Sony Corporation (SONY) has experienced a 7.2% decline in stock value over the past four weeks, with its Relative Strength Index (RSI) currently at 29.68, indicating that the stock is in oversold territory. Analysts anticipate an improvement in earnings estimates, with the consensus EPS estimate rising by 0.3% over the last month.
As SONY approaches a potential turnaround, its stock holds a Zacks Rank #1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on trends in earnings estimate revisions. This suggests a favorable outlook for price appreciation in the near term.
