AstroNova (ALOT) is facing bearish sentiment due to declining profitability, with Q3 EPS dropping to $0.03 from $0.37 last year, despite a 7.7% revenue increase. The stock has also seen reduced institutional interest, as Chuck Royce's firm trimmed its holdings, reflecting concerns over growth and valuation. With a recent price of $13.46 and weak growth metrics, further downside risk is likely.