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PLXS
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
2.56B

PLXS Plexus Corp Forecast, Technical & Fundamental Analysis

a provider of electronic manufacturing services

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for PLXS with price predictions
08:00 PM EDT Oct 02, 2023

PLXS sees its 50-day moving average cross bearishly below its 200-day moving average

The 50-day moving average for PLXS moved below the 200-day moving average on September 22, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

PLXS moved below its 50-day moving average on September 05, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for PLXS crossed bearishly below the 50-day moving average on September 08, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PLXS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

PLXS broke above its upper Bollinger Band on September 28, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for PLXS entered a downward trend on October 02, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where PLXS's RSI Indicator exited the oversold zone, of 16 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on September 27, 2023. You may want to consider a long position or call options on PLXS as a result. In of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for PLXS just turned positive on September 28, 2023. Looking at past instances where PLXS's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PLXS advanced for three days, in of 322 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock better than average.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PLXS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.165) is normal, around the industry mean (6.906). P/E Ratio (17.668) is within average values for comparable stocks, (25.002). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.039). PLXS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.025). P/S Ratio (0.611) is also within normal values, averaging (3.823).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Corning (NYSE:GLW), Universal Display Corp (NASDAQ:OLED).

Industry description

The Electronic Components industry produces electronic equipment for industries and consumer electronics products, such as mobile devices, televisions, and circuit boards. TE Connectivity Ltd, for example, is a company that designs and manufactures connectivity and sensor products for harsh environments in various industries, such as automotive, industrial equipment, aerospace, and oil & gas. Another major player, Corning Inc., makes advanced optics including end-to-end fiber and wireless solutions for communications networks along with various other technologies catering to industrial and scientific applications.

Market Cap

The average market capitalization across the Electronic Components Industry is 5.39B. The market cap for tickers in the group ranges from 3.89K to 305B. MAWAF holds the highest valuation in this group at 305B. The lowest valued company is ALPE at 3.89K.

High and low price notable news

The average weekly price growth across all stocks in the Electronic Components Industry was 4%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 3%. ZTSTF experienced the highest price growth at 346%, while BMNR experienced the biggest fall at -22%.

Volume

The average weekly volume growth across all stocks in the Electronic Components Industry was 133%. For the same stocks of the Industry, the average monthly volume growth was 164% and the average quarterly volume growth was 126%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 39
P/E Growth Rating: 55
Price Growth Rating: 61
SMR Rating: 65
Profit Risk Rating: 74
Seasonality Score: 20 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

PLXS is expected to report earnings to rise 3.79% to $1.37 per share on October 25

Plexus Corp PLXS Stock Earnings Reports
Q3'23
Est.
$1.37
Q2'23
Beat
by $0.16
Q1'23
Beat
by $0.30
Q4'22
Missed
by $0.02
Q3'22
Beat
by $0.51
The last earnings report on July 26 showed earnings per share of $1.32, beating the estimate of $1.16. With 104.96K shares outstanding, the current market capitalization sits at 2.56B.
A.I. Advisor
published General Information

General Information

a provider of electronic manufacturing services

Industry ElectronicComponents

Profile
Fundamentals
Details
Industry
Electronic Components
Address
One Plexus Way
Phone
+1 920 969-6000
Employees
25000
Web
https://www.plexus.com
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PLXS and

Correlation & Price change

A.I.dvisor indicates that over the last year, PLXS has been loosely correlated with SANM. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if PLXS jumps, then SANM could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PLXS
1D Price
Change %
PLXS100%
-0.59%
SANM - PLXS
63%
Loosely correlated
-0.66%
BHE - PLXS
61%
Loosely correlated
-0.70%
FLEX - PLXS
58%
Loosely correlated
-1.22%
TTMI - PLXS
57%
Loosely correlated
-1.86%
APH - PLXS
56%
Loosely correlated
-0.57%
More

Groups containing PLXS

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PLXS
1D Price
Change %
PLXS100%
-0.59%
electronic components
(undefined stocks)
67%
Closely correlated
-1.78%
components
(undefined stocks)
63%
Loosely correlated
-1.50%
electronic
(undefined stocks)
57%
Loosely correlated
-1.72%
Electronic Components
(undefined stocks)
56%
Loosely correlated
+2.77%