PLXS Stock Summary and Trading Ideas (Plexus Corp. | NASDAQ:PLXS)

Plexus Corp is a U.S based Electronic Manufacturing Services company that provides a range of services, from conceptualization and design to fulfilling orders and providing sustaining solutions, such as replenishment and refurbishment. The company's segments comprise AMER, APAC,ge and EMEA.

Plexus Corp. trades on the NASDAQ stock market under the symbol PLXS.

As of April 15, 2024, PLXS stock price declined to $94.75 with 70,321 million shares trading.

PLXS has a beta of 0.69, meaning it tends to be less sensitive to market movements. PLXS has a correlation of 0.11 to the broad based SPY ETF.

PLXS has a market cap of $2.61 billion. This is considered a Mid Cap stock.

Last quarter Plexus Corp. reported $983 million in Revenue and $1.04 earnings per share. This fell short of revenue expectation by $-5 million and missed earnings estimates by -$.04.

In the last 3 years, PLXS stock traded as high as $115.36 and as low as $72.88.

The top ETF exchange traded funds that PLXS belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

PLXS has underperformed the market in the last year with a return of -0.7%, while the SPY ETF gained +25.3%. In the last 3 month period, PLXS fell short of the market, returning -7.9%, while SPY returned +6.2%. However, in the most recent 2 weeks PLXS has outperformed the stock market by returning -0.1%, while SPY returned -3.6%.

PLXS support price is $94.12 and resistance is $97.06 (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 PLXS stock will trade within this expected range on the day.