Beam Global (NASDAQ:BEEM) Given Average Recommendation of “Moderate Buy” by Brokerages

Beam Global (NASDAQ:BEEM) has earned an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $5.3333.

BEEM has been the topic of a number of analyst reports. Maxim Group lowered their price objective on Beam Global from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Monday, May 19th. B. Riley reduced their price target on Beam Global from $5.00 to $4.00 and set a “buy” rating for the company in a report on Tuesday, May 20th. Citigroup reaffirmed a “buy” rating on shares of Beam Global in a report on Tuesday, May 20th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Beam Global in a research report on Friday, August 15th.

Institutional Trading of Beam Global

Institutional investors have recently added to or reduced their stakes in the stock. Shufro Rose & Co. LLC acquired a new position in Beam Global during the first quarter worth about $31,000. Virtue Capital Management LLC boosted its stake in shares of Beam Global by 400.0% during the 4th quarter. Virtue Capital Management LLC now owns 50,000 shares of the company’s stock worth $158,000 after acquiring an additional 40,000 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Beam Global by 51.6% in the 4th quarter. Northern Trust Corp now owns 54,723 shares of the company’s stock worth $173,000 after acquiring an additional 18,628 shares during the period. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Beam Global in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 26.59% of the company’s stock.

Beam Global Stock Performance

Shares of BEEM opened at $2.58 on Wednesday. The stock has a market capitalization of $46.36 million, a P/E ratio of -1.68 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.88 and a current ratio of 1.77. Beam Global has a 1 year low of $1.33 and a 1 year high of $5.57. The company’s fifty day moving average is $2.37 and its two-hundred day moving average is $1.97.

Beam Global (NASDAQ:BEEM) last issued its earnings results on Thursday, August 14th. The company reported ($0.28) earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.01. Beam Global had a negative net margin of 69.33% and a negative return on equity of 34.97%. The business had revenue of $7.08 million for the quarter, compared to the consensus estimate of $7.25 million. On average, sell-side analysts predict that Beam Global will post -0.67 earnings per share for the current year.

Beam Global Company Profile

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.