Via Transportation Inc (VIA) Shares Oversold with RSI at 29.9
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: NASDAQ.COM
- Oversold Signal: Via Transportation Inc (VIA) shares fell to $23.67, with an RSI of 29.9, indicating that the recent heavy selling may be nearing exhaustion, thus presenting potential buying opportunities for investors.
- Market Comparison: Compared to the S&P 500 ETF (SPY) with an RSI of 55.8, VIA's oversold condition may attract bullish investors, highlighting a significant divergence in market sentiment.
- Price Fluctuation: VIA's 52-week low is $23.67 and high is $56.31, with the current trading price at $24.05, indicating that the stock is fluctuating near its low, potentially setting the stage for a rebound.
- Investor Strategy: Given VIA's RSI, investors may look for buying opportunities in the near future to capitalize on potential price rebounds, enhancing the return potential of their portfolios.
Analyst Views on VIA
Wall Street analysts forecast VIA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VIA is 56.40 USD with a low forecast of 50.00 USD and a high forecast of 60.00 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.
11 Analyst Rating
9 Buy
2 Hold
0 Sell
Strong Buy
Current: 23.650
Low
50.00
Averages
56.40
High
60.00
Current: 23.650
Low
50.00
Averages
56.40
High
60.00
About VIA
Via Renewables, Inc. is an independent retail energy services company. The Company provides residential and commercial customers in competitive markets across the United States with an alternative choice for their natural gas and electricity under its brands, including Spark Energy, Major Energy, Provider Power, and Verde Energy. The Company operates through two segments: Retail Electricity and Retail Natural Gas. In the Retail Electricity segment, it purchases electricity supply through physical and financial transactions with market counterparties and independent system operators (ISOs) and supplies electricity to residential and commercial consumers pursuant to fixed-price and variable-price contracts. In the Retail Natural Gas segment, it purchases natural gas supply through physical and financial transactions with market counterparties and supplies natural gas to residential and commercial consumers pursuant to fixed-price and variable-price contracts.
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.
