After Plunging -48.23% in 4 Weeks, Here's Why the Trend Might Reverse for Markforged Holding Corporation (MKFG)

Core Viewpoint - Markforged Holding Corporation (MKFG) has experienced significant selling pressure, resulting in a 48.2% decline in stock price over the past four weeks, but analysts anticipate better earnings than previously expected, indicating a potential turnaround for the stock [1]. Group 1: Stock Performance and Technical Analysis - MKFG's stock is currently in oversold territory, with a Relative Strength Index (RSI) reading of 24.32, suggesting a possible trend reversal as selling pressure may be exhausting [5]. - The stock's price has been significantly affected by unwarranted selling, leading to potential entry opportunities for investors looking to benefit from a rebound [3]. - The consensus EPS estimate for MKFG has increased by 2.5% over the last 30 days due to a strong agreement among sell-side analysts, which typically correlates with price appreciation in the near term [5]. Group 2: Analyst Ratings and Market Position - MKFG 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 strong potential for a turnaround [6].