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

Beam Global (NASDAQ:BEEM) has been given a consensus recommendation of “Hold” by the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $4.00.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Beam Global in a research note on Wednesday, October 8th.

Beam Global Price Performance

Shares of BEEM opened at $1.60 on Friday. The company has a 50 day moving average of $2.28 and a two-hundred day moving average of $2.27. The company has a quick ratio of 0.97, a current ratio of 1.98 and a debt-to-equity ratio of 0.01. Beam Global has a twelve month low of $1.33 and a twelve month high of $4.04. The company has a market cap of $30.45 million, a price-to-earnings ratio of -0.84 and a beta of 1.32.

Beam Global (NASDAQ:BEEM) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03). The business had revenue of $5.79 million for the quarter, compared to analyst estimates of $8.45 million. Beam Global had a negative return on equity of 61.03% and a negative net margin of 105.89%. As a group, analysts predict that Beam Global will post -0.67 earnings per share for the current fiscal year.

Institutional Trading of Beam Global

A hedge fund recently raised its stake in Beam Global stock. Vanguard Group Inc. raised its stake in shares of Beam Global (NASDAQ:BEEM) by 8.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 660,619 shares of the company’s stock after purchasing an additional 53,640 shares during the quarter. Vanguard Group Inc. owned about 3.75% of Beam Global worth $1,903,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 26.59% of the company’s stock.

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.