Following Reddit’s online forum r/WallStreetBets’ (WSB) huge success in squeezing short sellers out of their positions in struggling GameStop (GME) and significantly gaining from it earlier this year, the market has seen a wave of short squeezes.
However, the fundamental weaknesses in most of the Reddit plays have caused their short squeeze to be short lived, and the stocks declined quickly after hitting their highs.
Considering the clear disconnect between the fundamentals and price levels of Reddit favorites Blink Charging Co. (BLNK), Ideanomics Inc. (IDEX), Zomedica Corp. (ZOM), and AYRO Inc. (AYRO), we think it’s wise to avoid them now. These stocks have witnessed significant price declines lately and are susceptible to further price retreats.
Blink Charging Co. (BLNK)
BLNK owns, operates, and provides EV charging equipment and networked EV charging services. It also provides Blink Network, a cloud-based system that operates, maintains, and tracks various charging stations and associated charging data, as well enables the remote monitoring and management of stations and payment processing. BLNK offers over 23,000 EV charging equipment in the United States and worldwide.
BLNK has inked an agreement with General Motors (GM) to make public charging more convenient for GM vehicle owners. As part of GM’s Ultium Charge 360, EV customers will soon be offered seamless access to publicly available BLNK EV charging sites across the United States. BLNK also entered a reseller agreement last month with ev Transportation Services Inc. (evTS), an electric vehicle manufacturer that is focused on the essential services and urban mobility markets. It has agreed to distribute BLNK’s EV charging equipment to fleet customers, along with its FireFly ESV essential services vehicle. The relationship also pairs BLNK’s new IQ 200-M portable EV charger with evTS’ FireFly and delivers a fully electric EV Roadside Assistance Vehicle solution.
BLNK is scheduled to release its earnings report for the first quarter, ended March 31, on May 13. In the fourth quarter, BLNK’s revenue surged 250% year-over-year to $2.5 million, driven primarily by robust demand for its commercial and residential products. BLNK deployed, sold, or acquired 1,136 commercial and residential EV charging stations. Notably, the number of commercial Blink-owned charging stations contracted or deployed during the quarter grew by 51% during the quarter. However, the company’s loss widened, and its net loss came in at $7.9 million compared to a $2.9 million year-ago loss of $2.9 million.
The accelerating adoption of EVs worldwide represents an enormous opportunity for EV infrastructure providers, and BLNK aims to offer reliable charging options. The company is systematically expanding its footprint and growing its brand recognition by capturing premium locations and establishing strategic partnerships. However, BLNK’s EPS is expected to remain negative in its fiscal years 2021 and 2022. Analysts expect the company’s current quarter and current year EPS to decline 54.5% and 3.4%, respectively.
3 STOCKS TO DOUBLE THIS YEAR
In terms of forward EV/Sales, BLNK is currently trading at 135.00x, 7,866.3% more expensive than the 1.69x industry average. BLNK is highly overvalued in terms of forward P/S also (136.85x versus 1.42x). BLNK has lost more than 30% over the past three months to close yesterday’s trading session at $35.26. However, the stock has returned 2,024% over the past year.
BLNK’s POWR Ratings reflect a bleak outlook. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
The stock has an F overall rating , which translates to Strong Sell in our proprietary rating system. BLNK has an F grade for Value, Stability and Quality. It is ranked #87 of 87 stocks in the B-rated Industrial – Equipment industry.
In total, we rate BLNK on eight different levels. To see additional POWR Ratings for Growth, Momentum and Sentiment, click here.
Click here to checkout our Electric Vehicle Industry Report for 2021
Ideanomics Inc. (IDEX)
New York-based IDEX focuses on driving the adoption of commercial electric vehicles (EVs), associated energy consumption, and developing financial services and fintech products. Its Mobility division is a service provider that facilitates the adoption of EVs by commercial fleet operators, while its Capital division is focused on disruptive fintech solutions for the financial services industry.
On April 21, IDEX took a 20% ownership stake in FNL Technologies, which operates the popular social media platform hoo.be, through a cash and stock consideration. FNL has also acquired a 100% stake in IDEX’s digital advertising subsidiary, Grapevine Logic, as part of the deal. Also, IDEX’s Malaysia-based E-bike subsidiary, Treeletrik, inked a multi-year deal last month to supply 200,000 units of its electric motorbikes to Indonesia, via distributors PT Pasifik Sakti Enjiniring and the Nahdatul Ulama Board (PBNU).
IDEX will host a conference call on May 17 to discuss the results of its first quarter, ended March 31. Its revenue for 2020 was $26.8 million, compared to $44.57 million in the prior year. However, its EV revenue in 2020 was $19.5 million, rising more than 600% year-over-year. Notably, its annual revenues included its first sales of charging & battery systems. However, the company reported a $106 million net loss for the year, widening from the $96.83 million prior year loss. IDEX’s Digital Asset Management Services generated $40.7 million in revenue in its fiscal year 2019 but produced no revenues in 2020. In fact, service is not expected to produce any revenues for the foreseeable future. However, the company expects revenues from its charging systems to grow through WAVE, its inductive charging business acquired in January this year. However, even though IDEX has been diversifying its product portfolio, there is no hint of breakeven.
IDEX’s forward EV/Sales ratio currently stands at 9.94, 133.7% higher than the4.25 industry average. In terms of forward P/S, the stock is currently trading at 11.30x, significantly higher than the 4.00x industry average. IDEX closed yesterday’s trading session at $2.61, falling 50.7% over the past three months. Even though the stock is currently trading 52.8% below its $5.53 52-week high, it is still up more than 30% year-to-date.
It is no surprise that IDEX has an overall F rating, which equates to Strong Sell in our POWR Ratings system. IDEX also has an F grade for Value and Stability along with a D for Quality. It is ranked #114 in the 122-stock D-rated Software – Application industry.
Click here to see the additional POWR Ratings for IDEX (Growth, Momentum and Sentiment).
Zomedica Corp. (ZOM)
Michigan-based developmental-stage veterinary diagnostic and pharmaceutical company ZOM creates products for companion pets (canine, feline and equine) by focusing on the unmet needs of clinical veterinarians. The company’s product portfolio aims to include innovative diagnostics and medical devices that emphasize patient health and practice health.
ZOM had been a major underperformer since 2016 but captured the limelight with its plans to commercialize its first flagship product, Truforma, last November. Truforma is a biosensor platform covered by more than 70 patents that assists veterinarians in diagnosing complex conditions in cats and dogs. ZOM recorded its first commercial veterinarian sale of the platform in March. And on April 15, it declared its intention to expand its direct sales organization for its Truforma Platform, while phasing out its distributor-based sales efforts.
Since ZOM is still in its development stage and only made its first sale in March, the company recorded no revenues in 2020. The company had $62 million in cash and cash equivalents as of December 31 compared to $0.5 million in the prior year. This increase resulted from $56.5 million in proceeds from two equity offerings of common shares and warrants during the year. However, the company spent $8 million on research and development during the year. As a result, ZOM reported a $16.9 million loss for the year, compared to a year-ago loss of $19.8 million.
ZOM has a compelling and emerging business case that is riding on a first-mover advantage. However, it appears that ZOM’s stock has run too far on the back of unwarranted product-launch optimism. Even though the company expects Truforma to enjoy strong demand in the veterinary marketplace, it is too soon for investors to bet on the platform’s ability to disrupt the veterinary diagnostics market.
In terms of trailing-12-month P/B, ZOM is currently trading at 12.07x, 169.3% more expensive than the 4.48X industry average. With a 290% year-to-date gain, ZOM closed yesterday’s trading session at $0.90. However, the stock has started to lose momentum and is down 38.4% over the past month. ZOM is currently trading 69% below its $2.91 52-week high.
ZOM’s poor prospects are also apparent in its POWR Ratings. The stock has an overall D rating, which equates to Sell in our proprietary rating system. ZOM has a D grade for Value, Stability and Quality as well. In the 232-stock F-rated Medical – Pharmaceuticals industry, it is ranked #215.
To access additional POWR Ratings of ZOM for Growth, Momentum and Sentiment, click here.
AYRO Inc. (AYRO)
Texas-based AYRO designs and manufactures purpose-built, light-duty, emissions-free electric vehicles for urban and community transport, local delivery, closed campus mobility, recreational, and government use. It offers AYRO 311, a three-wheeled vehicle for professional and personal use, Club Car 411 for low-speed logistics and cargo services for campus, and AYRO 511 4×4 concepts.
On March 17 AYRO entered an agreement with Element Fleet Management, the world’s largest pure-play automotive fleet manager. The deal seeks to combine AYRO’s marketing, engineering, and production expertise with Element’s fleet management capabilities, global footprint and consulting experience. Notably, the companies aim to support the deployment of large fleets of AYRO electric delivery vehicles over the next four years. Furthermore, AYRO launched an industry-first electric vaccine vehicle (EVV) earlier this year with partners Element, Club Car, and Gallery Carts to expand access to COVID-19 vaccination and testing.
For its fiscal year 2020, ended December 31, AYRO generated $1.6 million in revenues, surging 80% year-over-year. AYRO has not yet reached the mass production-stage and is still in the early stages of the EV cycle. Its adjusted EBITDA loss came in at $7.8 million for the fiscal year versus a loss of $4.4 million in the comparable period last year. AYRO reported a $11.2 million loss, further widening from the $8.6 million year-ago loss.
AYRO aims to deliver more than 20,000 light-duty trucks and electric delivery vehicles over the next three years and estimates this production goal to have a value more than $300 million. In addition to launching EVV in the near-term, AYRO expects to launch its 411x light-duty EV truck in 2021 and unveil its 311x later this year. In fact, scaled production for the 311x is expected to begin in the first half of next year. In addition, the company has still to design its 511-concept.
AYRO’s forward EV/Sales ratio currently stands at 5.77, 240.7% higher than the 1.69 industry average. The company’s trailing-12-month P/S is 52.87x, while the industry average is at 1.59x. AYRO closed yesterday’s trading session at $5.07 and has lost nearly 23% in the past month. Though the stock has retreated 55.9% from its $11.50 52-week high, it has returned more than 90% over the past year.
AYRO’s POWR Ratings are consistent with its weak fundamentals. The stock has an overall F rating, which equates to Strong Sell in our proprietary rating system. It has been accorded an F grade for Stability and Quality, and D for Value. It is ranked #47 of 53-stocks in the B-rated industry.
Beyond what we stated above, we have also given AYRO grades for Growth, Momentum and Sentiment. Get all AYRO ratings here.
Click here to checkout our Electric Vehicle Industry Report for 2021
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BLNK shares were trading at $35.37 per share on Wednesday afternoon, up $0.11 (+0.31%). Year-to-date, BLNK has declined -17.26%, versus a 11.98% rise in the benchmark S&P 500 index during the same period.
About the Author: Sidharath Gupta
Sidharath’s passion for the markets and his love of words guided him to becoming a financial journalist. He began his career as an Equity Analyst, researching stocks and preparing in-depth research reports. Sidharath is currently pursuing the CFA program to deepen his knowledge of financial anlaysis and investment strategies. More...
More Resources for the Stocks in this Article
|Ticker||POWR Rating||Industry Rank||Rank in Industry|
|BLNK||Get Rating||Get Rating||Get Rating|
|IDEX||Get Rating||Get Rating||Get Rating|
|ZOM||Get Rating||Get Rating||Get Rating|
|AYRO||Get Rating||Get Rating||Get Rating|
Blink Charging Co.
may be overvalued. Its Value Score of F indicates it would be a bad pick for value investors. The financial health and growth prospects of BLNK, demonstrate its potential to underperform the market.
- Tesla Inc. (TSLA)
- Netflix Inc. (NFLX)
- Apple Inc. (AAPL)
- GameStop Corp. (GME)
- Meta Platforms Inc. (META)
- Amazon.com Inc. (AMZN)
- Advanced Micro Devices Inc. (AMD)
- Snap Inc. (SNAP)
|2||SPY||SPDR S&P 500 ETF Trust|
|4||BOOM||Dynamic Materials Corporation|
When the stock market goes down, volatility generally goes up, which could be a profitable bet for those willing to take risks. Though you can't invest in VIX directly, products have been developed to make it possible for you to profit from increased market volatility. One of the first was the VXX exchange-traded note.
Blink Charging Co's analyst rating consensus is a 'Moderate Buy. This is based on the ratings of 4 Wall Streets Analysts.
Stock Price Forecast
The 8 analysts offering 12-month price forecasts for Blink Charging Co have a median target of 18.00, with a high estimate of 50.00 and a low estimate of 12.30. The median estimate represents a +39.64% increase from the last price of 12.89.
12 Best Reddit Stocks To Invest In
- Lithium Americas Corp. (NYSE:LAC) ...
- Amyris, Inc. ...
- SAP SE (NYSE:SAP) ...
- FIGS, Inc. ...
- W.W. Grainger, Inc. ...
- Domino's Pizza, Inc. ...
- Pinduoduo Inc.
What does a double down buy alert indicate? The double down buy alert indicates that a Motley Fool investing service is recommending a stock for the second or even third time.
2022 is a bear market
This is a bad year to be selling stock. Ideally, you'd have a cash cushion to cover unexpected financial needs. That way, you wouldn't have to sell stocks in a down market.
- Invesco QQQ Trust (NASDAQ:QQQ) ...
- Vanguard Energy Index Fund (NYSE:VDE) ...
- Vanguard Total Stock Market Index Fund (NYSE:VTI) ...
- Vanguard S&P 500 Value Index Fund (NYSE:VOOV) ...
- Vanguard 500 Index Fund (NYSE:VOO)
People who use Reddit regularly generally do so for almost 34 minutes daily. Reddit's user base also trends toward the younger 18-35 demographic, and its users are highly active in specific segments like Gaming, Fashion, and Entertainment.
- (i) Diversify into different sectors and countries. ...
- (ii) Diversify into different assets. ...
- (iii) Timing your investments. ...
- (iv) Consider investing in total return funds.
- Treasury Bonds. ...
- Corporate Bond Funds. ...
- Money Market Funds. ...
- Gold. ...
- Precious Metal Funds. ...
- REITS—Real Estate Investment Trusts. ...
- Dividend Stocks. ...
- Essential Sector Stocks and Funds.
Why the stock market can be safer. Although the stock market produces volatile returns, it has a long history of outpacing inflation in the long run. So, if the money you have invested in the stock market isn't going to be used in the next few years, it's likely safer to keep your money invested than to take it out.
The consensus among 4 Wall Street analysts covering (NASDAQ: BLNK) stock is to Hold BLNK stock.
Lithium Americas has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 8 buy ratings, no hold ratings, and no sell ratings.
See how Blink Charging compares to similar products. Blink Charging's top competitors include Chargepoint, Xeal, and Loop. ChargePoint (NYSE: CHPT) operates an electric vehicle (EV) charging network.
2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BYD in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BYDDF shares.
EVgo has received a consensus rating of Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.
Iris Energy has received a consensus rating of Buy. The company's average rating score is 2.56, and is based on 5 buy ratings, 4 hold ratings, and no sell ratings.
- Stocks & ETFs. One of the most common ways to start investing is to build a portfolio of various stocks and exchange-traded funds (ETFs). ...
- Work With a Financial Advisor. ...
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- Alternative Investments. ...
- Fixed-Income Investments.
- eBay (NASDAQ:EBAY)
- Digital Realty Trust (NYSE:DLR)
- Upstart Holdings (NASDAQ:UPST)
- Lincoln Electric Holdings (NASDAQ:LECO)
- Visteon Corporation (NASDAQ: VC)
- United States Steel Corp. (NYSE:X)
- Intuit (NASDAQ:INTU)
- Roku (NASDAQ:ROKU)
|1||SPDR S&P 500 ETF Trust 1||SPY|
|4||Meta Materials 4||MMAT|
We regularly see similar ads from the Motley Fool about “all in” buy alerts, sometimes also called “double down” or “five star” buys, and they're generally just the type of steady teaser pitch that they can send out all year, over and over with no updates, to recruit subscribers for their flagship Motley Fool Stock ...
- Reliance Industries. Multinational Conglomerate.
- Tata Consultancy Services (TCS) Information Technology.
- Infosys. Information Technology.
- HDFC Bank. Banking.
Motley Fool Wealth Management, LLC's top holdings are Amazon.com, Inc. (US:AMZN) , Alphabet Inc. Class C (US:GOOG) , Booking Holdings Inc (US:BKNG) , Mercadolibre Inc (US:MELI) , and Invesco BulletShares 2023 Corporate Bond ETF (US:BSCN) .
You probably want to hang it up around the age of 70, if not before. That's not only because, by that age, you are aiming to conserve what you've got more than you are aiming to make more, so you're probably moving more money into bonds, or an immediate lifetime annuity.
The bear market in stock markets is forecast to intensify before giving way to more hopeful signals later in 2023, according to Goldman Sachs Research. The MSCI All Country World Index of global equities has fallen about 19% this year.
Investors are asking whether the housing market will bounce back in 2022. As the end of the year draws closer, most statistical indicators suggest that the answer is “no.”
|Fund Name & Ticker||Expense Ratio|
|Invesco RAFI Strategic US Small Company ETF (IUSS)||0.23%|
|Vanguard International Dividend Appreciation ETF (VIGI)||0.15%|
|Vanguard Short-Term Inflation-Protected Securities ETF (VTIP)||0.04%|
|Fidelity Total Bond ETF (FBND)||0.36%|
- Invesco Solar ETF (TAN)
- iShares Global Clean Energy ETF (ICLN)
- Invesco WilderHill Clean Energy ETF (PBW)
|NANR||SPDR S&P North American Natural Resources ETF||91.25%|
|IXN||iShares Global Tech ETF||90.58%|
|QQQ||Invesco QQQ Trust||90.55%|
|OMFL||Invesco Russell 1000 Dynamic Multifactor ETF||90.38%|
1. Alpha Metallurgical Resources is a Tennessee-based coal mining company. While clean energy may be the biggest long-term growth trend in the energy sector, coal prices have surged along with oil and gas prices as the world pushes to combat energy shortages by any means necessary.
- Reliance Industries.
- Tata Consultancy Services.
- HDFC Bank.
Going into 2022, among the key market sectors to watch are oil, gold, autos, services, and housing. Other key areas of concern include tapering, interest rates, inflation, payment for order flow (PFOF), and antitrust.
Reddit annual daily active users 2013 to 2020 (mm)
Reddit is the most popular among users aged 18 to 29. Over one in three US adults in this age range uses Reddit. There are currently more than 2.8 million subreddits. Reddit boasts more than 130,000 active communities.
While the United States currently has approximately 49 percent of all Reddit users. Both the United Kingdom and Canada are responsible for approximately 7.5 percent of all Reddit users each. There are a few other countries outside of the United States that also have a lot of Reddit users.
Causes. The global financial instability in 2022 is a holdover from the COVID-19 pandemic, as investors attempted to determine the long-term effects of the pandemic on the global economy. Global indices began to decline after January 2022.
That's approximately one every 4.5 years, on average. The average length of a bear market is 388 days. Excluding the longest and shortest bear markets, the average length is around 330 days -- or just under one year.
The October effect refers to the psychological anticipation that financial declines and stock market crashes are more likely to occur during this month than any other month. The Bank Panic of 1907, the Stock Market Crash of 1929, and Black Monday 1987 all happened during the month of October.
- High-yield savings accounts.
- Series I savings bonds.
- Short-term certificates of deposit.
- Money market funds.
- Treasury bills, notes, bonds and TIPS.
- Corporate bonds.
- Dividend-paying stocks.
- Preferred stocks.
In this case, it's best to sit tight and trust that your portfolio is ready to ride out the storm. You'll still experience some painful short-term jolts, but this will help you avoid losses from which your portfolio can't recover.
Despite what you might read on social media, stocks that never go down don't exist. If you want a completely safe investment with no chance you'll lose money, Treasury securities or certificates of deposit (CDs) may be your best bet.
A great hands-off choice for retirees is the 60/40 portfolio of stocks and bonds. Traditionally, this meant an allocation to U.S. stocks, Treasurys and investment-grade corporate bonds. Stocks drive strong returns during bull markets, while bonds reduce volatility and provide protection during market crashes.
What should a 70-year-old invest in? The average 70-year-old would most likely benefit from investing in Treasury securities, dividend-paying stocks, and annuities. All of these options offer relatively low risk.
From the start of 2022 through September 28, a 60/40 portfolio invested in line with benchmark U.S. stock and bond indexes shed 20%. Only two calendar years — both during the Great Depression — have been worse. Factor in rising prices, and things get even darker.
2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AudioEye in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" AEYE shares.
ChargePoint is the largest EV charging network in the United States with 15,454 locations. Blink EV charging stations are growing, but they are still the fourth largest EV charging network in the U.S. with 1,416 locations.
If you are looking for stocks with good return, Orbital Energy Group Inc stock can be a bad, high-risk 1-year investment option. Orbital Energy Group Inc real time quote is equal to 0.475 USD at 2022-11-22, but your current investment may be devalued in the future.
The sales per share metric is calculated by dividing a company's 12-month sales by the number of outstanding shares. A low P/S ratio in comparison to peers could suggest some undervaluation. A high P/S ratio would suggest overvaluation.
Is North West Company a buy or a sell? In the last year, 2 stock analysts published opinions about NWC-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock.
Is Brightcom Group Ltd a good quality company? Past 10 year's financial track record analysis by Moneyworks4me indicates that Brightcom Group Ltd is a below average quality company.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Happiest Minds Technologies Ltd is likely to Rise-somewhat in the short term.
- ChargePoint Holdings (NYSE: CHPT) ...
- Wallbox (NYSE: WBX) ...
- Blink Charging (NASDAQ: BLNK) ...
- EVgo (NASDAQ: EVGO) ...
- Tritium DCFC (NASDAQ: DCFC)
- Best EV Charging Stocks: ChargePoint (CHPT)
- Blink Charging (BLNK)
- Best EV Charging Stocks: Wallbox (WBX)
- EVgo (EVGO)
ChargePoint is investing for growth, building out its network of charging stations and services rather than concentrating on earning profits today. However, market conditions have dramatically shifted. Equity investors are no longer willing to underwrite speculative growth companies at high multiples.
|Company and ticker symbol||Performance year to date (percent)|
|Marathon Petroleum (MPC)||77.6%|
|Devon Energy (DVN)||75.6%|
- Adani Transmission (ADANITRANS): ...
- NTPC Ltd (NTPC): ...
- Power Grid Corporation (POWERGRID): ...
- Adani Power Ltd (ADANIPOWER): ...
- Tata Power Company Ltd (TATAPOWER): ...
- JSW Energy Ltd (JSWENERGY): ...
- NHPC Ltd (NHPC): ...
- Torrent Power Ltd (TORNTPOWER):
- Reliance Industries.
- Adani Green.
- Oil India.
- GAIL (India)
- Indraprastha Gas.
- Coal India.
If you believe that a stock is overvalued, you can wait for the price to fall and then buy the stock at a lower price. This strategy profits from gaining a position in a strong company at a fair price when there is fear in the markets and waiting for the price to recover over time.
Thus the percentages on the vertical axis show the over/undervaluation as a percent above mean value, which we're using as a surrogate for fair value. Based on the latest S&P 500 monthly data, the market is overvalued somewhere in the range of 50% to 106%, depending on the indicator, down from last month's 55% to 114%.
|1.||Forbes & Co||692.80|