NASDAQ:BEEM

Beam Global (BEEM) Stock Forecast, Price & News

$7.38

-0.11 (-1.47%)

(As of 09/29/2023 ET)

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Today's Range: $7.32
▼
$7.76
50-Day Range: $7.06
▼
$11.48
52-Week Range: $7.02
▼
$21.58

Volume: 61,569 shs
Average Volume: 131,285 shs
Market Capitalization: $102.88 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $27.00

Beam Global MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 265.9% Upside
$27.00 Price Target
Short Interest: Bearish
12.34% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.64
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($1.13) to ($0.16) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.67 out of 5 stars

Auto/Tires/Trucks Sector

79th out of 98 stocks

Semiconductors & Related Devices Industry

81st out of 90 stocks

3.4

Analyst's Opinion

Consensus Rating
Beam Global has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $27.00, Beam Global has a forecasted upside of 265.9% from its current price of $7.38.
Amount of Analyst Coverage
Beam Global has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
12.34% of the outstanding shares of Beam Global have been sold short.
Short Interest Ratio / Days to Cover
Beam Global has a short interest ratio ("days to cover") of 9.4.
Change versus previous month
Short interest in Beam Global has recently increased by 6.17%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Beam Global does not currently pay a dividend.
Dividend Growth
Beam Global does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BEEM.

2.6

News and Social Media Coverage

News Sentiment
Beam Global has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Beam Global this week, compared to 1 article on an average week.
Search Interest
Only 9 people have searched for BEEM on MarketBeat in the last 30 days. This is a decrease of -10% compared to the previous 30 days.
MarketBeat Follows
8 people have added Beam Global to their MarketBeat watchlist in the last 30 days. This is an increase of 60% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Beam Global insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.01% of the stock of Beam Global is held by insiders.
Percentage Held by Institutions
Only 28.26% of the stock of Beam Global is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Beam Global are expected to grow in the coming year, from ($1.13) to ($0.16) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Beam Global is -3.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Beam Global is -3.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Beam Global has a P/B Ratio of 3.21. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Beam Global (NASDAQ:BEEM) Stock

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. It is also developing EV-Standard, a lamp standard, EV charging, and emergency power product that uses an existing streetlamp's foundation and a combination of solar, wind, grid connection, and onboard energy storage to provide curbside charging; and UAV ARC, an off-grid and renewably energized product and network used to charge aerial drone (UAV) fleets. The company was formerly known as Envision Solar International, Inc. and changed its name to Beam Global in September 2020. Beam Global was incorporated in 2006 and is headquartered in San Diego, California.

BEEM Price History

30 days | 90 days | 365 days | Advanced Chart

BEEM Stock News Headlines

September 29, 2023 | finanznachrichten.de

Beam Global Launches 160 mph Wind-Rated EV ARC Sustainable EV Charging Infrastructure Products

September 29, 2023 | stockhouse.com

Beam Global Launches 160 mph Wind-Rated EV ARC(TM) Sustainable EV Charging Infrastructure Products

October 1, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

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September 29, 2023 | finance.yahoo.com

Beam Global Launches 160 mph Wind-Rated EV ARC™ Sustainable EV Charging Infrastructure Products

September 26, 2023 | finance.yahoo.com

Beam Global Completes Initial Deployment of Solar-Powered EV ARC™ Electric Vehicle Charging Systems for Top Global Automotive Manufacturer

September 15, 2023 | msn.com

Beam Global: Why I Didn't Buy The EV Charging Story

September 7, 2023 | stockhouse.com

Beam Global EV ARC(TM) Systems Continue to Operate Throughout Hurricane Idalia

September 7, 2023 | finance.yahoo.com

Beam Global EV ARC™ Systems Continue to Operate Throughout Hurricane Idalia

October 1, 2023 | Goldco (Ad)

Warren Buffett: Stark Warning On Inflation

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August 15, 2023 | msn.com

Beam Crushes Earnings and the Stock Falls. Investors Don't Like EV Charging Now.

August 8, 2023 | finance.yahoo.com

Beam Global to Release Second Quarter 2023 Operating Results, Conference Call Scheduled for August 14, 2023 at 4:30 p.m. ET

August 3, 2023 | finance.yahoo.com

The City of Los Angeles Department of Recreation and Parks Strengthens its Commitment to Sustainability with Third Follow-On Order of Beam Global EV ARC™ Off-Grid Solar Charging Systems

July 27, 2023 | yahoo.com

a16z-backed Eco unveils Beam, a P2P crypto transfer service aiming to be a 'global Venmo'

July 13, 2023 | benzinga.com

Watching Beam Global; Hearing Zacks Home Run Investor Newsletter Mentions Stock As Buy

July 2, 2023 | msn.com

Beam Global: Unique Value Proposition But Stock To Remain Under Pressure

June 19, 2023 | finance.yahoo.com

Beam Global Executes Binding LOI to Acquire Europe Based Amiga, Announces Pricing of Upsized $22.5 Million Public Offering of Common Stock and Announces Q2 Revenue and Unit Guidance

June 19, 2023 | msn.com

San Diego electric vehicle charging company to acquire Serbian firm for $10M

June 16, 2023 | finance.yahoo.com

Beam Global Executes Binding LOI to Acquire Europe Based Amiga, Announces Proposed Public Offering of Common Stock and Announces Q2 Revenue and Unit Guidance

June 10, 2023 | finance.yahoo.com

Is Beam Global (NASDAQ:BEEM) Worth US$10.9 Based On Its Intrinsic Value?

June 8, 2023 | finance.yahoo.com

Beam Global Awarded Gold Company of the Year in Stevie® 2023 American Business Awards®

June 6, 2023 | finance.yahoo.com

Beam Global to Present at the LD Micro Invitational XIII 2023 Conference

May 23, 2023 | msn.com

HC Wainwright & Co. Reiterates Beam Global (BEEM) Buy Recommendation

May 19, 2023 | finance.yahoo.com

Beam Global to Participate at the B. Riley 23rd Annual Institutional Investor Conference

May 17, 2023 | markets.businessinsider.com

Analysts Offer Insights on Industrial Goods Companies: Gibson Energy (OtherGBNXF) and Beam Global (BEEM)

May 16, 2023 | finance.yahoo.com

EV charging infrastructure capacity 'will be essential' for grid independence: Beam Global CEO

May 15, 2023 | seekingalpha.com

Beam Global GAAP EPS of -$0.38 beats by $0.07, revenue of $13.02M beats by $4.68M

May 12, 2023 | finance.yahoo.com

Beam Global and ASP Isotopes Inc. Interviews to Air on Bloomberg U.S. on the RedChip Money Report(R)

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BEEM Company Calendar

Last Earnings: 8/14/2023
Today: 10/01/2023
Next Earnings (Estimated): 11/09/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors & related devices
Sub-Industry: N/A
Sector: Auto/Tires/Trucks
Current Symbol: NASDAQ:BEEM
CUSIP: N/A
CIK: 1398805
Web: www.envisionsolar.com
Phone: (858) 799-4583
Fax: 858-799-4592
Employees: 101
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $27.00
High Stock Price Forecast: $40.00
Low Stock Price Forecast: $15.00
Forecasted Upside/Downside: +265.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.80
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.14)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-19,680,000.00
Net Margins: -48.43%
Pretax Margin: -48.40%
Return on Equity: -68.65%
Return on Assets: -46.67%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 4.06
Quick Ratio: 3.04

Sales & Book Value

Annual Sales: $22 million
Price / Sales: 4.68
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.30 per share
Price / Book: 3.21

Miscellaneous

Outstanding Shares: 13,940,000
Free Float: 13,517,000
Market Cap: $102.88 million
Optionable: Not Optionable
Beta: 0.63

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Key Executives

Mr. Desmond Wheatley (Age 57)
Chairman, CEO, Pres & Sec.
Comp: $783.97k

Ms. Katherine H. McDermott (Age 63)
Chief Financial Officer
Comp: $440k

Ms. Sandra Peterson (Age 60)
VP of Sales & Marketing
Comp: $279k

Mr. Davis Nacamu
Director of Operations

Mr. Bryan Kennard
Chief Applications Engineer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BEEM Stock - Frequently Asked Questions

Should I buy or sell Beam Global stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Beam Global in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BEEM shares.
View BEEM analyst ratings or view top-rated stocks.
What is Beam Global's stock price forecast for 2023?: 5 Wall Street analysts have issued 1 year price objectives for Beam Global's stock. Their BEEM share price forecasts range from $15.00 to $40.00. On average, they anticipate the company's stock price to reach $27.00 in the next year. This suggests a possible upside of 265.9% from the stock's current price.
View analysts price targets for BEEM or view top-rated stocks among Wall Street analysts.
How have BEEM shares performed in 2023?: Beam Global's stock was trading at $17.47 at the start of the year. Since then, BEEM stock has decreased by 57.8% and is now trading at $7.38.
View the best growth stocks for 2023 here.
Are investors shorting Beam Global?: Beam Global saw a increase in short interest in September. As of September 15th, there was short interest totaling 1,720,000 shares, an increase of 6.2% from the August 31st total of 1,620,000 shares. Based on an average daily trading volume, of 183,900 shares, the days-to-cover ratio is currently 9.4 days.
View Beam Global's Short Interest.
When is Beam Global's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
View our BEEM earnings forecast.
How were Beam Global's earnings last quarter?: Beam Global (NASDAQ:BEEM) released its quarterly earnings data on Monday, August, 14th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by $0.02. The company had revenue of $17.82 million for the quarter, compared to analysts' expectations of $15.90 million. Beam Global had a negative trailing twelve-month return on equity of 68.65% and a negative net margin of 48.43%.

What other stocks do shareholders of Beam Global own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Beam Global investors own include Tesla (TSLA), Aimmune Therapeutics (AIMT), Intuitive Surgical (ISRG), Ballard Power Systems (BLDP), Blink Charging (BLNK), NIO (NIO), Nikola (NKLA), Sorrento Therapeutics (SRNE), Acacia Communications (ACIA) and Aurora Cannabis (ACB).
What is Beam Global's stock symbol?: Beam Global trades on the NASDAQ under the ticker symbol "BEEM."
How do I buy shares of Beam Global?: Shares of BEEM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Beam Global's stock price today?: One share of BEEM stock can currently be purchased for approximately $7.38.
How much money does Beam Global make?: Beam Global (NASDAQ:BEEM) has a market capitalization of $102.88 million and generates $22 million in revenue each year. The company earns $-19,680,000.00 in net income (profit) each year or ($2.14) on an earnings per share basis.
How many employees does Beam Global have?: The company employs 101 workers across the globe.
How can I contact Beam Global?: Beam Global's mailing address is 5660 EASTGATE DRIVE, SAN DIEGO CA, 92121. The official website for the company is www.envisionsolar.com. The company can be reached via phone at (858) 799-4583, via email at tt@coreir.com, or via fax at 858-799-4592.

This page (NASDAQ:BEEM) was last updated on 10/1/2023 by MarketBeat.com Staff

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