Top 3 Real Estate Stocks That Could Blast Off In June
Portfolio Pulse from Lisa Levin
The most oversold stocks in the real estate sector, WeWork Inc. (NYSE:WE), Comstock Holding Companies, Inc. (NASDAQ:CHCI), and Elme Communities (NYSE:ELME), present an opportunity to buy into undervalued companies. These stocks have RSI values near or below 30, indicating they may be oversold.
June 02, 2023 | 12:38 pm
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Comstock Holding reported a decline in EPS for Q1. The company's stock has a 52-week low of $3.59 and an RSI value of 28.53.
The decline in EPS may have contributed to the stock's oversold status. However, the RSI value near 30 indicates potential for a short-term rebound.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Elme Communities reported higher sales for Q1. The company's stock has a 52-week low of $14.95 and an RSI value of 25.48.
Despite higher sales, the stock is oversold, possibly due to broader market factors. The low RSI value indicates potential for a short-term rebound.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100
POSITIVE IMPACT
WeWork recently announced a CEO change and reported Q1 2023 revenue growth of 11% Y/Y to $894 million, slightly missing consensus estimates. The stock has a 52-week low of $0.1620 and an RSI value of 21.40.
The CEO change and slightly missed revenue estimates may have contributed to the stock's oversold status. However, the low RSI value indicates potential for a short-term rebound.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100