Pluxee Shares Bounce Back 2.5% and Rise Above Their 20-Day Moving Average
The employee benefits specialist regains momentum at the Paris Stock Exchange, in a well-oriented Parisian market. The stock benefits from an upward movement that brings it back to the contact of watched technical thresholds, after several weeks of turbulent trading.
The stock advances 2.6% to €11.44 and rises above its 20-day moving average
Pluxee shares gained 2.6% to €11.44 in early afternoon trading, while the SBF 120 index rose by 0.64%. The stock has moved above its 20-day moving average (€11.29), with a gap of 1.33%, after having traded below this threshold in recent sessions. The RSI at 44 remains in the neutral zone, indicating that the rebound is not yet accompanied by a marked buying momentum.
The 50-day moving average (€11.75) and the 200-day moving average (€12.63) remain higher, at respectively 2.64% and 9.42% above the current price, which suggests that the medium-term trend is still weakened. Over three months, the stock nevertheless shows a gain of 14.74%, while the loss over one year still reaches 37.93%.
Quarterly Revenue Announcement Expected on July 3
Today's rebound comes just a few sessions before a key date for the stock: the third quarter revenue is expected on July 3. Edenred, the main direct competitor, is up 1.7% in the session, illustrating a favorable orientation of the employee benefits segment. Based on the consensus of analysts surveyed, the stock is trading at about 7.6 times the earnings of the current fiscal year and 7.5 times those of the next fiscal year, with an expected EPS growth of 1.5% from one year to the next. The July 3 publication will be the next milestone to assess the group's business momentum.
