Top 5 Tech Stocks That Set To Fly This Quarter
Portfolio Pulse from Lisa Levin
The top 5 oversold tech stocks with RSI values near or below 30 are Ubiquiti Inc. (UI), Castellum Inc. (CTM), Intevac Inc. (IVAC), Envestnet Inc. (ENV), and GDS Holdings Limited (GDS). These stocks present an opportunity to buy into undervalued companies in the information technology sector.
May 31, 2023 | 11:28 am
News sentiment analysis
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POSITIVE IMPACT
EF Hutton maintained a Buy rating on Castellum Inc. and raised the price target from $1.2 to $1.4. The stock has a 52-week low of $0.62 and an RSI value of 24.21.
Castellum's low RSI value and the raised price target by EF Hutton indicate that the stock is undervalued and may experience a short-term price increase.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Envestnet Inc. reported mixed Q1 financial results and issued Q2 and FY23 revenue guidance below estimates. The stock has a 52-week low of $41.72 and an RSI value of 26.11.
Despite mixed financial results and lower revenue guidance, Envestnet's low RSI value indicates that the stock is oversold and may experience a short-term price increase.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
GDS Holdings reported Q1 FY23 net revenue growth of 7.4% YoY, missing consensus estimates. The stock has a 52-week low of $8.41 and an RSI value of 26.71.
Despite missing revenue estimates, GDS Holdings' low RSI value suggests that the stock is oversold and may see a short-term price increase.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Intevac Inc. posted a narrower-than-expected quarterly loss and reported Q1 revenues at the upper end of expectations. The stock has a 52-week low of $4.29 and an RSI value of 29.79.
Intevac's better-than-expected financial results and low RSI value suggest that the stock is undervalued and may see a short-term price increase.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Ubiquiti Inc. recently announced its Q3 fiscal 2023 financial results. The stock has a 52-week low of $160.49 and an RSI value of 19.11.
Ubiquiti's low RSI value indicates that the stock is oversold and may rebound in the short term. The recent financial results announcement could also positively impact the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100