Beam Global (NASDAQ:BEEM) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Beam Global (NASDAQ:BEEM - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $5.3333.

A number of analysts have commented on the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Beam Global in a research report on Saturday, September 27th. 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

A hedge fund recently bought a new stake in Beam Global stock. Shufro Rose & Co. LLC bought a new position in Beam Global (NASDAQ:BEEM - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,000 shares of the company's stock, valued at approximately $31,000. Shufro Rose & Co. LLC owned approximately 0.10% of Beam Global at the end of the most recent quarter. 26.59% of the stock is currently owned by hedge funds and other institutional investors.

Beam Global Price Performance

Shares of NASDAQ:BEEM opened at $2.98 on Friday. The business has a 50 day moving average price of $2.56 and a 200 day moving average price of $2.03. Beam Global has a twelve month low of $1.33 and a twelve month high of $5.30. The company has a market cap of $52.57 million, a price-to-earnings ratio of -1.94 and a beta of 1.31. The company has a quick ratio of 0.88, a current ratio of 1.77 and a debt-to-equity ratio of 0.01.

Beam Global (NASDAQ:BEEM - Get Free Report) last announced 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 return on equity of 34.97% and a negative net margin of 69.33%.The firm had revenue of $7.08 million during the quarter, compared to the consensus estimate of $7.25 million. Research analysts predict that Beam Global will post -0.67 earnings per share for the current 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.

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