Beam Global (NASDAQ:BEEM) Receives Consensus Rating of “Hold” from Brokerages

Shares of Beam Global (NASDAQ:BEEM) have been assigned an average recommendation of “Hold” from the five analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $4.00.

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

Hedge Funds Weigh In On Beam Global

An institutional investor recently bought a new position in Beam Global stock. Two Sigma Investments LP purchased a new position in Beam Global (NASDAQ:BEEM) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 35,460 shares of the company’s stock, valued at approximately $102,000. Two Sigma Investments LP owned approximately 0.20% of Beam Global at the end of the most recent reporting period. 26.59% of the stock is owned by institutional investors.

Beam Global Price Performance

Shares of Beam Global stock opened at $1.67 on Friday. The company’s fifty day simple moving average is $2.16 and its two-hundred day simple moving average is $2.29. Beam Global has a 12-month low of $1.33 and a 12-month high of $4.04. The firm has a market cap of $31.78 million, a PE ratio of -0.87 and a beta of 1.32. The company has a quick ratio of 0.97, a current ratio of 1.98 and a debt-to-equity ratio of 0.01.

Beam Global (NASDAQ:BEEM) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.03). The firm had revenue of $5.79 million for the quarter, compared to the consensus estimate of $8.45 million. Beam Global had a negative net margin of 105.89% and a negative return on equity of 61.03%. As a group, equities analysts expect that Beam Global will post -0.67 EPS for the current year.

Beam Global Company Profile

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.