Carvana Co And Hexcel Corp Among Today’s Top Shorts

Stocks are coming off of a strong week. We saw jobless claims and private job growth shatter estimates amidst more signs that the economic recovery is heating up as much as the weather is. The S&P is currently sitting just about 0.2% from its record high, with all indices experiencing a very positive week. We will see what’s on tap for this week with more data set to be released, but for now, stocks are trading stably and hovering around where they closed on Friday. The Dow Jones rose 40 points, while both the S&P 500 and Nasdaq
NDAQ
traded 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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Blink Charging Co (BLNK)

After coming in as our first Top Short last Friday, Blink Charging Co is back on our list as the 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 C in Technicals, F in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed down 0.21% to $38.77 on volume of 1,657,524 vs its 10-day price average of $35.37 and its 22-day price average of $33.09, and is up 3.37% 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 our second Top Short. 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, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 2.18% to $279.87 on volume of 776,662 vs its 10-day price average of $265.69 and its 22-day price average of $251.9, and is up 18.45% for the year. Revenue grew by 20.53% in the last fiscal year and grew by 244.35% over the last three fiscal years, Operating Income grew by -23.77% in the last fiscal year, and EPS grew by -22.3% in the last fiscal year. 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 6.4% over the next 12 months.

MORE FROM FORBESCarvana (CVNA)

Hexcel Corp (HXL)

Industrial materials company Hexcel Corp
HXL
is our third Top Short today. The Connecticut based company focuses on developing and manufacturing structural materials. Our AI systems rated Hexcel D in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 1.34% to $60.51 on volume of 519,940 vs its 10-day price average of $57.78 and its 22-day price average of $54.89, and is up 29.91% for the year. Revenue was $1502.4M in the last fiscal year compared to $2189.1M three years ago, Operating Income was $72.0M in the last fiscal year compared to $378.9M three years ago, EPS was $0.38 in the last fiscal year compared to $3.11 three years ago, and ROE was 2.14% in the last year compared to 19.64% three years ago. Forward 12M Revenue is expected to grow by 5.91% over the next 12 months, and the stock is trading with a Forward 12M P/E of 99.15. 

MORE FROM FORBESHexcel (HXL)

Livent Corp (LTHM)

Livent Corp is our next Top Short. 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 C in Technicals, D in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed up 3.25% to $20.62 on volume of 1,666,217 vs its 10-day price average of $19.34 and its 22-day price average of $18.35, and is up 9.8% for the year. Revenue grew by 8.05% in the last fiscal year, and EPS grew by -5.85% 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 2.97% over the next 12 months, and the stock is trading with a Forward 12M P/E of 125.05. 

MORE FROM FORBESLivent (LTHM)

Plug Power Inc (PLUG)

Our final Top Short today is Plug Power Inc
PLUG
. 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 up 1.83% to $30.58 on volume of 26,662,230 vs its 10-day price average of $29.54 and its 22-day price average of $26.58, and is down 4.94% for the 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.

MORE FROM FORBESPlug Power (PLUG)

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