Roth Mkm Reaffirms Buy Rating for Beam Global (NASDAQ:BEEM)

Roth Mkm reaffirmed their buy rating on shares of Beam Global (NASDAQ:BEEM) in a report released on Tuesday, Benzinga reports. They currently have a $9.00 price objective on the stock.

Other equities analysts have also issued reports about the stock. Needham & Company LLC reissued a hold rating on shares of Beam Global in a research report on Thursday, April 18th. B. Riley dropped their price objective on shares of Beam Global from $18.00 to $15.00 and set a buy rating on the stock in a research report on Thursday, April 18th. Finally, HC Wainwright reissued a buy rating and issued a $30.00 price objective on shares of Beam Global in a research report on Thursday, April 18th.

Beam Global Trading Up 11.3 %

NASDAQ BEEM opened at $6.60 on Tuesday. The firm’s fifty day moving average price is $6.72 and its two-hundred day moving average price is $6.47. Beam Global has a 1 year low of $5.00 and a 1 year high of $13.66. The firm has a market capitalization of $95.30 million, a P/E ratio of -4.49 and a beta of 0.82.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Barclays PLC bought a new position in Beam Global in the 3rd quarter valued at approximately $128,000. Jump Financial LLC bought a new position in Beam Global in the 3rd quarter valued at approximately $130,000. Pathstone Family Office LLC raised its holdings in Beam Global by 13.9% in the 3rd quarter. Pathstone Family Office LLC now owns 18,850 shares of the company’s stock valued at $139,000 after buying an additional 2,305 shares during the last quarter. Calton & Associates Inc. bought a new position in Beam Global in the 3rd quarter valued at approximately $143,000. Finally, PFG Investments LLC raised its holdings in Beam Global by 97.0% in the 1st quarter. PFG Investments LLC now owns 23,051 shares of the company’s stock valued at $157,000 after buying an additional 11,348 shares during the last quarter. Institutional investors own 26.59% of the company’s stock.

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.