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

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

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

Beam Global Price Performance

Beam Global stock opened at $1.72 on Tuesday. The firm has a market capitalization of $32.73 million, a PE ratio of -0.90 and a beta of 1.34. Beam Global has a 52 week low of $1.33 and a 52 week high of $4.04. The firm’s 50-day simple moving average is $1.76 and its 200 day simple moving average is $2.30. 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 posted its earnings results 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). Beam Global had a negative net margin of 105.89% and a negative return on equity of 61.03%. The business had revenue of $5.79 million for the quarter, compared to analysts’ expectations of $8.45 million. On average, equities research analysts predict that Beam Global will post -0.67 EPS for the current fiscal year.

Institutional Trading of Beam Global

Large investors have recently made changes to their positions in the stock. Green Alpha Advisors LLC increased its position in Beam Global by 143.3% during the 4th quarter. Green Alpha Advisors LLC now owns 47,374 shares of the company’s stock worth $71,000 after purchasing an additional 27,903 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of Beam Global during the third quarter worth about $102,000. Finally, Vanguard Group Inc. lifted its stake in shares of Beam Global by 8.8% during the third quarter. Vanguard Group Inc. now owns 660,619 shares of the company’s stock valued at $1,903,000 after buying an additional 53,640 shares during the period. Institutional investors and hedge funds own 26.59% of the company’s stock.

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.