Beam Global (NASDAQ:BEEM) Receives Average Recommendation of “Moderate Buy” from Analysts

Beam Global (NASDAQ:BEEM) has received an average rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $5.3333.

A number of equities analysts have commented on BEEM shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Beam Global in a research note on Saturday, September 27th. Needham & Company LLC reissued a “hold” rating on shares of Beam Global in a research note on Friday, August 15th.

Beam Global Trading Up 2.4%

Shares of BEEM opened at $2.98 on Friday. The stock has a 50 day simple moving average of $2.56 and a 200-day simple moving average of $2.03. The company has a current ratio of 1.77, a quick ratio of 0.88 and a debt-to-equity ratio of 0.01. Beam Global has a 1 year low of $1.33 and a 1 year high of $5.30. The stock has a market cap of $52.57 million, a PE ratio of -1.94 and a beta of 1.31.

Beam Global (NASDAQ:BEEM) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.28) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.01. The company had revenue of $7.08 million for the quarter, compared to analyst estimates of $7.25 million. Beam Global had a negative return on equity of 34.97% and a negative net margin of 69.33%. On average, sell-side analysts predict that Beam Global will post -0.67 EPS for the current fiscal year.

Hedge Funds Weigh In On Beam Global

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

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.