Beam Global (NASDAQ:BEEM) Given Average Rating of “Hold” by Brokerages

Beam Global (NASDAQ:BEEM) has been given an average rating of “Hold” by the five research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $4.00.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Beam Global in a research note on Wednesday, October 8th.

Institutional Investors Weigh In On Beam Global

An institutional investor recently bought a new position in Beam Global stock. Two Sigma Investments LP purchased a new stake in shares of Beam Global (NASDAQ:BEEM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 35,460 shares of the company’s stock, valued at approximately $102,000. Two Sigma Investments LP owned 0.20% of Beam Global as of its most recent SEC filing. Institutional investors own 26.59% of the company’s stock.

Beam Global Stock Performance

Shares of BEEM opened at $1.69 on Friday. The company has a market capitalization of $32.07 million, a PE ratio of -0.88 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.98 and a quick ratio of 0.97. Beam Global has a one year low of $1.33 and a one year high of $4.04. The company’s fifty day moving average price is $2.09 and its 200 day moving average price is $2.28.

Beam Global (NASDAQ:BEEM) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03). The firm had revenue of $5.79 million for the quarter, compared to the consensus estimate of $8.45 million. Beam Global had a negative net margin of 105.89% and a negative return on equity of 61.03%. As a group, analysts expect that Beam Global will post -0.67 earnings per share for the current year.

About Beam Global

Beam Global (NASDAQ:BEEM) is a developer of solar-powered infrastructure solutions designed to support the transition to clean energy and electric transportation. Headquartered in California, the company specializes in producing off-grid EV charging units, solar canopy systems and energy storage solutions that can be rapidly deployed in urban, rural and remote environments. By integrating photovoltaic panels with battery storage and charging hardware, Beam Global’s products aim to reduce reliance on grid power and lower carbon emissions at charging locations.

The company’s flagship product, EV ARC, is a standalone, solar-powered electric vehicle fast-charging kiosk that requires no construction, trenching or utility upgrades.