Beam Global (NASDAQ:BEEM) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Beam Global (NASDAQ:BEEM) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $5.3333.

Several equities research analysts recently commented on BEEM shares. Needham & Company LLC reissued a “hold” rating on shares of Beam Global in a report on Friday, August 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Beam Global in a research note on Wednesday.

Beam Global Stock Performance

NASDAQ BEEM opened at $3.34 on Friday. The stock has a market capitalization of $58.92 million, a price-to-earnings ratio of -2.17 and a beta of 1.31. The stock has a 50-day moving average of $2.64 and a 200 day moving average of $2.06. The company has a current ratio of 1.77, a quick ratio of 0.88 and a debt-to-equity ratio of 0.01. Beam Global has a twelve month low of $1.33 and a twelve month high of $5.30.

Beam Global (NASDAQ:BEEM) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.28) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.01. Beam Global had a negative return on equity of 34.97% and a negative net margin of 69.33%.The business had revenue of $7.08 million during the quarter, compared to analysts’ expectations of $7.25 million. Sell-side analysts anticipate that Beam Global will post -0.67 EPS for the current fiscal year.

Hedge Funds Weigh In On Beam Global

A hedge fund recently bought a new stake in Beam Global stock. Shufro Rose & Co. LLC purchased a new position in Beam Global (NASDAQ:BEEM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 15,000 shares of the company’s stock, valued at approximately $31,000. Shufro Rose & Co. LLC owned about 0.10% of Beam Global at the end of the most recent reporting period. 26.59% of the stock is currently owned by institutional investors and hedge funds.

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.