Among the flock of undervalued stocks, the communication services sector offers an intriguing landscape for canny investors.
The RSI (Relative Strength Index) is a key metric. When RSI drops below 30, it suggests potential undervaluation of a stock. Here are some compelling candidates:
IHS Holding Limited IHS
- Recent Corporate Governance Update: On Jan. 16, IHS Towers and Wendel Group announced an agreement. CEO Sam Darwish highlighted the alignment of IHS Towers’ governance with mature U.S.-listed companies, a pivotal step post-public listing. Following this announcement, the company’s stock plummeted around 22% in the last five days, hitting a 52-week low of $3.16.
- RSI Value: 15.20
- IHS Price Action: Shares of IHS fell 19.8% to close at $3.19 on Thursday.
AMC Entertainment Holdings, Inc. AMC
- New Box Office Record: AMC Entertainment recently announced that the “Taylor Swift – The Eras Tour” concert film clinched the top spot as the highest-grossing concert and documentary film in box office history. However, despite this achievement, the company saw a sharp 34% stock decline over the past month, hitting a 52-week low of $3.98.
- RSI Value: 29.50
- AMC Price Action: Shares of AMC Entertainment rose 0.2% to close at $4.06 on Thursday.
iQIYI, Inc. IQ
- Market Pinch: iQIYI, Inc. faced a steep 31% decline in stock value over the past month, hitting a 52-week low of $3.22.
- RSI Value: 14.65
- IQ Price Action: Shares of iQIYI fell 1.8% to close at $3.29 on Thursday.
FingerMotion, Inc. FNGR
- Staying the Course: Despite suffering a 42% loss in stock value over the past month, FingerMotion, Inc. posted a third-quarter loss of 4 cents per share. CEO Martin Shen expressed optimism for the future, noting exciting new business segments in the works aiming to improve the company’s prospects. The stock currently stands at a 52-week low of $1.01.
- RSI Value: 23.39
- FNGR Price Action: Shares of FingerMotion fell 3% to close at $2.30 on Thursday.