SharkNinja, Inc. (SN) Loses -15.44% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Core Viewpoint - SharkNinja, Inc. (SN) is experiencing significant selling pressure, with a 15.4% decline over the past four weeks, but is now positioned for a potential trend reversal as it enters oversold territory, supported by analyst expectations of better-than-previously predicted earnings [1]. Group 1: Stock Performance and Indicators - The stock's Relative Strength Index (RSI) is currently at 26.18, indicating it is oversold and suggesting a potential reversal in trend [3]. - A stock is generally considered oversold when its RSI falls below 30, which can signal entry opportunities for investors looking for rebounds [2]. Group 2: Earnings Estimates and Analyst Consensus - Over the last 30 days, the consensus earnings per share (EPS) estimate for SN has increased by 0.4%, indicating a positive trend in earnings revisions [3]. - There is strong agreement among sell-side analysts in raising earnings estimates for SN, which typically correlates with price appreciation in the near term [3]. - SN holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting its potential for a turnaround [3].