Here's Why Freshpet (FRPT) is Poised for a Turnaround After Losing -11.82% in 4 Weeks

Core Viewpoint - Freshpet (FRPT) has experienced significant selling pressure, declining 11.8% over the past four weeks, but is now positioned for a potential trend reversal as it is in oversold territory, with analysts predicting better earnings than previously expected [1]. Group 1: Stock Performance and Technical Indicators - The stock's Relative Strength Index (RSI) reading is at 22.22, indicating it is oversold and suggesting a possible reversal in trend [5]. - A stock is generally considered oversold when its RSI falls below 30, which helps investors identify potential entry points for a rebound [2][3]. Group 2: Earnings Estimates and Analyst Consensus - Over the last 30 days, the consensus EPS estimate for Freshpet has increased by 1.4%, indicating a positive trend in earnings estimate revisions [6]. - There is strong agreement among sell-side analysts in raising earnings estimates for Freshpet, which typically correlates with price appreciation in the near term [6]. Group 3: Zacks Rank and Investment Potential - Freshpet currently 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, further supporting its potential for a turnaround [7].