Pure Storage, Inc.’s (NYSE:PSTG) Share Price Matching Investor Opinion
When close to half the companies in the Tech industry in the United States have price-to-sales ratios (or “P/S”) below 1.6x, you may consider Pure Storage, Inc. (NYSE:PSTG) as a stock to avoid entirely with its 5.6x P/S ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly elevated P/S.
See our latest analysis for Pure Storage
How Has Pure Storage Performed Recently?
Recent times have been advantageous for Pure Storage as its revenues have been rising faster than most other companies. It seems the market expects this form will continue into the future, hence the elevated P/S ratio. You’d really hope so,…
