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Carvana Co Ranked Among Today’s Top Shorts On The Final Trading Day In August

August was an exciting month, to say the least. What opened up with more record-setting earnings transitioned to Fed-related fears mid-month and closed with optimism that the market may not be as affected by the Fed’s tapering. Especially with an interest rate hike not imminent. As we are in the final trading day of August, the Dow Jones is up 1.3%, the S&P 500 is up 3%, and the Nasdaq
NDAQ
is up 4%, month-to-date. This continues quite the bull run for the S&P 500. The S&P is on pace to book its 7th straight winning month in a row and 9th in the last 10. It also rallied more than 20% in 2021 and more than doubled since its pandemic low in March 2020. This is all coming without so much as a 5% dip. Can it keep up? For now, stocks were little changed today, with the Dow down 21 points, or less than 0.1%, while both the S&P and Nasdaq were flat. 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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Carvana Co (CVNA)

Our first Top Short for the second straight day is Carvana. 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 0.07% to $337.76 on volume of 833,548 vs its 10-day price average of $349.5 and its 22-day price average of $349.1, and is up 42.96% 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 12.28% over the next 12 months.

MORE FROM FORBESCarvana (CVNA)

Livent Corp (LTHM)

Back on our list of Top Shorts again 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 1.09% to $25.13 on volume of 2,181,984 vs its 10-day price average of $24.21 and its 22-day price average of $23.27, and is up 33.81% 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 8.64% over the next 12 months, and the stock is trading with a Forward 12M P/E of 100.28. 

MORE FROM FORBESLivent (LTHM)

Plug Power Inc (PLUG)

Our third 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 1.77% to $26.13 on volume of 17,647,480 vs its 10-day price average of $25.51 and its 22-day price average of $26.11, and is down 18.78% 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 19.2% over the next 12 months.

MORE FROM FORBESPlug Power (PLUG)

Amyris Inc (AMRS)

Amyris Inc is our next Top Short today. Amyris Inc
AMRS
is a synthetic biotechnology and renewable chemical company. It serves the specialty and performance chemicals, flavors and fragrances, cosmetics ingredients, pharmaceuticals, and nutraceuticals markets. Our AI systems rated the company C in Technicals, F in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed down 5.55% to $15.16 on volume of 3,641,520 vs its 10-day price average of $14.24 and its 22-day price average of $14.2, and is up 115.95% for the year. Revenue grew by 98.21% in the last fiscal year and grew by 439.55% over the last three fiscal years, Operating Income grew by -89.72% in the last fiscal year and grew by -90.44% over the last three fiscal years, and EPS grew by -3.99% in the last fiscal year and grew by -51.13% over the last three fiscal years. Revenue was $173.14M in the last fiscal year compared to $63.6M three years ago, Operating Income was $(123.42)M in the last fiscal year compared to $(132.72)M three years ago, and EPS was $(1.88) in the last fiscal year compared to $(3.69) three years ago.

MORE FROM FORBESAmyris (AMRS)

​​Blink Charging Co (BLNK)

Blink Charging Co is our final 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 0.45% to $31.24 on volume of 834,257 vs its 10-day price average of $31.2 and its 22-day price average of $32.93, and is down 16.7% for the year. Revenue grew by 59.64% in the last fiscal year and grew by 270.26% over the last three fiscal years, and EPS grew by -32.18% 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 36.56% over the next 12 months.

MORE FROM FORBESBlink Charging (BLNK)

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