Weiss Ratings Reiterates Sell (D-) Rating for Beam Global (NASDAQ:BEEM)

Key Points

• Weiss Ratings has reiterated a "sell (D-)" rating for Beam Global (NASDAQ:BEEM) as of Friday, while Needham & Company maintains a "hold" rating.
• Beam Global's stock experienced a gain of 5.2% during trading, reaching $3.02, despite having a negative return on equity of 34.97%.
• The company reported a loss of $0.28 EPS for the last quarter, beating analyst estimates but falling short of revenue expectations with $7.08 million in earnings.

Beam Global (NASDAQ:BEEM - Get Free Report)'s stock had its "sell (d-)" rating reissued by research analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Separately, Needham & Company LLC restated a "hold" rating on shares of Beam Global in a research report on Friday, August 15th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Beam Global presently has a consensus rating of "Moderate Buy" and an average price target of $5.33.

Beam Global Trading Up 5.2%

Beam Global stock traded up $0.15 during trading hours on Friday, hitting $3.02. The stock had a trading volume of 377,248 shares, compared to its average volume of 533,007. The company has a quick ratio of 0.88, a current ratio of 1.77 and a debt-to-equity ratio of 0.01. The stock has a market cap of $53.27 million, a price-to-earnings ratio of -1.96 and a beta of 1.31. Beam Global has a one year low of $1.33 and a one year high of $5.30. The business's 50 day simple moving average is $2.82 and its 200-day simple moving average is $2.15.

Beam Global (NASDAQ:BEEM - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported ($0.28) EPS 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. On average, equities analysts predict that Beam Global will post -0.67 EPS for the current fiscal year.

Institutional Investors Weigh In On Beam Global

A hedge fund recently bought a new stake in Beam Global stock. Shufro Rose & Co. LLC bought a new position in shares of Beam Global (NASDAQ:BEEM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,000 shares of the company's stock, valued at approximately $31,000. Shufro Rose & Co. LLC owned 0.10% of Beam Global at the end of the most recent reporting period. Institutional investors 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.

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