Benzinga · Nov 6, 2023
The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30.
Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
Fathom Digital Manufacturing Corporation (NYSE: FATH)
Fathom Digital Manufacturing named Carey Chen as CEO. The company’s stock has a 52-week low of $2.9930 .
RSI Value: 19.52
FATH Price Action: Shares of Fathom Digital Manufacturing gained 17.5% to close at $4.2873 on Friday.
Spirit Airlines, Inc. (NYSE: SAVE)
Spirit Airlines reported third-quarter revenue declined 6.3% Y/Y to $1,259 million, beating the consensus of $1,258 million. “Softer demand for our product ...
Benzinga · May 13, 2022
Upgrades
B of A Securities upgraded the previous rating for Ritchie Bros Auctioneers Inc (NYSE:RBA) from Underperform to Neutral. In the first quarter, Ritchie Bros Auctioneers showed an EPS of $0.46, compared to $0.25 from the year-ago quarter. The current stock performance of Ritchie Bros Auctioneers shows a 52-week-high of $76.17 and a 52-week-low of $48.65. Moreover, at the end of the last trading period, the closing price was at $58.91.
For Ford Motor Co (NYSE:F), Morgan Stanley upgraded the previous rating of Underweight to Equal-Weight. For the first quarter, Ford Motor had an EPS of $0.38, compared to year-ago quarter EPS of $0.89. The current stock performance of Ford Motor shows a 52-week-high of $25.87 and a 52-week-low of $11.28. Moreover, at the end of the last trading period, the closing price was at $12.44.
For PaySign Inc (NASDAQ:PAYS), Barrington Research upgraded the previous rating of Market Perform to Outperform. For the first quarter, PaySign had an EPS of $0.01, compared to year-ago quarter EPS of $0.03. At the moment, the stock has a 52-week-high of $3.88 and a 52-week-low of $1.15. PaySign closed at $1.24 at the end of the last trading period.
According to HSBC, the prior rating for Krispy Kreme Inc (NASDAQ:DNUT) was changed from Hold to Buy. The stock has a 52-week-high of $21.69 and a 52-week-low of $11.98. At the end of the last trading period, Krispy Kreme closed at $13.09.
According to Guggenheim, the prior rating for Constellation Energy Corp (NASDAQ:CEG) was changed from Neutral to Buy. The stock has a 52-week-high of $68.68 and a 52-week-low of $42.18. At the end of the last trading period, Constellation Energy closed at $53.47.
According to UBS, the prior rating for Endeavor Group Holdings Inc (NYSE:EDR) was changed from Neutral to Buy. For the first quarter, Endeavor Gr Hldgs had an EPS of $0.29, compared to year-ago quarter EPS of $0.23. At the moment, the stock has a 52-week-high of $35.28 and a 52-week-low of $17.42. Endeavor Gr Hldgs closed at $18.34 at the end of the last trading period.
Wedbush upgraded the previous rating for Squarespace Inc (NYSE:SQSP) from Neutral to Outperform. Squarespace earned $0.67 in the first quarter, compared to $0.11 in the year-ago quarter. At the moment, the stock has a 52-week-high of $64.71 and a 52-week-low of $14.43. Squarespace closed at $21.44 at the end of the last trading period.
For Waste Management Inc (NYSE:WM), B of A Securities upgraded the previous rating of Underperform to Neutral. Waste Management earned $1.29 in the first quarter, compared to $1.06 in the year-ago quarter. The stock has a 52-week-high of $170.18 and a 52-week-low of $136.97. At the end of the last trading period, Waste Management closed at $155.48.
For Mercury Systems Inc (NASDAQ:MRCY), Truist Securities upgraded the previous rating of Hold to Buy. In the third quarter, Mercury Systems showed an EPS of $0.57, compared to $0.64 from the year-ago quarter. At the moment, the stock has a 52-week-high of $72.28 and a 52-week-low of $44.44. Mercury Systems closed at $54.96 at the end of the last trading period.
According to B of A Securities, the prior rating for Republic Services Inc (NYSE:RSG) was changed from Neutral to Buy. For the first quarter, Republic Services had an EPS of $1.14, compared to year-ago quarter EPS of $0.93. The stock has a 52-week-high of $145.98 and a 52-week-low of $106.46. At the end of the last trading period, Republic Services closed at $127.72.
B of A Securities upgraded the previous rating for WEC Energy Group Inc (NYSE:WEC) from Neutral to Buy. WEC Energy Gr earned $1.79 in the first quarter, compared to $1.61 in the year-ago quarter. At the moment, the stock has a 52-week-high of $106.82 and a 52-week-low of $86.84. WEC Energy Gr closed at $100.82 at the end of the last trading period.
Alliance Global Partners upgraded the previous rating for DarioHealth Corp (NASDAQ:DRIO) from Neutral to Buy. DarioHealth earned $0.74 in the first quarter, compared to $0.92 in the year-ago quarter. The current stock performance of DarioHealth shows a 52-week-high of $23.80 and a 52-week-low of $4.11. Moreover, at the end of the last trading period, the closing price was at $5.18.
For Evolus Inc (NASDAQ:EOLS), Barclays upgraded the previous rating of Underweight to Equal-Weight. In the first quarter, Evolus showed an EPS of $0.31, compared to $0.44 from the year-ago quarter. At the moment, the stock has a 52-week-high of $14.30 and a 52-week-low of $5.06. Evolus closed at $12.04 at the end of the last trading period.
According to Barclays, the prior rating for Copa Holdings SA (NYSE:CPA) was changed from Underweight to Overweight. Copa Holdings earned $0.70 ...Full story available on Benzinga.com
