Analysts Set Beam Global (NASDAQ:BEEM) Price Target at $4.00

Shares of Beam Global (NASDAQ:BEEM) have earned an average recommendation of “Hold” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on 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 report on Wednesday, January 21st.

Beam Global Trading Down 0.7%

NASDAQ BEEM opened at $1.47 on Friday. The firm has a market capitalization of $27.97 million, a PE ratio of -0.77 and a beta of 1.32. The stock’s 50 day moving average is $1.52 and its 200 day moving average is $1.99. Beam Global has a twelve month low of $1.33 and a twelve month high of $4.04. The company has a quick ratio of 0.97, a current ratio of 1.98 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Quadrature Capital Ltd bought a new stake in Beam Global during the fourth quarter worth about $61,000. Green Alpha Advisors LLC increased its stake in shares of Beam Global by 143.3% during the fourth quarter. Green Alpha Advisors LLC now owns 47,374 shares of the company’s stock valued at $71,000 after purchasing an additional 27,903 shares in the last quarter. Virtue Capital Management LLC lifted its holdings in shares of Beam Global by 1,339.7% during the fourth quarter. Virtue Capital Management LLC now owns 50,000 shares of the company’s stock valued at $81,000 after purchasing an additional 46,527 shares during the last quarter. State Street Corp boosted its position in shares of Beam Global by 17.6% in the 4th quarter. State Street Corp now owns 58,228 shares of the company’s stock worth $87,000 after purchasing an additional 8,700 shares in the last quarter. Finally, Two Sigma Investments LP bought a new stake in shares of Beam Global in the 3rd quarter worth approximately $102,000. 26.59% of the stock is owned by hedge funds and other institutional investors.

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.