Down 22.9% in 4 Weeks, Here's Why Xperi (XPER) Looks Ripe for a Turnaround

Group 1 - Xperi (XPER) has experienced a significant decline of 22.9% over the past four weeks, but it is now in oversold territory, indicating a potential for a trend reversal [1] - The Relative Strength Index (RSI) for XPER is currently at 29.82, suggesting that the heavy selling pressure may be exhausting, which could lead to a rebound [5] - There is a strong consensus among sell-side analysts that XPER will report better earnings than previously predicted, with a 119% increase in the consensus EPS estimate over the last 30 days [7] Group 2 - XPER 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]