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Blink Charging Co Among Today’s Top Shorts

After the Dow and S&P closed the week at record highs due to the Labor Department’s blowout jobs report, the market fell on Monday. The Dow fell 94 points or 0.3%, the S&P 500 lost about 0.2%, and the Nasdaq
NDAQ
remained essentially flat. Concerns about the global economic recovery thanks to the Delta variant weighed the most on the indices. Oil stocks were significantly affected, as worries from the Delta caused concerns of a slowdown in demand. West Texas Intermediate crude futures declined more than 4%, and International benchmark Brent crude fell 3.8%. Stocks like Exxon Mobil
XOM
and Chevron
CVX
lost more than 1%, while Diamondback Energy dropped 2.7%. If you’re looking for a way to play this market, the deep learning algorithms at Q.ai have crunched the data to give you a set of Top Shorts. Our Artificial Intelligence (“AI”) systems assessed each firm on parameters of Technicals, Growth, Low Volatility Momentum, and Quality Value to find the best short plays.  

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Blink Charging Co (BLNK)

Blink Charging Co is our first Top Short today. Blink Charging Co provides fast, level 2 EV Charging Stations and Networks for both homes and businesses. Our AI systems rated the company D in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 4.32% to $33.87 on volume of 1,591,120 vs its 10-day price average of $34.14 and its 22-day price average of $33.42, and is down 9.69% for the year. Revenue grew by 14.98% in the last fiscal year and grew by 166.67% over the last three fiscal years, while EPS grew by -49.11% over the last three fiscal years. Revenue was $6.23M in the last fiscal year compared to $2.69M three years ago, Operating Income was $(17.39)M in the last fiscal year compared to $(11.61)M three years ago, EPS was $(0.59) in the last fiscal year compared to $(1.3) three years ago, and ROE was (103.16%) in the last year. Forward 12M Revenue is also expected to grow by 25.93% over the next 12 months.

MORE FROM FORBESBlink Charging (BLNK)

Carvana Co (CVNA)

Carvana is second on our list of Top Shorts today. The company is a major innovator and disruptor in the car industry, and is a robust online used car dealer. Our AI systems rated Carvana C in Technicals, F in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed up 2.57% to $345.65 on volume of 3,398,440 vs its 10-day price average of $336.96 and its 22-day price average of $329.26, and is up 46.29% for the year. Revenue grew by 60.23% in the last fiscal year and grew by 357.77% over the last three fiscal years, Operating Income grew by -75.21% in the last fiscal year and grew by -62.67% over the last three fiscal years, and EPS grew by -57.59% in the last fiscal year and grew by -45.04% over the last three fiscal years. Revenue was $5586.56M in the last fiscal year compared to $1955.47M three years ago, Operating Income was $(332.4)M in the last fiscal year compared to $(220.73)M three years ago, EPS was $(2.63) in the last fiscal year compared to $(2.03) three years ago, and ROE was (93.05%) in the last year compared to (100.5%) three years ago. Forward 12M Revenue is also expected to grow by 10.83% over the next 12 months.

MORE FROM FORBESCarvana (CVNA)

 

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Plug Power Inc (PLUG)

Our next Top Short is Plug Power Inc. Plug Power is a company at the forefront of automotive innovation with its development of hydrogen fuel cell systems. The goal of this company is to develop mechanisms to eventually replace conventional batteries in equipment and vehicles powered by electricity. Our AI systems rated Plug Power D in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed down 0.38% to $25.9 on volume of 33,536,750 vs its 10-day price average of $26.68 and its 22-day price average of $27.15, and is down 19.49% for the year. Revenue grew by -94.06% in the last fiscal year, while EPS grew by -10.05% in the last fiscal year. Revenue was $-93.24M in the last fiscal year compared to $174.22M three years ago, Operating Income was $(576.61)M in the last fiscal year compared to $(76.44)M three years ago, EPS was $(1.68) in the last fiscal year compared to $(0.39) three years ago, and ROE was (74.61%) in the last year compared to (157.5%) three years ago. Forward 12M Revenue is also expected to grow by 18.7% over the next 12 months.

MORE FROM FORBESPlug Power (PLUG)

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Livent Corp (LTHM)

Our fourth Top Short of the day is Livent Corp. Livent is a chemical manufacturing and lithium tech company focused on very in-demand lithium-based products such as electric vehicle batteries, handheld devices, and more. Our AI systems rated the company B in Technicals, D in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed up 8.59% to $22.12 on volume of 5,624,355 vs its 10-day price average of $19.72 and its 22-day price average of $19.43, and is up 17.78% for the year. Revenue grew by 20.99% in the last fiscal year, Operating Income grew by -77.78% in the last fiscal year, and EPS grew by -39.04% in the last fiscal year. Revenue was $288.2M in the last fiscal year compared to $442.5M three years ago, Operating Income was $(10.8)M in the last fiscal year compared to $165.7M three years ago, EPS was $(0.13) in the last fiscal year compared to $0.99 three years ago, and ROE was (3.41%) in the last year compared to 28.94% three years ago. Forward 12M Revenue is expected to grow by 6.9% over the next 12 months, and the stock is trading with a Forward 12M P/E of 94.13. 

MORE FROM FORBESLivent (LTHM)

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Tupperware Brands Corp (TUP)

Tupperware Brands is our final Top Short today. Tupperware is a global direct seller of innovative, premium products across multiple brands and categories. Its brands and categories include design-centric preparation, storage and serving solutions for the kitchen and home, and more. Our AI systems rated the company F in Technicals, B in Growth, F in Low Volatility Momentum, and C in Quality Value. The stock closed down 0.83% to $23.96 on volume of 1,378,846 vs its 10-day price average of $21.68 and its 22-day price average of $21.26, and is down 25.03% for the year. Revenue grew by 8.72% in the last fiscal year, Operating Income grew by 43.57% in the last fiscal year, and EPS grew by 18.05% in the last fiscal year. Revenue was $1740.1M in the last fiscal year compared to $2069.7M three years ago, Operating Income was $216.9M in the last fiscal year compared to $314.9M three years ago, and EPS was $2.14 in the last fiscal year compared to $3.11 three years ago. ​​Forward 12M Revenue is expected to grow by 6.11% over the next 12 months, and the stock is trading with a Forward 12M P/E of 6.89. 

MORE FROM FORBESTupperware Brands (TUP)

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