Pure Storage Stock Current Asset

PSTG Stock  USD 51.99  0.56  1.07%   
Pure Storage fundamentals help investors to digest information that contributes to Pure Storage's financial success or failures. It also enables traders to predict the movement of Pure Stock. The fundamental analysis module provides a way to measure Pure Storage's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Pure Storage stock.
The Pure Storage's current Non Current Assets Total is estimated to increase to about 1.3 B, while Other Current Assets are projected to decrease to roughly 103.3 M.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Pure Current Asset Analysis

Pure Storage's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
 2021 2022 2023 2024 (projected)
Gross Profit1.5B1.9B2.0B1.0B
Total Revenue2.2B2.8B2.8B1.5B

Current Asset

 = 

Cash

+

Deposits

+

Liquid Assets

More About Current Asset | All Equity Analysis

Current Pure Storage Current Asset

    
  788.07 M  
Most of Pure Storage's fundamental indicators, such as Current Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Pure Storage is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Pure Current Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for Pure Storage is extremely important. It helps to project a fair market value of Pure Stock properly, considering its historical fundamentals such as Current Asset. Since Pure Storage's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Pure Storage's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Pure Storage's interrelated accounts and indicators.
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Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
Competition

Pure Total Assets

Total Assets

2.09 Billion

At this time, Pure Storage's Total Assets are most likely to increase significantly in the upcoming years.
In accordance with the recently published financial statements, Pure Storage has a Current Asset of 788.07 M. This is 97.21% lower than that of the Technology Hardware, Storage & Peripherals sector and significantly higher than that of the Information Technology industry. The current asset for all United States stocks is 91.56% higher than that of the company.

Pure Current Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Pure Storage's direct or indirect competition against its Current Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Pure Storage could also be used in its relative valuation, which is a method of valuing Pure Storage by comparing valuation metrics of similar companies.
Pure Storage is currently under evaluation in current asset category among related companies.

Pure Fundamentals

About Pure Storage Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Pure Storage's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Pure Storage using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Pure Storage based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2024
Non Current Assets Total1.2 B1.3 B
Other Current Assets173.4 M103.3 M
Total Current Assets2.4 B1.6 B

Pure Storage Investors Sentiment

The influence of Pure Storage's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Pure. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Pure Storage's public news can be used to forecast risks associated with an investment in Pure. The trend in average sentiment can be used to explain how an investor holding Pure can time the market purely based on public headlines and social activities around Pure Storage. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Pure Storage's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Pure Storage's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Pure Storage's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Pure Storage.

Pure Storage Implied Volatility

    
  35.38  
Pure Storage's implied volatility exposes the market's sentiment of Pure Storage stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Pure Storage's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Pure Storage stock will not fluctuate a lot when Pure Storage's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Pure Storage in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Pure Storage's short interest history, or implied volatility extrapolated from Pure Storage options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Pure Storage using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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When determining whether Pure Storage is a strong investment it is important to analyze Pure Storage's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Pure Storage's future performance. For an informed investment choice regarding Pure Stock, refer to the following important reports:
Check out Pure Storage Piotroski F Score and Pure Storage Altman Z Score analysis.
For more detail on how to invest in Pure Stock please use our How to Invest in Pure Storage guide.
You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Complementary Tools for Pure Stock analysis

When running Pure Storage's price analysis, check to measure Pure Storage's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pure Storage is operating at the current time. Most of Pure Storage's value examination focuses on studying past and present price action to predict the probability of Pure Storage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pure Storage's price. Additionally, you may evaluate how the addition of Pure Storage to your portfolios can decrease your overall portfolio volatility.
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Is Pure Storage's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Pure Storage. If investors know Pure will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Pure Storage listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.13)
Earnings Share
0.19
Revenue Per Share
9.077
Quarterly Revenue Growth
(0.03)
Return On Assets
0.0155
The market value of Pure Storage is measured differently than its book value, which is the value of Pure that is recorded on the company's balance sheet. Investors also form their own opinion of Pure Storage's value that differs from its market value or its book value, called intrinsic value, which is Pure Storage's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Pure Storage's market value can be influenced by many factors that don't directly affect Pure Storage's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Pure Storage's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pure Storage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pure Storage's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.