Here's Why Aquestive Therapeutics (AQST) Is a Great 'Buy the Bottom' Stock Now

Core Viewpoint - The stock price of Aquestive Therapeutics (AQST) has recently experienced a significant decline of 45.2% over the past week, but the formation of a hammer chart pattern suggests a potential trend reversal as buying interest may be increasing [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottoming out of the stock, with selling pressure likely subsiding, which could lead to a bullish trend [2][5]. - A hammer pattern is characterized by a small candle body with a long lower wick, indicating that despite a downtrend, buying interest has emerged to push the stock price up towards the opening price [4][5]. - The effectiveness of the hammer pattern as a bullish indicator is enhanced when used alongside other bullish indicators [6]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for AQST, which is a bullish sign indicating potential price appreciation in the near term [7]. - The consensus EPS estimate for AQST has increased by 1.3% over the last 30 days, reflecting analysts' agreement on the company's improved earnings potential [8]. - AQST holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically indicates strong market performance [9][10].