PLUS Stock Summary and Trading Ideas (Eplus | NASDAQ:PLUS)

ePlus Inc is a holding company. ePlus through its subsidiaries provides information technology solutions. The company's technology solutions enable organizations to optimize their IT environment and supply chain processes. It also provides consulting, professional and managed services, and complete lifecycle management services including flexible financing solutions. ePlus focuses on selling to medium and large enterprises in the United States and to customers in select international markets including the United Kingdom, the European Union, India, Singapore and Israel.

Eplus trades on the NASDAQ stock market under the symbol PLUS.

As of November 8, 2024, PLUS stock price declined to $98.50 with 199,861 million shares trading.

PLUS has a beta of 1.29, meaning it tends to be more sensitive to market movements. PLUS has a correlation of 0.24 to the broad based SPY ETF.

PLUS has a market cap of $2.65 billion. This is considered a Mid Cap stock.

Last quarter Eplus reported $545 million in Revenue and $1.13 earnings per share. This fell short of revenue expectation by $-11 million and missed earnings estimates by -$.04.

In the last 3 years, PLUS traded as high as $106.98 and as low as $40.37.

The top ETF exchange traded funds that PLUS belongs to (by Net Assets): IJR, CALF, VTI, IWM, VGT.

PLUS has outperformed the market in the last year with a return of +68.6%, while the SPY ETF gained +38.4%. In the last 3 month period, PLUS beat the market returning +14.7%, while SPY returned +13.1%. However, in the most recent 2 weeks PLUS has underperformed the stock market by returning +0.9%, while SPY returned +3.3%.

PLUS support price is $96.35 and resistance is $100.79 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PLUS shares will trade within this expected range on the day.