Beam Global (NASDAQ:BEEM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Beam Global (NASDAQ:BEEM) from a sell rating to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

BEEM has been the topic of several other reports. Zacks Research upgraded Beam Global from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Freedom Capital upgraded shares of Beam Global from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Weiss Ratings downgraded shares of Beam Global from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, September 10th. Finally, Freedom Broker lowered shares of Beam Global from a “buy” rating to a “hold” rating and set a $1.50 price target on the stock. in a research report on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $1.50.

Beam Global Price Performance

BEEM opened at $1.34 on Friday. Beam Global has a fifty-two week low of $0.97 and a fifty-two week high of $4.04. The firm has a market capitalization of $30.32 million, a PE ratio of -1.63 and a beta of 1.48. The company’s 50-day moving average is $1.24 and its 200 day moving average is $1.40.

Beam Global (NASDAQ:BEEM) last issued its quarterly earnings data on Wednesday, August 19th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.06. The firm had revenue of $8.56 million during the quarter, compared to analyst estimates of $8.19 million. Beam Global had a negative return on equity of 73.59% and a negative net margin of 64.60%. As a group, analysts expect that Beam Global will post -0.77 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Harraden Circle Investments LLC purchased a new stake in Beam Global in the second quarter worth $43,400,000. BlackRock Inc. bought a new stake in shares of Beam Global in the second quarter valued at $288,000. T3 Companies LLC purchased a new position in shares of Beam Global during the 4th quarter valued at $165,000. Lineage Point Capital LP purchased a new position in shares of Beam Global during the 2nd quarter valued at $1,000,000. Finally, Readystate Asset Management LP bought a new position in shares of Beam Global during the 2nd quarter worth $562,000. Institutional investors own 26.59% of the company’s stock.

Beam Global Company Profile

Beam Global (NASDAQ: BEEM) is a clean-technology company that develops and manufactures renewable energy infrastructure for electric mobility and other applications. Its products are designed to provide power without relying exclusively on traditional grid connections, supporting organizations seeking flexible and resilient charging and energy solutions.

The company’s primary product is the EV ARC, a transportable, solar-powered electric vehicle charging system that integrates solar generation, battery storage and charging equipment.