Down -39.63% in 4 Weeks, Here's Why You Should You Buy the Dip in PepGen (PEPG)

Group 1 - PepGen, Inc. (PEPG) has experienced significant selling pressure, resulting in a 39.6% decline in stock price over the past four weeks, but analysts anticipate better earnings than previously predicted [1] - The stock is currently in oversold territory, indicated by a Relative Strength Index (RSI) reading of 23.57, suggesting that the heavy selling may be exhausting itself and a rebound could occur [3] - There has been a 2.2% increase in the consensus EPS estimate for PEPG over the last 30 days due to a strong agreement among sell-side analysts, which typically correlates with price appreciation [4] Group 2 - PEPG 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, indicating a potential turnaround in the near term [4]