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AI Identifies Livent Corp Among Today’s Top Shorts

As investors continue to trade in a wait-and-see pattern regarding inflation, stocks continue to trade in a muted fashion. May’s consumer price index data is set to be released tomorrow, and that could go a long way in telling us which way inflation is going. With the Dow Jones rising 3 points, the S&P 500 trading just below its record high and up nearly 0.2%, and the Nasdaq
NDAQ
gaining 0.4%, it’s been a pretty quiet week thus far for the indices. Reopening plays rose on Wednesday, while meme stock darlings like Clover Health and Wendy’s had another intense day of gains. Thursday’s session should be a bit more interesting with the release of new jobless claims data, in addition to the CPI data. 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)

Blink Charging Co is our first Top Short for the fourth consecutive 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 up 0.39% to $40.95 on volume of 2,069,690 vs its 10-day price average of $36.88 and its 22-day price average of $33.76, and is up 9.19% 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 day in a row. 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 down 1.26% to $276.33 on volume of 1,118,856 vs its 10-day price average of $271.28 and its 22-day price average of $252.45, and is up 16.96% 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 third day in a row. 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 1.24% to $21.17 on volume of 2,506,674 vs its 10-day price average of $19.9 and its 22-day price average of $18.63, and is up 12.73% 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 128.38. 

MORE FROM FORBESLivent (LTHM)

Plug Power Inc (PLUG)

Our fourth Top Short today, and on our list yet again, 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 up 1.95% to $33.49 on volume of 31,395,990 vs its 10-day price average of $30.67 and its 22-day price average of $27.46, and is up 4.1% 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)

Hexcel Corp (HXL)

Industrial materials company Hexcel Corp
HXL
 is our final 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 1.81% to $62.43 on volume of 452,016 vs its 10-day price average of $59.41 and its 22-day price average of $55.64, and is up 34.03% 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 102.29.

MORE FROM FORBESHexcel (HXL)

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