Top 5 Financial Stocks You'll Regret Missing This Quarter

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

Beneficient BENF

• Beneficient entered into $250 million standby equity purchase agreement with YA II PN. The company’s stock has a 52-week low of $1.80 .
• RSI Value: 19.49
• BENF Price Action: Shares of Beneficient fell 5% to close at $1.90 on Wednesday.

Reliance Global Group, Inc. RELI

• Reliance Global Group posted a first-quarter loss of $2.77 per share. Ezra Beyman, CEO of Reliance commented, “We are pleased to announce a 29% increase in revenue for the first quarter of 2023, compared to the same period in 2022. We’ve also reduced our operating costs by 9%, which includes a reduction in general and administrative expenses of approximately 42%, partially offset by investments to support our continued growth.” It has a 52-week low of $2.50.
• RSI Value: 28.69
• RELI Price Action: Shares of Reliance Global fell 4.3% to close at $3.11 on Wednesday.

PaySign, Inc. PAYS

• PaySign posted downbeat first-quarter sales. "We are pleased to report a solid Q1 2023 with revenue growth of 23% compared to last year, reflecting our continued expansion in the plasma and patient affordability verticals," said Mark Newcomer, CEO. The company’s stock has a 52-week low of $1.78.
• RSI Value: 26.84
• PAYS Price Action: Shares of PaySign fell 4.3% to close at $1.80 on Tuesday.

Abacus Life, Inc. ABL

• Abacus Life, is expected to release its second quarter financial results on Monday, Aug. 14, 2023. The company’s 52-week low is $5.47.
• RSI Value: 29.57
• ABL Price Action: Shares of Abacus Life fell 3.6% to close at $6.25 on Wednesday.

Euronet Worldwide, Inc. EEFT

• Euronet Worldwide reported mixed second-quarter results. "I am pleased that we delivered record second quarter revenue, adjusted operating income, adjusted EBITDA, and adjusted EPS with double-digit increases in operating income from each segment," stated Michael J. Brown, Euronet's Chairman and CEO. The company has a 52-week low of $71.60.
• RSI Value: 21.12
• EEFT Price Action: Shares of Euronet Worldwide fell 1.9% to close at $86.00 on Wednesday.

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