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ePlus inc. stock (NASDAQ: PLUS) has lost around 1% in the last one week, underperforming the S&P 500 (up 0.03%). But, if you look at the change over the last one month (21 trading days), the stock has increased 8.5% vs a 3.2% rise in the S&P500. The company is a technology solutions provider of professional & managed services for cloud, security, data center, and digital infrastructure. The street was expecting its earnings to grow in the second quarter (FY April-March), which led to the rise in the stock price at the start of November. The trend continued till November 10, with the company surpassing the revenues and earnings consensus estimates. However, the stock has declined 8.5% since then.
Now, is PLUS stock set to drop further, or could we expect some recovery? We believe that there is a 57% chance of a rise in ePlus inc. stock over the next month (21 trading days) based on our machine learning analysis of trends in the stock price over the last one year. See our analysis on ePlus inc. Stock Chance of Rise.
Chance of Rise
Trefis
Twenty-One Day: PLUS 8.5%, vs. S&P500 3.2%; Outperformed market
(20% likelihood event; 57% probability of rise over next 21 days)
- ePlus inc. stock gained a 8.5% over the last twenty-one trading days (one month), compared to a broader market (S&P500) rise of 3.2%
- A change of 8.5% or more over twenty-one trading days is a 20% likelihood event, which has occurred 63 times out of 310 in the last one year
- Of these 63 instances, the stock has seen a positive movement over the next twenty-one trading days on 36 occasions
- This points to a 57% probability for the stock rising over the next twenty-one trading days
Ten Day: PLUS -2.8%, vs. S&P500 -0.3%; Underperformed market
(23% likelihood event; 49% probability of rise over next 10 days)
- ePlus inc. stock decreased 2.8% over the last ten trading days (two weeks), compared to broader market (S&P500) drop of 0.3%
- A change of -2.8% or more over ten trading days is a 23% likelihood event, which has occurred 70 times out of 310 in the last one year
- Of these 70 instances, the stock has seen a positive movement over the next ten trading days on 34 occasions
- This points to a 49% probability for the stock rising over the next ten trading days
Five Day: PLUS -1.1%, vs. S&P500 0.03%; Outperformed market
(31% likelihood event; 52% probability of rise over next five days)
- ePlus inc. stock fell 1.1% over a five-day trading period ending 11/22/2021, compared to the broader market (S&P500) rise of 0.03%
- A change of -1.1% or more over five trading days (one week) is a 31% likelihood event, which has occurred 97 times out of 310 in the last one year
- Of these 97 instances, the stock has seen a positive movement over the next five trading days on 50 occasions
- This points to a 52% probability for the stock rising over the next five trading days
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