ePlus Inc (NASDAQ: PLUS) is -3.56% 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 $70.42 in the last trading session, with the day’s gains setting it 0.83%.
Currently trading at $71.25, the stock is 1.46% and 8.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.16 million and changing 1.18% at the moment leaves the stock -7.28% off its SMA200. PLUS registered -1.97% loss for a year compared to 6-month loss of -7.64%.
The stock witnessed a 7.79% gain in the last 1 month and extending the period to 3 months gives it a 8.80%, and is -0.59% down 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 1.94% over the week and 1.71% over the month.
ePlus Inc (PLUS) has around 2199 employees, a market worth around $1.89B and $2.04B in sales. Current P/E ratio is 17.58 and Fwd P/E is 13.70. Profit margin for the company is 5.29%. Distance from 52-week low is 32.36% and -33.40% from its 52-week high. The company has generated returns on investments over the last 12 months (10.77%).
The EPS is expected to grow by 3.64% this year
The shares outstanding are 26.53M, and float is at 25.90M with Short Float at 2.41%.
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 9.109 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 1.42 million shares representing 5.325 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).
