Beam Global (NASDAQ:BEEM) to Post Q1 2024 Earnings of ($0.25) Per Share, B. Riley Forecasts

Beam Global (NASDAQ:BEEM) – Investment analysts at B. Riley issued their Q1 2024 earnings estimates for Beam Global in a research note issued on Thursday, April 18th. B. Riley analyst C. Souther anticipates that the company will post earnings of ($0.25) per share for the quarter. B. Riley has a “Buy” rating and a $15.00 price target on the stock. The consensus estimate for Beam Global’s current full-year earnings is ($0.50) per share. B. Riley also issued estimates for Beam Global’s Q2 2024 earnings at ($0.18) EPS, Q3 2024 earnings at ($0.10) EPS, Q4 2024 earnings at ($0.05) EPS, FY2024 earnings at ($0.58) EPS and FY2025 earnings at $0.71 EPS.

Other equities research analysts also recently issued research reports about the company. Needham & Company LLC reiterated a “hold” rating on shares of Beam Global in a research report on Thursday, April 18th. HC Wainwright reaffirmed a “buy” rating and issued a $30.00 price target on shares of Beam Global in a report on Thursday, April 18th.

Beam Global Price Performance

Shares of NASDAQ:BEEM opened at $5.93 on Monday. The firm has a fifty day moving average price of $6.74 and a two-hundred day moving average price of $6.47. The company has a market cap of $85.63 million, a price-to-earnings ratio of -4.03 and a beta of 0.82. Beam Global has a one year low of $5.00 and a one year high of $13.66.

Hedge Funds Weigh In On Beam Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Jump Financial LLC purchased a new position in shares of Beam Global during the 3rd quarter valued at about $130,000. Barclays PLC bought a new position in Beam Global during the third quarter valued at approximately $128,000. Oak Family Advisors LLC purchased a new position in shares of Beam Global during the fourth quarter worth approximately $264,000. AWM Investment Company Inc. lifted its holdings in shares of Beam Global by 39.4% in the 3rd quarter. AWM Investment Company Inc. now owns 592,363 shares of the company’s stock worth $4,372,000 after acquiring an additional 167,363 shares during the last quarter. Finally, Pathstone Family Office LLC boosted its stake in shares of Beam Global by 13.9% in the 3rd quarter. Pathstone Family Office LLC now owns 18,850 shares of the company’s stock valued at $139,000 after purchasing an additional 2,305 shares in the last quarter. Hedge funds and other institutional investors own 26.59% of the company’s stock.

Beam Global Company Profile

Beam Global, a cleantech company, designs, develops, engineers, manufactures, and sells renewably energized infrastructure products for electric vehicle (EV) charging infrastructure, energy storage, energy security, disaster preparedness, and outdoor media advertising. The company's product portfolio includes EV ARC (electric vehicle autonomous renewable charger), an infrastructure product that uses integrated solar power and battery storage to provide 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 50kW DC fast charge to one or more electric vehicles or larger vehicles; and EV ARC DCFC, a DC fast charging system for charging EVs.