After Plunging 37% in 4 Weeks, Here's Why the Trend Might Reverse for Skillsoft (SKIL)

Core Viewpoint - Skillsoft Corp. (SKIL) has experienced significant selling pressure, resulting in a 37.1% decline in stock price over the past four weeks, but analysts anticipate improved earnings in the near future [1] Group 1: Technical Analysis - The Relative Strength Index (RSI) is utilized to determine if SKIL is oversold, with a current reading of 27.72 indicating potential for a price reversal [2][5] - Stocks oscillate between overbought and oversold conditions, and the RSI helps identify when a stock may be undervalued due to excessive selling [3] Group 2: Fundamental Analysis - Analysts have raised earnings estimates for SKIL by 70.8% over the last 30 days, suggesting a positive outlook for the company's earnings [7] - SKIL holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, indicating strong potential for a turnaround [8]