Investing

Top Stocks To Short Today Amid Earnings-Fueled Tech Surge

The market was in the green this morning as tech surged, allowing the market some room to the upside. This week will be a big one for earnings, with over a third of the S&P 500 set to report with several big names like Amazon
AMZN
, Apple
AAPL
, Alphabet, and Microsoft
MSFT
all set to report. Not to be underscored, the Federal Reserve is also set to have a policy meeting this week culminating on Wednesday, and will be a big tell to see how they will balance monetary policy against what appears to be increasing inflation pressures as the economy opens up. If you’re feeling like the market is overbought, 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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Bandwidth Inc (BAND)

Bandwidth Inc is today’s first Top Short. The company engages in the business of providing a cloud-based communications platform for enterprises in the United States. Our AI systems rated the company F in Technicals, D in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed up 3.22% to $138.01 on volume of 361,431 vs its 10-day price average of $132.56 and its 22-day price average of $127.06, and is down 12.91% for the year. Revenue was $343.11M in the last fiscal year compared to $204.11M three years ago, Operating Income was $(0.6)M in the last fiscal year compared to $7.44M three years ago, EPS was $(1.83) in the last fiscal year compared to $0.85 three years ago, and ROE was (12.56%) in the last year compared to 19.33% three years ago. 

MORE FROM FORBESBandwidth (BAND)

Boxlight Corp (BOXL)

Our next Top Short is Boxlight Corp. The company is an education technology company. It develops, sells and services interactive classroom solutions for the education market. Our AI systems rated Boxlight D in Technicals, F in Low Volatility Momentum, and F in Quality Value. The stock is an education technology company. It develops, sells and services interactive classroom solutions for the education market, and is up 38.26% for the year. Revenue was $54.98M in the last fiscal year compared to $37.84M three years ago, Operating Income was $(7.9)M in the last fiscal year compared to $(7.0)M three years ago, and EPS was $(0.39) in the last fiscal year compared to $(0.72) three years ago. ROE was also (44.44%) in the last year, and compares to (84.35%) three years ago.

MORE FROM FORBESBoxlight (BOXL)

Liveperson Inc (LPSN)

Software company Liveperson Inc
LPSN
 
is our next Top Short for the fifth day in a row. Liveperson develops conversational commerce and AI software, and is best known as the developer of the Conversational Cloud, a software platform that allows consumers to message directly with brands. Our AI systems rated the company D in Technicals, D in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed up 2.22% to $55.66 on volume of 316,310 vs its 10-day price average of $56.46 and its 22-day price average of $55.13, and is down 8.93% for the year. Revenue was $366.62M in the last fiscal year compared to $249.84M three years ago, Operating Income was $(54.63)M in the last fiscal year compared to $(15.14)M three years ago, EPS was $(1.63) in the last fiscal year compared to $(0.42) three years ago, and ROE was (54.83%) in the last year compared to (16.11%) three years ago. 

MORE FROM FORBESLiveperson (LPSN)

Pinterest Inc (PINS)

Pinterest Inc is our fourth Top Short today. The company is an online product and idea discovery platform that helps users gather ideas on everything from recipes to cook to destinations to travel to. Our AI systems rated Pinterest F in Technicals, F in Growth, F in Low Volatility Momentum, and C in Quality Value. The stock closed up 4.17% to $74.99 on volume of 14,238,360 vs its 10-day price average of $77.67 and its 22-day price average of $76.92, and is up 10.17% for the year. Revenue was $1692.66M in the last fiscal year compared to $755.93M three years ago, Operating Income was $(0.53)M in the last fiscal year compared to $(74.72)M three years ago, EPS was $(0.22) in the last fiscal year compared to $(0.5) three years ago, and ROE was (6.02%) in the last year compared to (7.02)% three years ago. The stock is trading with a Forward 12M P/E of 90.3.

MORE FROM FORBESPinterest (PINS)

Plug Power Inc (PLUG)

Plug Power Inc
PLUG
 is our final Top Short today. The company is an innovator of modern hydrogen and fuel cell technology. It has revolutionized the material handling industry with its full-service GenKey solution, which is designed to increase productivity, lower operating costs and reduce carbon footprints in a reliable and cost-effective way. Our AI systems rated Plug Power C in Technicals, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 5.58% to $27.98 on volume of 28,143,980 vs its 10-day price average of $27.28 and its 22-day price average of $30.68, and is down 13.02% for the year. Revenue was $(100.47)M in the last fiscal year compared to $174.63M three years ago, Operating Income was $(550.26)M in the last fiscal year compared to $(69.48)M three years ago, EPS was $(1.58) in the last fiscal year compared to $(0.36) three years ago, and ROE was (68.42%) in the last year compared to (143.71)% three years a go.

MORE FROM FORBESPlug Power (PLUG)

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