ePlus Inc (NASDAQ: PLUS) is -20.03% lower on its value in year-to-date trading and has touched a low of $53.83 and a high of $106.98 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PLUS stock was last observed hovering at around $58.22 in the last trading session, with the day’s gains setting it 0.86%.
Currently trading at $59.08, the stock is -2.02% and -7.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.13 million and changing 1.48% at the moment leaves the stock -26.83% off its SMA200. PLUS registered -22.88% loss for a year compared to 6-month loss of -41.57%. The firm has a 50-day simple moving average (SMA 50) of $63.9432 and a 200-day simple moving average (SMA200) of $80.7441.
The stock witnessed a -9.79% gain in the last 1 month and extending the period to 3 months gives it a -26.27%, and is 2.14% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.80% over the week and 4.11% over the month.
ePlus Inc (PLUS) has around 1900 employees, a market worth around $1.57B and $2.10B in sales. Current P/E ratio is 15.07 and Fwd P/E is 12.83. Profit margin for the company is 4.99%. Distance from 52-week low is 9.75% and -44.77% from its 52-week high. The company has generated returns on investments over the last 12 months (10.78%).
with sales reaching $523.85M over the same period.The EPS is expected to shrink by -10.26% this year, but quarterly earnings will post -5.88% year-over-year. Quarterly sales are estimated to shrink -5.52% in year-over-year returns.
340.0 institutions hold shares in ePlus Inc (PLUS), with institutional investors hold 102.92% of the company’s shares. The shares outstanding are 26.70M, and float is at 26.04M with Short Float at 3.08%. Institutions hold 100.75% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.26 million shares valued at $313.98 million. The investor’s holdings represent 15.995 of the PLUS Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.43 million shares valued at $178.81 million to account for 9.1083 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 1.42 million shares representing 5.3246 and valued at over $104.53 million, while PACER ADVISORS, INC. holds 4.3468 of the shares totaling 1.16 million with a market value of $85.33 million.
ePlus Inc (PLUS) Insider Activity
The most recent transaction is an insider sale by Marion Elaine D, the company’s Chief Financial Officer. SEC filings show that Marion Elaine D sold 5,000 shares of the company’s common stock on Sep 16 ’24 at a price of $92.19 per share for a total of $0.46 million. Following the sale, the insider now owns 64442.0 shares.
Still, SEC filings show that on Aug 26 ’24, Callies John E (Director) disposed off 1,050 shares at an average price of $95.68 for $0.1 million. The insider now directly holds 19,443 shares of ePlus Inc (PLUS).
