Blink(US:BLNK) investorplace.com·2024-05-24 10:20Core Viewpoint - The resurgence of meme stocks is anticipated due to potential rate cuts and a favorable environment for speculative investments, making it a strategic time to consider undervalued meme stocks for significant returns in the near future [2]. Group 1: Riot Platforms (RIOT) - Riot Platforms is highlighted as a top pick among meme stocks, with a forward P/E ratio of 22 and a cash buffer (including Bitcoin holdings) of $1.3 billion as of Q1 2024, indicating strong fundamentals [4][5]. - The company reported a hash rate capacity of 12.4 EH/s in Q1 2024, with a target of 31.5 EH/s by year-end, which is expected to drive substantial revenue and EBITDA growth [6]. Group 2: Cronos Group (CRON) - Cronos Group is positioned favorably at a current stock price of $2.79, with potential for significant appreciation if cannabis is legalized federally, possibly trading in double digits [8]. - The company ended Q1 2024 with a cash buffer of $855 million, providing flexibility for growth through organic and acquisition strategies [8]. - Recent expansions into Germany, Australia, and the United Kingdom are expected to enhance revenue growth, alongside improvements in EBITDA driven by cost-cutting measures [9]. Group 3: Blink Charging (BLNK) - Blink Charging has experienced a 55% correction in stock price over the past year, but is considered oversold and likely to rally significantly [12]. - The company reported a 73% year-on-year revenue growth to $37.6 million in Q1 2024, with a projected gross margin of 33% for the full year and positive adjusted EBITDA by December 2024 [13]. - The expansion of EV charging stations is expected to increase service revenue, supporting EBITDA margin expansion beyond 2024 [14].