Stock Rating Downgrade
In the last week the Value Trend Rating for ePlus Inc (NASDAQ: PLUS) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
ePlus Inc (NASDAQ: PLUS) stock closed at $98.92 on 9/20/24 after a decline of -2.1%. Moreover, exceptionally high trading volume at 472% of normal accompanied the decline. The stock has risen 12.1% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
PLUS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
ePlus has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. ePlus has a neutral Appreciation Score of 49 but a good Power Rating of 77, resulting in the High Neutral Value Trend Rating.
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