5 Oversold Stocks Worth a Closer Look

Technical clues point to hugely oversold measures with the stocks on our list, which should rebound in the short term

SmallCapPower | April 25, 2016: Relative strength index (RSI) is a technical indicator that compares the number of ups and downs in a stock price in an attempt to determine overbought and oversold stocks. A reading below 30, is an indication that the asset may be getting oversold and therefore likely to become undervalued, which could be the case with the stocks on our list today.

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SciVacAcadian Timber Corp. (TSE:ADN) – $18.50
Forest & Wood Products

Acadian Timber Corp. is a Canada-based supplier of primary forest products in Eastern Canada and the Northeastern United States. It owns and manages approximately 761,000 acres of freehold timberlands in New Brunswick (NB Timberlands), approximately 299,000 acres of freehold timberlands in Maine (Maine Timberlands) and provides management services relating to approximately 1.3 million acres of Crown licensed timberlands in New Brunswick. The Company’s products include softwood and hardwood saw logs, pulpwood and biomass by-products sold to approximately 90 regional customers.

The company is reporting on the 26th, with a mean EPS estimate of $0.56, a 32% drop from a year ago.

  • Market Cap: $1,790,728,391
  • Revenue (LTM): $84,422,000
  • Operating Income (LTM): $25,608,000
  • RSI – 14 days: 13.0

SciVacCanfor Corp. (TSE:CFP) – $14.64
Forest & Wood Products

Canfor Corp is a Canada-based integrated forest products company with interests in British Columbia, Alberta, North and South Carolina, Alabama, Georgia and Mississippi. The Company produces primarily softwood lumber and specialized wood products.

The company is reporting on the 20th, with a mean EPS estimate of $0.67, a 47% rise from a year ago.

  • Market Cap: $1,980,115,736
  • Revenue (LTM): $3,925,300,000
  • Operating Income (LTM): $141,000,000
  • RSI – 14 days: 13.5

SciVacVelan Inc. (TSE:VLN) – $17.40
Industrial Machinery & Equipment

Velan Inc. is a manufacturer of steel industrial valves. The Company designs, manufactures and markets a range of industrial valves for use in various industries, including power generation, oil and gas, refining and petrochemicals, chemicals, pulp and paper, liquefied natural gas and cryogenics, mining and shipbuilding. Its product lines are grouped into the broad categories of gate, globe, check and quarter-turn valves.

The company is reporting on the 15th, with a mean EPS estimate of $1.03, a 32% drop from a year ago.

  • Market Cap: $107,984,940
  • Revenue (LTM): $557,107,625
  • Operating Income (LTM): $31,555,752
  • RSI – 14 days: 16.2

SciVacNYX Gaming Group Ltd. (CVE:NYX) – $2.67
Software

NYX Gaming Group Limited (NYX) is a supplier of digital gaming software. The Company is engaged in the design, development, manufacture and distribution of digital gaming solutions for interactive, social and mobile gaming across the world. It provides gaming solutions, a distribution platform, gaming process support services, brand and player management, and both Real Money Gaming (RMG) and social gaming products and services.

The company is reporting on the 17th, with a mean EPS estimate of $0.46, a 62% drop from a year ago.

  • Market Cap: $135,104,128
  • Revenue (LTM): $42,499,980
  • Operating Income (LTM): -$5,737,800
  • RSI – 14 days: 17.0

SciVacRedknee Solutions Inc. (TSE:RKN) – $2.01
IT Services & Consulting

Redknee Solutions Inc. is a Canada-based company that offers real-time monetization and subscriber management software products, solutions and services. The Company’s solutions include Redknee Communications Suite, including Revenue Management, fourth generation (4G) Monetization, Cloud Solutions, Marketing Solutions and Customer Experience, and Redknee Connected Suite, including Energy and Utilities, Internet of Things and Retail. Its products include Redknee Unified, Redknee Turnkey Converged Billing (TCB), Redknee Policy Control Server (PCS), Redknee InBill and Redknee Railway.

The company is reporting on the 18th, with a mean EPS estimate of $2.45, a 60% drop from a year ago.

  • Market Cap (mm): $217,473,202
  • Revenue (LTM): $275,369,803
  • Operating Income (LTM): $7,798,536
  • RSI – 14 days: 23.4

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