NASDAQ:BEEM

Beam Global - BEEM Stock Forecast, Price & News

$18.11

+0.77 (+4.44%)

(As of 11/25/2022 08:57 PM ET)

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Today's Range: $17.51
▼
$18.24
50-Day Range: $9.38
▼
$18.11
52-Week Range: $8.90
▼
$27.54

Volume: 107,100 shs
Average Volume: 221,448 shs
Market Capitalization: $182.84 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $26.60

Beam Global MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 46.9% Upside
$26.60 Price Target
Short Interest: Bearish
20.24% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.07
Based on 10 Articles This Week
Insider Trading: Selling Shares
$328,861 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($1.61) to ($0.54) Per Share

Overall MarketRank^™

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

1.83 out of 5 stars

Auto/Tires/Trucks Sector

77th out of 104 stocks

Semiconductors & Related Devices Industry

78th out of 95 stocks

3.5

Analyst's Opinion

Consensus Rating
Beam Global has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $26.60, Beam Global has a forecasted upside of 46.9% from its current price of $18.11.
Amount of Analyst Coverage
Beam Global has only been the subject of 2 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
20.24% of the float of Beam Global has been sold short.
Short Interest Ratio / Days to Cover
Beam Global has a short interest ratio ("days to cover") of 15.4, which indicates bearish sentiment.
Change versus previous month
Short interest in Beam Global has recently increased by 3.75%, indicating that investor sentiment is decreasing.

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.

3.9

News and Social Media Coverage

News Sentiment
Beam Global has a news sentiment score of 1.07. 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 is a higher news sentiment than the 0.61 average news sentiment score of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Beam Global this week, compared to 1 article on an average week.
Search Interest
14 people have searched for BEEM on MarketBeat in the last 30 days. This is an increase of 27% 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 167% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Beam Global insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $328,861.00 in company stock.
Percentage Held by Insiders
Only 2.64% of the stock of Beam Global is held by insiders.
Percentage Held by Institutions
Only 24.70% 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 ($1.61) to ($0.54) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Beam Global is -12.84, 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 -12.84, 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 6.18. 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 products for electric vehicle (EV) charging infrastructure, outdoor media and branding, and energy security products. The company's product portfolio include 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.

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BEEM Stock News Headlines

November 26, 2022 | americanbankingnews.com

Beam Global Expected to Earn FY2022 Earnings of ($1.44) Per Share (NASDAQ:BEEM)

November 20, 2022 | seekingalpha.com

Beam Global: Revenue Soars. The Product Is Heading For Profit

November 19, 2022 | americanbankingnews.com

Beam Global (NASDAQ:BEEM) Price Target Lowered to $15.00 at Cowen

November 19, 2022 | americanbankingnews.com

Contrasting Silicon Motion Technology (NASDAQ:SIMO) & Beam Global (NASDAQ:BEEM)

November 18, 2022 | americanbankingnews.com

Beam Global (NASDAQ:BEEM) Major Shareholder Sells $166,072.32 in Stock

November 17, 2022 | finance.yahoo.com

Beam Global Receives $11.7M Order for the U.S. Department of Veterans Affairs for 140 EV ARC™ Systems*

November 14, 2022 | finance.yahoo.com

Beam Global Receives $2.9M Order from U.S. Department of Homeland Security for Sustainable EV Charging Infrastructure Products*

November 11, 2022 | finance.yahoo.com

Analysts' Revenue Estimates For Beam Global (NASDAQ:BEEM) Are Surging Higher

November 4, 2022 | finance.yahoo.com

Beam Global Schedules Fiscal Third Quarter 2022 Financial Results Conference Call for November 10, 2022 at 4:30 p.m. ET

October 25, 2022 | finance.yahoo.com

Beam Global Receives Multiple Orders from New Jersey State Agencies for EV ARC™ Solar EV Charging Systems

October 20, 2022 | finance.yahoo.com

Beam Global Sees 72% YoY Growth in New Orders from Enterprise and Business Customers from Q1 Through Q3 of 2021

October 17, 2022 | nasdaq.com

Even though Beam Global (NASDAQ:BEEM) has lost US$18m market cap in last 7 days, shareholders are still up 86% over 3 years

October 11, 2022 | finance.yahoo.com

Beam Global's (NASDAQ:BEEM) investors will be pleased with their impressive 105% return over the last three years

October 6, 2022 | finance.yahoo.com

Beam Global Delivers 23 EV ARC™ Charging Systems to Federally Funded Research and Development Centers

September 14, 2022 | finance.yahoo.com

Beam Global (NASDAQ:BEEM) Is Expected To Breakeven In The Near Future

September 7, 2022 | finance.yahoo.com

Beam Global Receives Sustainability Initiative of the Year Award

September 1, 2022 | finance.yahoo.com

California advises slower EV charging as state’s electric grid struggles

September 1, 2022 | finance.yahoo.com

Beam Global Adds Oil and Gas Multinational to Its Customer List

August 17, 2022 | nasdaq.com

What Kind Of Investors Own Most Of Beam Global (NASDAQ:BEEM)?

August 15, 2022 | benzinga.com

Beam Global's Potential Timeline For Large Orders Prompts 20% Price Target Cut By This Analyst

August 13, 2022 | seekingalpha.com

Beam Global Q2 2022 Earnings Preview

August 13, 2022 | seekingalpha.com

Beam Global (BEEM) CEO Desmond Wheatley on Q2 2022 Results - Earnings Call Transcript

August 12, 2022 | nasdaq.com

Beam Global (BEEM) Reports Q2 Loss, Tops Revenue Estimates

August 12, 2022 | finance.yahoo.com

Beam Global Reports Fiscal Q2 2022 Financial Results

August 6, 2022 | finance.yahoo.com

Beam Global Schedules Fiscal Second Quarter 2022 Financial Results Conference Call for August 12, 2022 at 4:30 p.m. ET

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BEEM Company Calendar

Last Earnings: 11/10/2022
Today: 11/28/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 3/29/2023

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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: 29
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $26.60
High Stock Price Forecast: $40.00
Low Stock Price Forecast: $15.00
Forecasted Upside/Downside: +46.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.41)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-6,600,000.00
Net Margins: -78.95%
Pretax Margin: -78.94%
Return on Equity: -42.77%
Return on Assets: -33.52%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.10
Quick Ratio: 1.05

Sales & Book Value

Annual Sales: $9 million
Price / Sales: 20.32
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.93 per share
Price / Book: 6.18

Miscellaneous

Outstanding Shares: 10,096,000
Free Float: 9,829,000
Market Cap: $182.84 million
Optionable: Not Optionable
Beta: 0.39

Key Executives

Mr. Desmond Wheatley (Age 56)
Chairman, CEO, Pres & Sec.
Comp: $375k

Ms. Katherine H. McDermott (Age 62)
Chief Financial Officer
Comp: $264k

Ms. Sandra Peterson (Age 59)
VP of Sales & Marketing
Comp: $252.74k

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?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Beam Global in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BEEM shares.
View BEEM analyst ratings or view top-rated stocks.
What is Beam Global's stock price forecast for 2023?: 3 Wall Street research analysts have issued 1 year price targets for Beam Global's stock. Their BEEM share price forecasts range from $15.00 to $40.00. On average, they predict the company's share price to reach $26.60 in the next year. This suggests a possible upside of 46.9% 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 2022?: Beam Global's stock was trading at $18.60 at the start of the year. Since then, BEEM stock has decreased by 2.6% and is now trading at $18.11.
View the best growth stocks for 2022 here.
When is Beam Global's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 29th 2023.
View our BEEM earnings forecast.
How were Beam Global's earnings last quarter?: Beam Global (NASDAQ:BEEM) posted its quarterly earnings results on Thursday, November, 10th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.24) by $0.43. The company earned $6.61 million during the quarter, compared to analysts' expectations of $4.48 million. Beam Global had a negative trailing twelve-month return on equity of 42.77% and a negative net margin of 78.95%.

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."
Who are Beam Global's major shareholders?: Beam Global's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (4.36%), BlackRock Inc. (1.65%), Green Alpha Advisors LLC (0.44%), Essex Investment Management Co. LLC (0.42%), Citadel Advisors LLC (0.00%) and Lido Advisors LLC (0.37%). Insiders that own company stock include Desmond C Wheatley, Peter Warner Davidson and Townsend Battery Partners, Llc.
View institutional ownership trends.
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 $18.11.
How much money does Beam Global make?: Beam Global (NASDAQ:BEEM) has a market capitalization of $182.84 million and generates $9 million in revenue each year. The company earns $-6,600,000.00 in net income (profit) each year or ($1.41) on an earnings per share basis.
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 11/28/2022 by MarketBeat.com Staff

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