Top 5 Risk Off Stocks That May Explode This Quarter

Author: Avi Kapoor | December 13, 2023 08:44am

The most oversold stocks in the consumer staples 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.

Lifecore Biomedical, Inc. (NASDAQ:LFCR)

• On Nov. 20, Lifecore Biomedical reached a favorable resolution regarding previously-disclosed investigation of formerly-held subsidiary Yucatan Foods. The company’s stock fell around 20% over the past five days and has a 52-week low of $1.52 .
• RSI Value: 19.21
• LFCR Price Action: Shares of Lifecore Biomedical fell 2.4% to close at $5.76 on Tuesday.

Bit Brother Limited (NASDAQ:BETS)

• On Dec. 5, Bit Brother announced the pricing of a $12 million registered direct offering. The company’s stock fell more than 70% over the past five days. It has a 52-week low of $0.0100.
• RSI Value: 25.90
• BETS Price Action: Shares of Bit Brother fell 6% to close at $0.0109 on Tuesday.

The Real Good Food Company, Inc. (NASDAQ:RGF)

• On Nov. 21, The Real Good Food Company announced definitive debt refinancing agreement to enhance liquidity by up to $15 million. The company’s stock fell around 14% over the past month and has a 52-week low of $1.44.
• RSI Value: 26.37
• RGF Price Action: Shares of Real Good Food fell 6.1% to close at $1.55 on Tuesday.

AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI)

• The company’s shares lost around 50% over the past month. The company’s 52-week low is $0.4744.
• RSI Value: 23.37
• AGRI Price Action: Shares of AgriFORCE Growing Systems fell 8.9% to close at $0.5601 on Tuesday.

S&W Seed Company (NASDAQ:SANW)

• On Nov. 9, S&W Seed posted downbeat quarterly results. "We have made good progress during the first quarter instituting key operational initiatives to drive the business towards profitability in the near-term, including improved life cycle management to reduce obsolescence costs; the rationalization of certain low margin forage product lines and seed treatments; suspension of our stevia development program; and an overall seed manufacturing cost reduction plan," commented S&W's recently appointed CEO, Mark Herrmann. The company’s shares fell around 23% over the past five days. The company has a 52-week low of $0.4458.
• RSI Value: 16.72
• SANW Price Action: Shares of S&W Seed fell 7.6% to close at $0.4620 on Tuesday.

 

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Posted In: AGRI BETS LFCR RGF SANW