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

Shares of Beam Global (NASDAQ:BEEM) have been assigned a consensus recommendation of “Hold” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $4.00.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Beam Global in a research note on Wednesday, January 21st.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BEEM. Quadrature Capital Ltd acquired a new position in Beam Global during the 4th quarter worth $61,000. Green Alpha Advisors LLC grew its position in shares of Beam Global by 143.3% in the fourth quarter. Green Alpha Advisors LLC now owns 47,374 shares of the company’s stock valued at $71,000 after purchasing an additional 27,903 shares during the last quarter. Virtue Capital Management LLC increased its stake in shares of Beam Global by 1,339.7% in the fourth 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 period. State Street Corp increased its stake in shares of 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 purchasing an additional 8,700 shares during the period. Finally, Two Sigma Investments LP acquired a new position in shares of Beam Global during the 3rd quarter worth about $102,000. Institutional investors own 26.59% of the company’s stock.

Beam Global Stock Down 4.9%

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

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.