The industrials sector is a goldmine for savvy investors looking to swoop in on undervalued companies.

Among the most oversold stocks in this sector are those exhibiting a Relative Strength Index (RSI) near or below 30, indicating potential for a rebound in the short term.

Let’s delve into the latest rundown of major oversold players in the industrial domain.

Visionary Moves Ahead with Skillsoft Corp. SKIL

• Skillsoft Corp. is gearing up to disclose its fourth-quarter and full-year fiscal 2024 financial results on April 15, 2024. Despite a recent nosedive of approximately 29% in its stock price over the last five days, the company appears poised for a resurgence with a 52-week low of $7.37.
• RSI Value: 26.36
• SKIL Price Action: Shares of Skillsoft dipped by 4.3% to close at $8.08 on Tuesday.

Fresh Opportunities with Pineapple Energy Inc. PEGY

• Pineapple Energy Inc. recently executed a $1 million registered direct offering of common stock on Feb. 5. Despite a sharp decline of about 32% in its stock price over the past month, the company holds potential with a 52-week low of $0.05.
• RSI Value: 26.03
• PEGY Price Action: Shares of Pineapple Energy slid by 3.2% to close at $0.0610 on Tuesday.

Renaissance Path for Astra Space, Inc. ASTR

• Astra Space, Inc. recently inked a deal to go private on March 7. Despite a substantial drop of around 72% in its stock price over the past month, the company is showing promise with a 52-week low of $0.5210.
• RSI Value: 23.47
• ASTR Price Action: Shares of Astra Space edged up by 1.9% to close at $0.5398 on Tuesday.

Resilience on the Horizon for The Boeing Company BA

• The Boeing Company faced turbulence, failing 33 out of 89 audits conducted by the Federal Aviation Administration following the Alaska Air incident in January. This led to an 11% decline in its stock price over the past month, with a 52-week low at $176.25.
• RSI Value: 28.66
• BA Price Action: Shares of Boeing climbed by 0.7% to close at $181.14 on Tuesday.

Bright Days Ahead for NeoVolta Inc. NEOV

• NeoVolta Inc. marked a milestone by announcing over $1 million in gross revenue for the fourth quarter on Feb. 13. Despite a significant dip of about 45% in its stock price over the past month, the company showcases potential with a 52-week low of $0.6270.
• RSI Value: 24.95
• NEOV Price Action: Shares of NeoVolta surged by 7.7% to close at $0.82 on Tuesday.

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