ePlus Inc (NASDAQ: PLUS)’s stock price has dropped by -16.01 in relation to previous closing price of 95.22. Nevertheless, the company has seen a loss of -18.39% in its stock price over the last five trading days. zacks.com reported 2024-11-12 that EPlus (PLUS) came out with quarterly earnings of $1.36 per share, missing the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.40 per share a year ago.
Is It Worth Investing in ePlus Inc (NASDAQ: PLUS) Right Now?
The price-to-earnings ratio for ePlus Inc (NASDAQ: PLUS) is above average at 19.84x. The 36-month beta value for PLUS is also noteworthy at 1.13. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PLUS is 26.28M, and at present, short sellers hold a 2.75% of that float. The average trading volume of PLUS on November 14, 2024 was 151.15K shares.
PLUS’s Market Performance
The stock of ePlus Inc (PLUS) has seen a -18.39% decrease in the past week, with a -20.91% drop in the past month, and a -13.00% fall in the past quarter. The volatility ratio for the week is 4.54%, and the volatility levels for the past 30 days are at 3.46% for PLUS. The simple moving average for the past 20 days is -15.81% for PLUS’s stock, with a -4.44% simple moving average for the past 200 days.
Analysts’ Opinion of PLUS
Many brokerage firms have already submitted their reports for PLUS stocks, with Sidoti repeating the rating for PLUS by listing it as a “Neutral.” The predicted price for PLUS in the upcoming period, according to Sidoti is $83 based on the research report published on January 08, 2024 of the current year 2024.
PLUS Trading at -16.22% from the 50-Day Moving Average
After a stumble in the market that brought PLUS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.24% of loss for the given period.
Volatility was left at 3.46%, however, over the last 30 days, the volatility rate increased by 4.54%, as shares sank -19.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.34% lower at present.
During the last 5 trading sessions, PLUS fell by -18.39%, which changed the moving average for the period of 200-days by +3.03% in comparison to the 20-day moving average, which settled at $95.00. In addition, ePlus Inc saw 0.18% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PLUS starting from Marion Elaine D, who sale 5,000 shares at the price of $92.19 back on Sep 16 ’24. After this action, Marion Elaine D now owns 64,442 shares of ePlus Inc, valued at $460,926 using the latest closing price.
Marion Elaine D, the Officer of ePlus Inc, proposed sale 5,000 shares at $92.16 during a trade that took place back on Sep 16 ’24, which means that Marion Elaine D is holding shares at $460,781 based on the most recent closing price.
Stock Fundamentals for PLUS
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.3 for the gross margin
The net margin for ePlus Inc stands at 0.06. The total capital return value is set at 0.14. Equity return is now at value 12.04, with 6.50 for asset returns.
Based on ePlus Inc (PLUS), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 8.11. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 62.54.
Currently, EBITDA for the company is 185.87 million with net debt to EBITDA at -0.86. When we switch over and look at the enterprise to sales, we see a ratio of 1.14. The receivables turnover for the company is 2.42for trailing twelve months and the total asset turnover is 1.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.75.
Conclusion
In summary, ePlus Inc (PLUS) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
