Beam Global (NASDAQ:BEEM) Given Average Rating of “Hold” by Analysts

Beam Global (NASDAQ:BEEM) has earned an average recommendation of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. One 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 twelve-month price objective 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 report on Wednesday, January 21st.

Institutional Trading of Beam Global

Institutional investors have recently bought and sold shares of the company. State Street Corp increased its holdings in Beam Global by 17.6% in the fourth quarter. State Street Corp now owns 58,228 shares of the company’s stock worth $87,000 after buying an additional 8,700 shares during the last quarter. Green Alpha Advisors LLC grew its position in Beam Global by 143.3% in the fourth quarter. Green Alpha Advisors LLC now owns 47,374 shares of the company’s stock worth $71,000 after acquiring an additional 27,903 shares in the last quarter. Two Sigma Investments LP bought a new stake in Beam Global in the third quarter worth approximately $102,000. Quadrature Capital Ltd acquired a new position in shares of Beam Global during the 4th quarter worth $61,000. Finally, Virtue Capital Management LLC increased its stake in shares of Beam Global by 1,339.7% during the 4th quarter. Virtue Capital Management LLC now owns 50,000 shares of the company’s stock worth $81,000 after purchasing an additional 46,527 shares during the last quarter. Institutional investors and hedge funds own 26.59% of the company’s stock.

Beam Global Stock Down 4.9%

BEEM stock opened at $1.37 on Friday. The firm has a market cap of $26.07 million, a PE ratio of -0.72 and a beta of 1.33. Beam Global has a 12 month low of $1.33 and a 12 month high of $4.04. The firm has a 50 day simple moving average of $1.55 and a 200 day simple moving average of $2.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.98 and a quick ratio of 0.97.

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.