Down -15.75% in 4 Weeks, Here's Why SharkNinja, Inc. (SN) Looks Ripe for a Turnaround

Core Viewpoint - SharkNinja, Inc. (SN) is experiencing significant selling pressure, with a 15.8% decline in stock price over the past four weeks, but is now positioned for a potential trend reversal due to being in oversold territory and positive earnings expectations from Wall Street analysts [1]. Group 1: Stock Performance and Indicators - The stock has an RSI reading of 28.25, indicating it is in oversold territory, which suggests a potential for a trend reversal as selling pressure may be exhausting [3]. - A strong consensus among sell-side analysts has led to a 0.4% increase in the consensus EPS estimate for SN over the last 30 days, indicating positive sentiment regarding future earnings [3]. Group 2: Analyst Ratings and Market Position - SN 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, which supports the likelihood of a near-term turnaround [3].