Sanmina (SANM) stock declined 30.4% over the past four weeks. Zacks Equity Research analysts suggest selling pressure may be nearing its end, noting the stock is in oversold territory. The Relative Strength Index (RSI) fell to 25.99. This technical indicator suggests selling may be exhausted, potentially positioning the stock for a rebound.
A fundamental basis also supports a potential turnaround. Sell-side analysts show a strong consensus to raise current year earnings estimates. The consensus EPS estimate increased by 2.1% over the last 30 days. This indicates a more positive outlook on future earnings.