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Top 3 Materials Stocks That Could Blast Off This Month
Benzinga·05/30/2025 11:30:07
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The most oversold stocks in the materials 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, according to Benzinga Pro.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
Bolt Projects Holdings Inc (NASDAQ:BSLK)
- On May 12, Bolt Projects Holdings posted first-quarter loss of $3.00 per share, versus a year-ago loss of $28.22 per share. “We saw strong repeat order volume from existing customers coupled with continued growth in our sales pipeline. This combination will aid us in achieving our goal of becoming free cash flow positive,” said Dan Widmaier, Bolt Projects Chairman and CEO. The company's stock fell around 69% over the past month and has a 52-week low of $1.75.
- RSI Value: 24.4
- BSLK Price Action: Shares of Bolt Projects fell 19.9% to close at $1.81 on Thursday.
- Edge Stock Ratings: Value at 25.12.
Cleveland-Cliffs Inc (NYSE:CLF)
- On May 29, Jefferies analyst Christopher LeFemina downgraded Cleveland-Cliffs from Buy to Hold and lowered the price target from $10 to $6. The company's stock fell around 28% over the past month and has a 52-week low of $5.77.
- RSI Value: 28.7
- CLF Price Action: Shares of Cleveland-Cliffs fell 0.7% to close at $5.90 on Thursday.
- Benzinga Pro’s charting tool helped identify the trend in CLF stock.
Inno Holdings Inc (NASDAQ:INHD)
- On May 12, INNO HOLDINGS announced a strategic cooperation with New Life Technology Development on developing a B2B marketplace platform. Mr. Wei Ding, CEO of INNO, said, “We are pleased to enter into this collaboration with New Life Tech on development of the B2B marketplace platform. This marks a significant milestone in our commitment to innovative partnerships.” The company's stock fell around 83% over the past month and has a 52-week low of $1.11.
- RSI Value: 27.7
- INHD Ltd Price Action: Shares of Inno dipped 5.1% to close at $1.11 on Thursday.
- Benzinga Pro’s signals feature notified of a potential breakout in INHD shares.
Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.
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① During the campaign period, US stocks, US stocks short selling, US stock options, Hong Kong stocks, and A-shares trading will maintain at $0 commission, and no subscription/redemption fees for mutual fund transactions. $0 fee offer has a time limit, until further notice. For more information, please visit: https://www.webull.hk/pricing
Webull Securities Limited is licensed with the Securities and Futures Commission of Hong Kong (CE No. BNG700) for carrying out Type 1 License for Dealing in Securities, Type 2 License for Dealing in Futures Contracts and Type 4 License for Advising on Securities.
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