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Top 3 Consumer Stocks Which Could Rescue Your Portfolio This Month – Cazoo Gr (NYSE:CZOO), Connexa Sports Techs (NASDAQ:CNXA)


The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

Connexa Sports Technologies Inc. CNXA

  • On Nov. 28, Connexa Sports Technologies posted a loss of $14.29 per share for the second quarter. “Our underlying Slinger Bag business continues to be strong and our focus on reducing our operating expense burden is already driving significant improvements in operating and net income results for both the quarter and half-year periods. Our expectation remains unchanged in that we expect to deliver revenue growth at least 10% for fiscal 2024 and to deliver sustainable operating profitability within the fourth quarter,” said Mike Ballardie, CEO of Connexa Sports Technologies. The company’s stock fell around 46% over the past month and has a 52-week low of $0.1670 .
  • RSI Value: 28.54
  • CNXA Price Action: Shares of Connexa Sports Technologies jumped 20.5% to close at $0.2110 on Tuesday.

U Power Limited UCAR

  • On Dec. 4, U Power announced pricing of its registered follow-on offering. The company’s stock fell around 90% over the past month. It has a 52-week low of $0.17.
  • RSI Value: 12.78
  • UCAR Price Action: Shares of U Power gained 3.9% to close at $0.1930 on Tuesday.

Cazoo Group Ltd CZOO

  • Cazoo announced completion of debt restructuring and related transactions on Dec. 6, 2023. The company’s stock fell around 75% over the past month and has a 52-week low of $10.25.
  • RSI Value: 26.33
  • CZOO Price Action: Shares of Cazoo Group fell 4.3% to close at $10.49 on Tuesday.

 

Read More: Sharps Technology And 2 Other Stocks Under $1 Insiders Are Buying




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