Q2 Holdings (QTWO) has experienced a significant 18.2% drop in its stock price over the past four weeks, but indicators suggest a potential reversal. The stock’s Relative Strength Index (RSI) of 27.43 indicates it is oversold, while Wall Street analysts have raised earnings estimates for the current year, leading to a 5.1% increase in the consensus EPS estimate. Furthermore, QTWO holds a Zacks Rank #1 (Strong Buy), reinforcing the expectation of a near-term turnaround.
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After Plunging 18.2% in 4 Weeks, Here's Why the Trend Might Reverse for Q2 Holdings (QTWO)
Q2 Holdings (QTWO) has experienced a significant 18.2% drop in its stock price over the past four weeks, but indicators suggest a potential reversal. The stock’s Relative Strength Index (RSI) of 27.43 indicates it is oversold, while Wall Street analysts have raised earnings estimates for the current year, leading to a 5.1% increase in the consensus EPS estimate. Furthermore, QTWO holds a Zacks Rank #1 (Strong Buy), reinforcing the expectation of a near-term turnaround.