Roth Mkm Reaffirms Buy Rating for Beam Global (NASDAQ:BEEM)

Roth Mkm restated their buy rating on shares of Beam Global (NASDAQ:BEEM - Free Report) in a report issued on Tuesday, Benzinga reports. Roth Mkm currently has a $9.00 price objective on the stock.

BEEM has been the topic of several other reports. HC Wainwright restated a buy rating and issued a $30.00 price target on shares of Beam Global in a research report on Thursday, April 18th. B. Riley dropped their price objective on Beam Global from $18.00 to $15.00 and set a buy rating on the stock in a research note on Thursday, April 18th. Finally, Needham & Company LLC reaffirmed a hold rating on shares of Beam Global in a research note on Thursday, April 18th.

Beam Global Trading Up 11.3 %

Shares of NASDAQ:BEEM traded up $0.67 during midday trading on Tuesday, hitting $6.60. The company had a trading volume of 121,726 shares, compared to its average volume of 114,729. Beam Global has a 12 month low of $5.00 and a 12 month high of $13.66. The stock has a market cap of $95.30 million, a price-to-earnings ratio of -4.49 and a beta of 0.82. The firm has a fifty day simple moving average of $6.72 and a 200 day simple moving average of $6.47.

Institutional Trading of Beam Global

Several hedge funds have recently added to or reduced their stakes in the business. Barclays PLC acquired a new stake in shares of Beam Global in the 3rd quarter valued at about $128,000. Jump Financial LLC acquired a new stake in shares of Beam Global in the 3rd quarter valued at about $130,000. Pathstone Family Office LLC raised 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 during the period. Calton & Associates Inc. acquired a new stake in shares of Beam Global in the 3rd quarter valued at about $143,000. Finally, PFG Investments LLC raised its stake in shares of Beam Global by 97.0% in the 1st quarter. PFG Investments LLC now owns 23,051 shares of the company's stock valued at $157,000 after purchasing an additional 11,348 shares during the period. Institutional investors and hedge funds own 26.59% of the company's stock.

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.