Equities Analysts Set Expectations for Beam Global’s Q1 2024 Earnings (NASDAQ:BEEM)

Beam Global (NASDAQ:BEEM) – B. Riley issued their Q1 2024 EPS estimates for shares of Beam Global in a note issued to investors on Thursday, April 18th. B. Riley analyst C. Souther expects that the company will post earnings of ($0.25) per share for the quarter. B. Riley has a “Buy” rating and a $15.00 price target on the stock. The consensus estimate for Beam Global’s current full-year earnings is ($0.50) per share. B. Riley also issued estimates for Beam Global’s Q2 2024 earnings at ($0.18) EPS, Q3 2024 earnings at ($0.10) EPS, Q4 2024 earnings at ($0.05) EPS, FY2024 earnings at ($0.58) EPS and FY2025 earnings at $0.71 EPS.

Several other equities analysts have also recently issued reports on BEEM. Roth Mkm restated a “buy” rating and set a $9.00 target price on shares of Beam Global in a research note on Tuesday. Needham & Company LLC restated a “hold” rating on shares of Beam Global in a research note on Thursday, April 18th. Finally, HC Wainwright restated a “buy” rating and set a $30.00 target price on shares of Beam Global in a research note on Thursday, April 18th.

Beam Global Price Performance

Shares of Beam Global stock opened at $6.60 on Monday. The stock has a market cap of $95.30 million, a price-to-earnings ratio of -4.49 and a beta of 0.82. The firm’s 50-day moving average is $6.72 and its 200 day moving average is $6.47. Beam Global has a 1 year low of $5.00 and a 1 year high of $13.66.

Hedge Funds Weigh In On Beam Global

Institutional investors have recently made changes to their positions in the business. Barclays PLC bought a new position in shares of Beam Global in the 3rd quarter worth approximately $128,000. Jump Financial LLC bought a new position in shares of Beam Global in the 3rd quarter worth approximately $130,000. Pathstone Family Office LLC lifted its stake in shares of Beam Global by 13.9% in the 3rd quarter. Pathstone Family Office LLC now owns 18,850 shares of the company’s stock worth $139,000 after purchasing an additional 2,305 shares during the period. Calton & Associates Inc. bought a new position in shares of Beam Global in the 3rd quarter worth approximately $143,000. Finally, PFG Investments LLC lifted its stake in shares of Beam Global by 97.0% in the 1st quarter. PFG Investments LLC now owns 23,051 shares of the company’s stock worth $157,000 after purchasing an additional 11,348 shares during the period. Institutional investors own 26.59% of the company’s stock.

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.