Here's Why Phreesia (PHR) is Poised for a Turnaround After Losing -18.25% in 4 Weeks

Group 1 - The stock of Phreesia (PHR) has experienced a significant downtrend, declining 18.3% over the past four weeks, but is now in oversold territory, indicating a potential for a turnaround [1][5] - The Relative Strength Index (RSI) for PHR is currently at 26.52, suggesting that the heavy selling pressure may be exhausting itself and a price reversal could be imminent [5][6] - Analysts have raised their earnings estimates for PHR, with a consensus EPS estimate increase of 8.7% over the last 30 days, which typically correlates with price appreciation [6][7] Group 2 - PHR 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 [7]