Beam Global’s (BEEM) “Buy” Rating Reiterated at Roth Mkm

Beam Global (NASDAQ:BEEM)‘s stock had its “buy” rating reissued by analysts at Roth Mkm in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $9.00 price objective on the stock. Roth Mkm’s target price would indicate a potential upside of 43.54% from the company’s current price.

Several other brokerages have also recently weighed in on BEEM. Needham & Company LLC restated a “hold” rating on shares of Beam Global in a research report on Thursday, April 18th. B. Riley dropped their price objective on shares of Beam Global from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $30.00 price objective on shares of Beam Global in a research note on Thursday, April 18th.

Beam Global Stock Performance

Shares of Beam Global stock traded up $0.34 on Tuesday, hitting $6.27. 34,974 shares of the company traded hands, compared to its average volume of 113,550. The business has a 50-day simple moving average of $6.74 and a 200 day simple moving average of $6.47. Beam Global has a 52 week low of $5.00 and a 52 week high of $13.66. The stock has a market capitalization of $90.54 million, a P/E ratio of -4.26 and a beta of 0.82.

Institutional Trading of Beam Global

Large investors have recently made changes to their positions in the stock. Calton & Associates Inc. purchased a new stake in Beam Global in the third quarter worth about $143,000. Jump Financial LLC purchased a new stake in Beam Global in the third quarter worth about $130,000. Barclays PLC purchased a new stake in Beam Global in the third quarter worth about $128,000. Pathstone Family Office LLC lifted its stake in Beam Global by 13.9% in the third quarter. Pathstone Family Office LLC now owns 18,850 shares of the company’s stock worth $139,000 after acquiring an additional 2,305 shares during the period. Finally, AWM Investment Company Inc. lifted its stake in Beam Global by 39.4% in the third quarter. AWM Investment Company Inc. now owns 592,363 shares of the company’s stock worth $4,372,000 after acquiring an additional 167,363 shares during the period. 26.59% of the stock is owned by hedge funds and other institutional investors.

Beam Global Company Profile

Beam Global, a clean-technology innovation company, engages in the design, development, engineering, manufacture, and sale of renewably energized infrastructure products and battery solutions. Its product portfolio includes EV ARC (electric vehicle autonomous renewable charger), an infrastructure product that uses integrated solar power and battery storage to provide a mounting asset and a source of power for factory installed electric vehicle charging stations; Solar Tree DCFC, an off-grid, renewably energized, and single-column mounted smart generation and energy storage system to provide a 150kW DC fast charge to one or more electric vehicles, such as electric buses, heavy-duty vehicles, agricultural equipment, public transportation, and electric vehicles used in the construction industry; and EV ARC DCFC, a DC fast charging system for charging EVs.