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Amyris Among Today’s Top Shorts Amid News That The Central Bank Could Taper Its Bond Purchasing Program

August is infamously volatile, and we saw some of that last week. The indices all fell and saw their worst week since June. However, this Monday continues last Friday’s rally, despite more uncertainty on the Fed’s plans. Last week, the market dropped due to reports that the central bank could taper their bond purchasing program as early as the fall. More eyes and ears will be on them this week as we should get some more clarity on their plans Thursday and Friday during the Jackson Hole symposium. For now, though, stocks are rising. The Dow Jones is up 150 points, or nearly 0.5%, and the S&P 500 and Nasdaq
NDAQ
are each up about 0.5%. Oil recovered to almost $65 a barrel, Bitcoin crossed the $50,000 threshold today to reach a 3-month high. Pfizer
PFE
and BioNTech also rose about 3% and 7%, respectively, thanks to imminent full FDA approval. If you’re looking for a way to play this market, the deep learning algorithms at Tryq.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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Amyris Inc (AMRS)

Amyris Inc is our first Top Short today. Amyris Inc is a synthetic biotechnology and renewable chemical company. It serves the specialty and performance chemicals, flavors and fragrances, cosmetics ingredients, pharmaceuticals, and nutraceuticals markets. 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 15.33% to $13.99 on volume of 5,238,823 vs its 10-day price average of $13.51 and its 22-day price average of $14.21, and is up 99.29% for the year. Revenue grew by 98.21% in the last fiscal year and grew by 439.55% over the last three fiscal years, Operating Income grew by -89.72% in the last fiscal year and grew by -90.44% over the last three fiscal years, and EPS grew by -3.99% in the last fiscal year and grew by -51.13% over the last three fiscal years. Revenue was $173.14M in the last fiscal year compared to $63.6M three years ago, Operating Income was $(123.42)M in the last fiscal year compared to $(132.72)M three years ago, and EPS was $(1.88) in the last fiscal year compared to $(3.69) three years ago.

MORE FROM FORBESAmyris (AMRS)

​​Blink Charging Co (BLNK)

Blink Charging Co is our second 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 D in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 2.98% to $30.71 on volume of 1,227,458 vs its 10-day price average of $32.85 and its 22-day price average of $33.41, and is down 18.12% for the year. Revenue grew by 59.64% in the last fiscal year and grew by 270.26% over the last three fiscal years, and EPS grew by -32.18% 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 44.35% over the next 12 months.

MORE FROM FORBESBlink Charging (BLNK)

Livent Corp (LTHM)

Our third Top Short of the day is Livent Corp. 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 B in Technicals, D in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed up 6.65% to $24.21 on volume of 3,292,444 vs its 10-day price average of $24.23 and its 22-day price average of $21.73, and is up 28.91% for the year. Revenue grew by 20.99% in the last fiscal year, Operating Income grew by -77.78% in the last fiscal year, and EPS grew by -39.04% 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 9.57% over the next 12 months, and the stock is trading with a Forward 12M P/E of 98.86.

MORE FROM FORBESLivent (LTHM)

Plug Power Inc (PLUG)

Our fourth Top Short for the second day in a row 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 1.98% to $24.23 on volume of 13,642,400 vs its 10-day price average of $26.01 and its 22-day price average of $26.41, and is down 24.68% for the year. Revenue grew by -94.06% in the last fiscal year, while EPS grew by -10.05% 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 19.32% over the next 12 months.

MORE FROM FORBESPlug Power (PLUG)

Redfin Corp (RDFN)

Our final Top Short for the day is Redfin Corp. Redfin is a Seattle-based real estate brokerage, and operates with a unique business model. With Redfin’s business model, sellers pay Redfin a small fee to list the seller’s home, in addition to another small fee charged to the seller to compensate the brokerage representing the buyer. Customers who buy with Redfin are only charged 1% to list their home, and also receive a portion of the brokerage’s commission back (called the Redfin Refund). Our AI systems rated Redfin D in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 3.57% to $47.57 on volume of 1,311,007 vs its 10-day price average of $51.19 and its 22-day price average of $55.19, and is down 29.25% for the year. Revenue grew by 37.8% in the last fiscal year and grew by 150.77% over the last three fiscal years, Operating Income grew by -109.87% over the last three fiscal years, and EPS grew by -4.37% in the last fiscal year and grew by -54.5% over the last three fiscal years. Revenue was $886.09M in the last fiscal year compared to $486.92M three years ago, Operating Income was $7.31M in the last fiscal year compared to $(43.93)M three years ago, EPS was $(0.23) in the last fiscal year, compared to $(0.49) three years ago, and ROE was (3.85%) in the last year compared to (13.82%) three years ago. Forward 12M Revenue is also expected to grow by 17.12% over the next 12 months.

MORE FROM FORBESRedfin (RDFN)

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