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Pure Storage (STU:6PU) 6-Month Price Index : 1.88 (As of Jun. 04, 2024)


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What is Pure Storage 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-06-04), Pure Storage's 6-Month Price Index is 1.88.

Competitive Comparison of Pure Storage's 6-Month Price Index

For the Computer Hardware subindustry, Pure Storage's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Pure Storage  (STU:6PU) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Pure Storage  (STU:6PU) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Pure Storage 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of Pure Storage's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

Pure Storage (STU:6PU) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Pure Storage Inc (STU:6PU) » Definitions » 6-Month Price Index
Comparable Companies
SMCI WDC STX NTAP IONQ CRCT CRSR SSYS NNDM DDD ANET DELL SZSE:002415 HPQ TPE:2382 TSE:7751 SHSE:688041 HKSE:00992 XSWX:LOGN TPE:2395
Traded in Other Exchanges
PSTG:USA
Address
650 Castro Street, Suite 400, Mountain View, CA, USA, 94041
Website
http://www.purestorage.com
Pure Storage Inc is a US-based company that provides an enterprise data storage platform that transforms business through a dramatic increase in performance and reduction in complexity and costs. It generates revenue from two sources: product revenue which includes the sale of integrated storage hardware and embedded operating system software and; subscription services revenue which includes Evergreen Storage subscriptions, a unified subscription which includes Pure as-a-Service, and Cloud Block Store, and Portworx. Subscription services revenue also includes professional services offerings such as installation and implementation consulting services.

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