PSTG
Pure Storage, Inc. Technology - Data Storage Investor Relations →
Pure Storage, Inc. (PSTG) closed at $62.63 as of 2026-03-20, trading 31.0% above its 200-week moving average of $47.81. The stock moved further from the line this week, up from 29.2% last week. The 14-week RSI sits at 37, indicating neutral momentum.
Trading volume is running at 1.0x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.95 ratio) is neutral — neither side is clearly dominating.
Over the past 497 weeks of data, PSTG has crossed below its 200-week moving average 13 times. On average, these episodes lasted 7 weeks. Historically, investors who bought PSTG at the start of these episodes saw an average one-year return of +39.6%.
With a market cap of $20.7 billion, PSTG is a large-cap stock. The company generates a free cash flow yield of 1.8%. Return on equity stands at 13.7%. The stock trades at 14.3x book value.
Share count has increased 11.4% over three years, indicating dilution.
Over the past 9.6 years, a hypothetical investment of $100 in PSTG would have grown to $462, compared to $351 for the S&P 500. That represents an annualized return of 17.3% vs 14.0% for the index — confirming PSTG as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 19.6% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: PSTG vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After PSTG Crosses Below the Line?
Across 13 historical episodes, buying PSTG when it crossed below its 200-week moving average produced an average return of +47.8% after 12 months (median +48.0%), compared to +19.3% for the S&P 500 over the same periods. 100% of those episodes were profitable after one year. After 24 months, the average return was +64.8% vs +32.1% for the index.
Each line shows $100 invested at the moment PSTG crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
PSTG has crossed below its 200-week MA 13 times with an average 1-year return of +39.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Sep 2016 | Nov 2016 | 8 | 14.6% | +7.0% | +356.5% |
| Nov 2016 | Jun 2017 | 28 | 28.7% | +32.1% | +387.4% |
| Jun 2017 | Jul 2017 | 2 | 1.5% | +86.4% | +388.9% |
| Jul 2017 | Aug 2017 | 4 | 5.7% | +85.8% | +412.1% |
| Dec 2018 | Jan 2019 | 3 | 5.8% | +12.5% | +317.0% |
| May 2019 | Sep 2019 | 15 | 18.2% | +0.8% | +288.0% |
| Nov 2019 | Dec 2019 | 3 | 2.3% | +14.7% | +289.7% |
| Feb 2020 | Jun 2020 | 16 | 41.7% | +53.2% | +310.4% |
| Aug 2020 | Oct 2020 | 8 | 15.3% | +24.9% | +292.4% |
| Oct 2020 | Nov 2020 | 1 | 6.6% | +66.8% | +289.0% |
| May 2021 | Jun 2021 | 5 | 3.5% | +47.0% | +236.4% |
| Jul 2021 | Jul 2021 | 1 | 5.3% | +44.6% | +249.3% |
| Mar 2025 | Apr 2025 | 1 | 1.1% | N/A | +68.5% |
| Average | 7 | — | +39.6% | — |
Frequently Asked Questions
Is PSTG below its 200-week moving average?
No. Pure Storage, Inc. (PSTG) is currently 31.0% above its 200-week moving average of $47.81. It would need to fall to $47.81 to cross below the line.
What is PSTG's 200-week moving average price?
Pure Storage, Inc.'s 200-week moving average is $47.81 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when PSTG drops below its 200-week moving average?
PSTG has crossed below its 200-week moving average 13 times in our data. On average, buying at that moment produced a one-year return of +39.6%. These dips have historically been decent entry points. These episodes lasted 7 weeks on average.
Is PSTG a good value right now?
Here's what our data says about PSTG as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 37. Free cash flow yield is 1.8%. Return on equity is 13.7%. Price-to-book is 14.3x. This is not a buy or sell recommendation — always do your own research.
How does PSTG compare to the S&P 500?
Over the past 9.6 years, $100 invested in PSTG would have grown to $462, compared to $351 for the S&P 500. That's 17.3% annualized vs 14.0% for the index. PSTG has outperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20