at 87.31% while the stochastic %D for the same period stands at 84.1%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Pure Storage, Inc. (NYSE:PSTG) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Pure Storage, Inc. (NYSE:PSTG) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently Pure Storage, Inc. (NYSE:PSTG)’s 20-Day Bollinger Band indicates “Hold”.

About Company

Pure Storage, Inc. offers enterprise data storage platform. The company’s storage platform provides Purity Operating Environment, a flash-optimized software; FlashArray, a modular and scalable all-flash array hardware and Pure1, a cloud-based management and support platform. It operates primarily in the United States, Europe and Asia. The company serves cloud-based software and service providers, consumer Web, education, energy, financial services, governments, healthcare, manufacturing, media, retail and telecommunications sectors. Pure Storage, Inc. is headquartered in Mountain View, California.

Previous Day Activity Analysis

On the last trading day, Pure Storage, Inc. (NYSE:PSTG) opened the session at $16.05 and after going up 1.5% closed at $16.27. The stock gained 0.22 points in the last trade.

Pure Storage, Inc. (NYSE:PSTG)’s stock fluctuated in the range of $15.97 and $16.35 during the previous active session. Pure Storage, Inc. (NYSE:PSTG) traded with the volume of 1.12 Million with average volume of 1.64 Million. The stock has LOW volatility on the last trading session.

Currently the Beta for the company remains at 0 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.38 and 67.94 respectively.

Currently the Insider Ownership of the shares of Pure Storage, Inc. (NYSE:PSTG) is at 1.4% and the shares outstanding are 211.09 Million.

Important Ratio Analysis

Some important ratios to consider here for Pure Storage, Inc. (NYSE:PSTG) are discussed below:

Dividend yield of Pure Storage, Inc. (NYSE:PSTG) stands at 0% whereas Price to Earnings P/E ratio stands at 0 while Forward P/E shows the value of 428.16.

The Price to Sale P/S and Price to Book P/B shows the value of 4.13 and 7.04 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 6.57 and 0 correspondingly.

The Quick Ratio of Pure Storage, Inc. (NYSE:PSTG) stands at 2.6 while the Current Ratio depicts the value of 2.7.

Return on Assets ROA of Pure Storage, Inc. (NYSE:PSTG) is at -28% whereas, Return on Equity ROE and Return of Investment ROI of Pure Storage, Inc. (NYSE:PSTG) stand at -52.7% and -51.6% respectively.

Stock Performance Analysis

The stock performance of Pure Storage, Inc. (NYSE:PSTG) on the basis of 5 day trade show the jump of 6.69% whereas, the monthly performance of the stock shows increase of 10.83%.

The quarterly performance of the stock remained in green zone with the value of 19.11% while six month performance of the shares of Pure Storage, Inc. (NYSE:PSTG) remained bullish with the count of 57.05%.

The yearly and YTD performance of Pure Storage, Inc. (NYSE:PSTG) remained up at 28.11% and 43.85% respectively.