Badger Meter Shares Enter Oversold Territory
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: NASDAQ.COM
- Oversold Signal: Badger Meter Inc (Ticker: BMI) saw its RSI drop to 28.1 during Wednesday's trading, indicating the stock has entered oversold territory, suggesting that recent heavy selling may be exhausting, thus providing potential buying opportunities for investors.
- Price Fluctuation: BMI shares hit a low of $142.415, significantly down from the 52-week high of $256.08, with the last trade at $143.97, reflecting strong selling pressure in the market.
- Market Comparison: Compared to the S&P 500 ETF (SPY) with an RSI of 58.1, BMI's low RSI may attract bullish investors, who might see this as an opportune moment to buy on dips.
- Investor Sentiment: Despite the current poor stock performance, the oversold signal may prompt investors to reassess their strategies, looking for potential gains as the market recovers.
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Analyst Views on BMI
Wall Street analysts forecast BMI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BMI is 214.86 USD with a low forecast of 157.00 USD and a high forecast of 243.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
5 Buy
1 Hold
1 Sell
Moderate Buy
Current: 146.320
Low
157.00
Averages
214.86
High
243.00
Current: 146.320
Low
157.00
Averages
214.86
High
243.00
About BMI
Badger Meter, Inc. is a manufacturer and marketer of products incorporating flow measurement, quality, control and other system solutions serving markets worldwide. Its offerings, marketed as BlueEdge, include a suite of tailorable solutions that connect water management technology, software and support services to deliver insights enabling the proactive management of water across the water cycle. Its solutions include measurement and control hardware, connectivity and communication, data visualization and software-delivered actionable insights, and ongoing support to optimize customers' operations. Its measurement and control hardware, instruments and sensors include product families, such as meters that measure the flow of water and other fluids, water quality monitoring solutions and high frequency pressure and acoustic leak detection hardware that provides real-time monitoring data. It offers a range of communication solutions including the ORION branded family of radio endpoints.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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