Beam Global (NASDAQ:BEEM) Receives $4.00 Average PT from Brokerages

by · The Markets Daily

Shares of Beam Global (NASDAQ:BEEM – Get Free Report) have received a consensus rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $4.00.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Beam Global in a research note on Wednesday, October 8th.

Read Our Latest Stock Analysis on Beam Global

Beam Global Price Performance

NASDAQ BEEM opened at $1.66 on Friday. Beam Global has a 1 year low of $1.33 and a 1 year high of $4.04. The business’s fifty day moving average is $2.24 and its two-hundred day moving average is $2.28. The stock has a market capitalization of $31.49 million, a P/E ratio of -0.87 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.98.

Beam Global (NASDAQ:BEEM – Get Free Report) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.03). The company had revenue of $5.79 million for the quarter, compared to the consensus estimate of $8.45 million. Beam Global had a negative return on equity of 61.03% and a negative net margin of 105.89%. On average, research analysts forecast that Beam Global will post -0.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Beam Global

A hedge fund recently bought a new stake in Beam Global stock. Two Sigma Investments LP acquired a new position in Beam Global (NASDAQ:BEEM – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,460 shares of the company’s stock, valued at approximately $102,000. Two Sigma Investments LP owned about 0.20% of Beam Global as of its most recent filing with the Securities and Exchange Commission (SEC). 26.59% of the stock is currently owned by institutional investors and hedge funds.

Beam Global Company Profile

(Get Free Report)

Beam Global (NASDAQ:BEEM) is a developer of solar-powered infrastructure solutions designed to support the transition to clean energy and electric transportation. Headquartered in California, the company specializes in producing off-grid EV charging units, solar canopy systems and energy storage solutions that can be rapidly deployed in urban, rural and remote environments. By integrating photovoltaic panels with battery storage and charging hardware, Beam Global’s products aim to reduce reliance on grid power and lower carbon emissions at charging locations.

The company’s flagship product, EV ARC, is a standalone, solar-powered electric vehicle fast-charging kiosk that requires no construction, trenching or utility upgrades.

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