Here's Why enGene Holdings Inc. (ENGN) is Poised for a Turnaround After Losing -16.9% in 4 Weeks
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enGene Holdings Inc. (ENGN) has experienced a significant decline of 16.9% over the past four weeks, placing it in oversold territory. However, with Wall Street analysts raising earnings estimates, a potential trend reversal is anticipated.
December 13, 2024 | 3:45 pm
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enGene Holdings Inc. (ENGN) is in oversold territory after a 16.9% decline in four weeks. Analysts are raising earnings estimates, suggesting a potential trend reversal.
The stock's oversold status indicates that the selling pressure may have been overdone, and the raised earnings estimates by analysts suggest improved future performance, which could lead to a price increase.
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