Down 54.8% in 4 Weeks, Here's Why You Should You Buy the Dip in Omeros (OMER)

Group 1 - Omeros (OMER) has experienced a significant decline of 54.8% over the past four weeks, but it is now in oversold territory, indicating a potential trend reversal [1] - The Relative Strength Index (RSI) for OMER is currently at 24.55, suggesting that the heavy selling pressure may be exhausting, which could lead to a price rebound [5] - There is strong consensus among Wall Street analysts that OMER will report better earnings than previously predicted, with a 6.9% increase in the consensus EPS estimate over the last 30 days [7] Group 2 - OMER 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 [8]