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

Beam Global (NASDAQ:BEEM) has been given an average rating of “Hold” by the five ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $4.00.

Several research analysts have recently issued reports on BEEM shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Beam Global in a research note on Friday, August 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Beam Global in a report on Wednesday, October 8th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BEEM. Two Sigma Investments LP purchased a new stake in Beam Global in the 3rd quarter valued at approximately $102,000. Vanguard Group Inc. increased its position in Beam Global by 8.8% during the third quarter. Vanguard Group Inc. now owns 660,619 shares of the company’s stock worth $1,903,000 after buying an additional 53,640 shares in the last quarter. Finally, Shufro Rose & Co. LLC acquired a new position in shares of Beam Global in the first quarter worth $31,000. 26.59% of the stock is currently owned by institutional investors and hedge funds.

Beam Global Stock Performance

BEEM opened at $1.72 on Monday. Beam Global has a 1-year low of $1.33 and a 1-year high of $4.25. The stock has a market cap of $32.73 million, a P/E ratio of -1.12 and a beta of 1.30. The stock’s 50 day simple moving average is $2.68 and its 200 day simple moving average is $2.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.77 and a quick ratio of 0.88.

Beam Global (NASDAQ:BEEM) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.03). The firm 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 34.97% and a negative net margin of 69.33%. As a group, equities analysts anticipate that Beam Global will post -0.67 EPS for the current fiscal year.

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.