Down 23.9% in 4 Weeks, Here's Why You Should You Buy the Dip in Array Digital (AD)

Group 1 - The stock of Array Digital Infrastructure (AD) has experienced a significant decline of 23.9% over the past four weeks due to excessive selling pressure, but it is now in oversold territory, indicating a potential for a turnaround [1] - The Relative Strength Index (RSI) for AD is currently at 19.66, suggesting that the heavy selling may be exhausting itself, which could lead to a price rebound as the stock seeks to return to its previous equilibrium of supply and demand [5] - There is a strong consensus among sell-side analysts regarding an increase in earnings estimates for AD, with a notable 72.1% rise in the consensus EPS estimate over the last 30 days, which typically correlates with price appreciation in the near term [7] Group 2 - AD holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on trends in earnings estimate revisions and EPS surprises, further supporting the potential for a near-term turnaround [8]