Could PCM, Inc. (PCMI) See a Reversal After This Very Strong Session?

April 23, 2018 - By Larry Anderson


The stock of PCM, Inc. (NASDAQ:PCMI) is a huge mover today! The stock increased 8.42% or $0.8 during the last trading session, reaching $10.3. About 167,360 shares traded. PCM, Inc. (NASDAQ:PCMI) has declined 70.06% since April 23, 2017 and is downtrending. It has underperformed by 81.61% the S&P500.
The move comes after 9 months positive chart setup for the $121.46 million company. It was reported on Apr, 23 by We have $11.02 PT which if reached, will make NASDAQ:PCMI worth $8.50M more.

Analysts await PCM, Inc. (NASDAQ:PCMI) to report earnings on April, 26. They expect $0.25 EPS, down 16.67 % or $0.05 from last year’s $0.3 per share. PCMI’s profit will be $2.95 million for 10.30 P/E if the $0.25 EPS becomes a reality. After $0.13 actual EPS reported by PCM, Inc. for the previous quarter, Wall Street now forecasts 92.31 % EPS growth.

PCM, Inc. (NASDAQ:PCMI) Ratings Coverage

Among 3 analysts covering PCM Inc (NASDAQ:PCMI), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. PCM Inc had 4 analyst reports since November 2, 2017 according to SRatingsIntel. B. Riley & Co maintained PCM, Inc. (NASDAQ:PCMI) rating on Tuesday, November 7. B. Riley & Co has “Buy” rating and $20 target. The rating was maintained by Roth Capital on Thursday, March 8 with “Buy”.

PCM, Inc., through its subsidiaries, operates as a multi-vendor well-known provider of technology products and solutions primarily in the United States and Canada. The company has market cap of $121.46 million. The firm operates through three divisions: Commercial, Public Sector, and Canada. It has a 42.92 P/E ratio. It primarily sells device products, servers, storage products, networks, printers, and related accessories and devices.

PCM, Inc. (NASDAQ:PCMI) Institutional Positions Chart

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