Carvana Co And Blink Charging Co Rated Top Shorts Again This Week

Tech stocks appear to be back “in,” as the sector led the S&P 500 to another record. Despite yesterday’s consumer price index report for May, which showed inflation to be at its hottest level since August 2008, bond yields fell, and stocks popped. The Dow Jones gained 100 points, the S&P 500 added 0.2% to its record high, and the Nasdaq
NDAQ
ticked up 0.1%. Apple
AAPL
, Amazon
AMZN
, and Netflix
NFLX
all rose, while meme stocks like AMC and GameStop
GME
recovered 3% and 4%, respectively. 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. 

Sign up for the free Forbes AI Investor newsletter here to join an exclusive AI investing community and get premium investing ideas before markets open.

Blink Charging Co (BLNK)

No stranger to our list the last few weeks, Blink Charging Co is once again our first Top Short for the day. 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 2.9% to $38.52 on volume of 1,087,187 vs its 10-day price average of $38.07 and its 22-day price average of $34.47, and is up 2.71% 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 for the third time this week. 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 0.82% to $266.67 on volume of 1,359,070 vs its 10-day price average of $272.51 and its 22-day price average of $254.32, and is up 12.87% 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)

Livent Corp (LTHM)

Livent Corp is also a Top Short for the fourth day this week. 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 down 7.76% to $18.9 on volume of 8,311,741 vs its 10-day price average of $20.16 and its 22-day price average of $18.79, and is up 0.64% 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 2.95% over the next 12 months, and the stock is trading with a Forward 12M P/E of 114.61.

MORE FROM FORBESLivent (LTHM)

Plug Power Inc (PLUG)

Our fourth Top Short today, and on our list yet again, 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 down 2.9% to $31.49 on volume of 19,942,490 vs its 10-day price average of $31.31 and its 22-day price average of $28.4, and is down 2.11% 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)

National Cinemedia Inc (NCMI)

Our final Top Short of the day is National Cinemedia Inc
NCMI
. National Cinemedia is a cinema advertising company, and is responsible for ad displays in movie theaters, online, and mobile. Our AI systems rated the company C in Technicals, C in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed down 1.96% to $5.0 on volume of 289,220 vs its 10-day price average of $5.06 and its 22-day price average of $4.76, and is up 38.5% for the year. Revenue was $90.4M in the last fiscal year compared to $441.4M three years ago, Operating Income was $(58.9)M in the last fiscal year compared to $158.2M three years ago, and EPS was $(0.84) in the last fiscal year compared to $0.37 three years ago. Forward 12M Revenue is also expected to grow by 26.74% over the next 12 months.

MORE FROM FORBESNational Cinemedia (NCMI)

Liked what you read? Sign up for our free Forbes AI Investor Newsletter here to get AI driven investing ideas weekly. For a limited time, subscribers can join an exclusive slack group to get these ideas before markets open.