Roth Capital Comments on Beam Global’s Q1 2024 Earnings (NASDAQ:BEEM)

Beam Global (NASDAQ:BEEM) – Investment analysts at Roth Capital dropped their Q1 2024 EPS estimates for shares of Beam Global in a report released on Tuesday, April 23rd. Roth Capital analyst C. Irwin now forecasts that the company will post earnings per share of ($0.30) for the quarter, down from their previous estimate of ($0.24). The consensus estimate for Beam Global’s current full-year earnings is ($0.72) per share. Roth Capital also issued estimates for Beam Global’s Q2 2024 earnings at ($0.24) EPS, Q3 2024 earnings at ($0.16) EPS, Q4 2024 earnings at ($0.10) EPS, FY2024 earnings at ($0.80) EPS and FY2025 earnings at $0.15 EPS.

BEEM has been the topic of several other research reports. B. Riley reduced 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 note on Thursday, April 18th. Roth Mkm reissued a “buy” rating and set a $9.00 price objective on shares of Beam Global in a research note on Tuesday. Needham & Company LLC reissued a “hold” rating on shares of Beam Global in a research note on Thursday, April 18th. Finally, HC Wainwright reissued a “buy” rating and set a $30.00 price objective on shares of Beam Global in a research note on Thursday, April 18th.

Beam Global Trading Up 1.6 %

Shares of NASDAQ BEEM opened at $6.43 on Thursday. The firm has a market capitalization of $92.85 million, a PE ratio of -4.37 and a beta of 0.82. Beam Global has a 1 year low of $5.00 and a 1 year high of $13.66. The firm’s 50-day moving average is $6.65 and its 200-day moving average is $6.47.

Beam Global (NASDAQ:BEEM) last issued its earnings results on Tuesday, April 16th. The company reported ($0.51) earnings per share (EPS) for the quarter. The business had revenue of $20.03 million during the quarter. Beam Global had a negative net margin of 23.84% and a negative return on equity of 36.71%.

Institutional Trading of Beam Global

Several hedge funds have recently bought and sold shares of the stock. Oak Family Advisors LLC raised its holdings in shares of Beam Global by 26.7% in the first quarter. Oak Family Advisors LLC now owns 47,107 shares of the company’s stock valued at $320,000 after purchasing an additional 9,921 shares during the last quarter. PFG Investments LLC increased its holdings in Beam Global by 97.0% during the first quarter. PFG Investments LLC now owns 23,051 shares of the company’s stock worth $157,000 after buying an additional 11,348 shares during the last quarter. AWM Investment Company Inc. increased its holdings in Beam Global by 39.4% during the third quarter. AWM Investment Company Inc. now owns 592,363 shares of the company’s stock worth $4,372,000 after buying an additional 167,363 shares during the last quarter. Pathstone Family Office LLC increased its holdings in Beam Global by 13.9% during the third quarter. Pathstone Family Office LLC now owns 18,850 shares of the company’s stock worth $139,000 after buying an additional 2,305 shares during the last quarter. Finally, Barclays PLC acquired a new position in Beam Global during the third quarter worth $128,000. 26.59% of the stock is currently owned by institutional investors and hedge funds.

About Beam Global

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.