Beam Global (NASDAQ:BEEM) Receives Average Recommendation of “Moderate Buy” from Analysts

Beam Global (NASDAQ:BEEM) has been given a consensus recommendation of “Moderate Buy” by the five research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $5.3333.

Several analysts have commented on the stock. Needham & Company LLC restated a “hold” rating on shares of Beam Global in a report on Friday, August 15th. Maxim Group dropped their target price on shares of Beam Global from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Monday, May 19th. B. Riley dropped their target price on shares of Beam Global from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Tuesday, May 20th. Finally, Citigroup restated a “buy” rating on shares of Beam Global in a report on Tuesday, May 20th.

Institutional Trading of Beam Global

Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP acquired a new stake in Beam Global during the 4th quarter worth approximately $39,000. Shufro Rose & Co. LLC acquired a new stake in Beam Global during the 1st quarter worth approximately $31,000. Northern Trust Corp raised its holdings in shares of Beam Global by 51.6% in the fourth quarter. Northern Trust Corp now owns 54,723 shares of the company’s stock valued at $173,000 after purchasing an additional 18,628 shares during the last quarter. XTX Topco Ltd raised its holdings in shares of Beam Global by 106.0% in the fourth quarter. XTX Topco Ltd now owns 41,880 shares of the company’s stock valued at $133,000 after purchasing an additional 21,548 shares during the last quarter. Finally, Virtue Capital Management LLC raised its holdings in shares of Beam Global by 400.0% in the fourth quarter. Virtue Capital Management LLC now owns 50,000 shares of the company’s stock valued at $158,000 after purchasing an additional 40,000 shares during the last quarter. 26.59% of the stock is currently owned by institutional investors and hedge funds.

Beam Global Stock Performance

Shares of NASDAQ:BEEM opened at $2.52 on Friday. The company has a market capitalization of $45.27 million, a price-to-earnings ratio of -1.64 and a beta of 1.26. The firm’s 50 day simple moving average is $2.09 and its 200 day simple moving average is $1.97. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.77 and a quick ratio of 0.92. Beam Global has a fifty-two week low of $1.33 and a fifty-two week high of $5.90.

Beam Global (NASDAQ:BEEM) last announced its quarterly earnings results on Thursday, August 14th. The company reported ($0.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.01. The business had revenue of $7.08 million for the quarter, compared to the consensus estimate of $7.25 million. Beam Global had a negative net margin of 69.33% and a negative return on equity of 34.97%. As a group, sell-side analysts forecast that Beam Global will post -0.67 earnings per share for the current year.

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.