Beam Global (NASDAQ:BEEM) Receives $4.00 Average Target Price from Brokerages

Shares of Beam Global (NASDAQ:BEEM) have been assigned a consensus rating of “Hold” from the five brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered 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, January 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Green Alpha Advisors LLC raised its stake in shares of Beam Global by 143.3% during the fourth quarter. Green Alpha Advisors LLC now owns 47,374 shares of the company’s stock worth $71,000 after purchasing an additional 27,903 shares during the last quarter. Two Sigma Investments LP purchased a new position in Beam Global in the 3rd quarter valued at $102,000. Finally, Vanguard Group Inc. increased its stake in Beam Global by 8.8% in the 3rd quarter. Vanguard Group Inc. now owns 660,619 shares of the company’s stock valued at $1,903,000 after buying an additional 53,640 shares during the period. Institutional investors and hedge funds own 26.59% of the company’s stock.

Beam Global Price Performance

Shares of NASDAQ BEEM opened at $1.49 on Friday. The stock has a market cap of $28.35 million, a P/E ratio of -0.78 and a beta of 1.34. Beam Global has a twelve month low of $1.33 and a twelve month high of $4.04. The stock has a 50 day moving average of $1.71 and a two-hundred day moving average of $2.25. The company has a current ratio of 1.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01.

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

About Beam Global

Beam Global (NASDAQ:BEEM) is a developer of solar-powered infrastructure solutions designed to support the transition to clean energy and electric transportation. Headquartered in California, the company specializes in producing off-grid EV charging units, solar canopy systems and energy storage solutions that can be rapidly deployed in urban, rural and remote environments. By integrating photovoltaic panels with battery storage and charging hardware, Beam Global’s products aim to reduce reliance on grid power and lower carbon emissions at charging locations.

The company’s flagship product, EV ARC, is a standalone, solar-powered electric vehicle fast-charging kiosk that requires no construction, trenching or utility upgrades.