Down 12.4% in 4 Weeks, Here's Why WisdomTree, Inc. (WT) Looks Ripe for a Turnaround

Core Viewpoint - WisdomTree, Inc. (WT) has experienced significant selling pressure, resulting in a 12.4% decline over the past four weeks, but analysts anticipate better earnings than previously expected, indicating potential for recovery [1]. Group 1: Technical Analysis - The Relative Strength Index (RSI) is utilized to determine if a stock is oversold, with a reading below 30 typically indicating this condition [2]. - WT's current RSI reading is 29.37, suggesting that the heavy selling may be exhausting, which could lead to a price rebound as the stock seeks to return to its previous equilibrium [5]. Group 2: Fundamental Analysis - There is a strong consensus among sell-side analysts to raise earnings estimates for WT, with a 3.7% increase in the consensus EPS estimate over the last 30 days, which often correlates with price appreciation [7]. - WT 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 the potential for a near-term turnaround [8].