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Examining the Potential Price Growth of ePlus Inc (PLUS)

ePlus Inc’s recently made public that its Officer RAIGUEL DARREN S acquired Company’s shares for reported $0.46 million on Aug 20 ’24. In the deal valued at $91.10 per share,5,000 shares were bought.

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Then, Marion Elaine D sold 5,000 shares, generating $367,239 in total proceeds. Upon selling the shares at $73.45, the Chief Financial Officer now owns 53,996 shares.

Before that, RAIGUEL DARREN S sold 4,833 shares. ePlus Inc shares valued at $388,449 were divested by the Chief Operating Officer at a price of $80.37 per share. As a result of the transaction, RAIGUEL DARREN S now holds 33,290 shares, worth roughly $3.04 million.

Sidoti downgraded its ePlus Inc [PLUS] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Sidoti’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “a Buy”. Sidoti also remained covering PLUS and has decreased its forecast on December 09, 2020 with a “Neutral” recommendation from previously “Buy” rating. Berenberg revised its rating on February 11, 2020. It rated PLUS as “a Buy” which previously was an “a Hold”.

Price Performance Review of PLUS

On Tuesday, ePlus Inc [NASDAQ:PLUS] saw its stock fall -1.06% to $91.25. Over the last five days, the stock has gained 1.67%. ePlus Inc shares have risen nearly 14.29% since the year began. Nevertheless, the stocks have risen 46.92% over the past one year. While a 52-week high of $93.48 was reached on 07/31/24, a 52-week low of $53.53 was recorded on 02/07/24. SMA at 50 days reached $80.54, while 200 days put it at $76.48.

Levels Of Support And Resistance For PLUS Stock

The 24-hour chart illustrates a support level at 90.50, which if violated will result in even more drops to 89.76. On the upside, there is a resistance level at 92.02. A further resistance level may holdings at 92.80. The Relative Strength Index (RSI) on the 14-day chart is 62.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.71, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.64%. Stochastics%K at 90.66% indicates the stock is a selling.

How much short interest is there in ePlus Inc?

A steep rise in short interest was recorded in ePlus Inc stocks on 2024-07-31, growing by 0.1 million shares to a total of 0.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 0.69 million shares. There was a rise of 12.8%, which implies that there is a positive sentiment for the stock.

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