Core Viewpoint - Stardust Power Inc. (SDST) is experiencing significant selling pressure, having declined 66.9% over the past four weeks, but is now positioned for a potential trend reversal as it is in oversold territory and analysts expect better earnings than previously predicted [1]. Group 1: Stock Performance and Technical Indicators - SDST's stock has an RSI reading of 14.62, indicating it is oversold and suggesting a potential reversal in trend [5]. - The Relative Strength Index (RSI) is a momentum oscillator that measures price movement speed and change, with a reading below 30 typically indicating an oversold condition [2][3]. Group 2: Earnings Estimates and Analyst Consensus - Over the last 30 days, the consensus EPS estimate for SDST has increased by 40.6%, indicating a positive shift in earnings expectations [6]. - There is strong agreement among sell-side analysts in raising earnings estimates for SDST, which usually correlates with price appreciation in the near term [6]. Group 3: Zacks Rank and Investment Potential - SDST currently 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 [7].
Here's Why Stardust Power Inc. (SDST) is Poised for a Turnaround After Losing -66.9% in 4 Weeks