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Carvana Co Ranked Among Today’s Top Shorts

Markets are essentially flat this morning as investors digested the latest in unemployment reporting. Jobless claims came in higher than expected at some 419k versus expectations of 350k, much elevated from last week’s report and a concerning sign. As the economy has reopened, Covid-19 has been spreading at a faster pace, which may have led to the higher numbers here. We also received some housing data this morning, as sales of existing homes did rise slightly as more listings came to market, but the average price of a home has skyrocketed this year as people try to win bidding wars for that pandemic-proof home. At this point, with the S&P 500 up over 16% year-to-date and over 33% in the last year, it will take more than one catalyst to push the market higher, but not a lot to take the market lower. If Monday’s sharp selloff was any indication, there could be more volatility on the horizon. 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)

Carvana Co is our first Top Short today. Carvana is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. Our AI systems rated the company C in Technicals, F in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed up 1.95% to $331.7 on volume of 1,135,853 vs its 10-day price average of $320.01 and its 22-day price average of $313.21, and is up 40.39% 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, while EPS grew by -22.3% 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 (100.05%) three years ago. Forward 12M Revenue is also expected to grow by 6.75% over the next 12 months.

MORE FROM FORBESCarvana (CVNA)

Fluor Corp (FLR)

Fluor Corp is second on our list of Top Shorts today. The company is one of the largest global providers of engineering, procurement, construction, fabrication, operations, and maintenance services. Our AI systems rated the company D in Technicals, D in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed up 1.14% to $16.86 on volume of 3,089,861 vs its 10-day price average of $16.31 and its 22-day price average of $16.99, and is up 6.57% for the year. EPS grew by -41.2% in the last fiscal year. Revenue was $15668.48M in the last fiscal year compared to $18851.01M three years ago, Operating Income was $144.96M in the last fiscal year compared to $426.32M three years ago, while EPS was $(3.1) in the last fiscal year compared to $1.22 three years ago. ROE was (15.85%) in the last year which compares to 6.56% three years ago. Forward 12M Revenue is expected to grow by 2.29% over the next 12 months and the stock is trading with a Forward 12M P/E of 22.97.

MORE FROM FORBESFluor (FLR)

Livent Corp (LTHM)

Our next Top Short is Livent Corp. Livent is a pure-play lithium producer formed when FMC
FMC
spun off its lithium business in October 2018. Livent should benefit from increased lithium demand via higher electric vehicle adoption, as lithium is a key component of EV batteries. Our AI systems rated the company F in Technicals, D in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 6.31% to $19.55 on volume of 2,714,301 vs its 10-day price average of $19.17 and its 22-day price average of $18.95, and is up 4.1% for the year. Revenue grew by 8.05% in the last fiscal year, while 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, while EPS was $(0.13) in the last fiscal year compared to $0.99 three years ago. ROE was (3.41%) in the last year, which compares to 28.94% three years ago. Forward 12M Revenue is expected to grow by 3.19% over the next 12 months and the stock is trading with a Forward 12M P/E of 114.19. 

MORE FROM FORBESLivent (LTHM)

Plug Power Inc (PLUG) 

Plug Power Inc is fourth on our list of Top Shorts 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 C in Technicals, F in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed up 4.43% to $28.05 on volume of 16,103,380 vs its 10-day price average of $27.63 and its 22-day price average of $30.45, and is down 12.81% for the year. Revenue grew by -33.4% in the last fiscal year while EPS grew by -9.39% 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 8.88% over the next 12 months. 

MORE FROM FORBESPlug Power (PLUG)

Blink Charging Co (BLNK)

Blink Charging Co is the final Top Short today. Blink is an owner, operator, and provider of electric vehicle charging services. 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 up 6.48% to $34.2 on volume of 1,256,538 vs its 10-day price average of $32.88 and its 22-day price average of $36.63, and is down 8.81% 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 expected to grow by 25.93% over the next 12 months.

MORE FROM FORBESBlink Charging (BLNK)

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