Beam Global’s (BEEM) “Buy” Rating Reiterated at Roth Mkm

Roth Mkm reissued their buy rating on shares of Beam Global (NASDAQ:BEEM) in a research report released on Tuesday morning, Benzinga reports. They currently have a $9.00 target price on the stock.

Several other equities research analysts have also commented on BEEM. Needham & Company LLC reaffirmed a hold rating on shares of Beam Global in a report on Thursday, April 18th. HC Wainwright reaffirmed a buy rating and issued a $30.00 price target on shares of Beam Global in a report on Thursday, April 18th. Finally, B. Riley lowered their price target on shares of Beam Global from $18.00 to $15.00 and set a buy rating on the stock in a report on Thursday, April 18th.

Beam Global Price Performance

Shares of BEEM opened at $6.43 on Tuesday. The firm has a market capitalization of $92.85 million, a PE ratio of -4.37 and a beta of 0.82. Beam Global has a 1-year low of $5.00 and a 1-year high of $13.66. The company’s fifty day moving average price is $6.65 and its 200-day moving average price is $6.47.

Beam Global (NASDAQ:BEEM) last posted its quarterly earnings results on Tuesday, April 16th. The company reported ($0.51) EPS for the quarter. Beam Global had a negative net margin of 23.84% and a negative return on equity of 36.71%. The business had revenue of $20.03 million during the quarter. As a group, research analysts anticipate that Beam Global will post -0.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Barclays PLC purchased a new stake in Beam Global during the 3rd quarter valued at about $128,000. Jump Financial LLC purchased a new stake in Beam Global during the 3rd quarter valued at about $130,000. Pathstone Family Office LLC grew its stake in Beam Global by 13.9% during the 3rd quarter. Pathstone Family Office LLC now owns 18,850 shares of the company’s stock valued at $139,000 after acquiring an additional 2,305 shares in the last quarter. Calton & Associates Inc. purchased a new stake in Beam Global during the 3rd quarter valued at about $143,000. Finally, PFG Investments LLC grew its stake in Beam Global by 97.0% during the 1st quarter. PFG Investments LLC now owns 23,051 shares of the company’s stock valued at $157,000 after acquiring an additional 11,348 shares in the last quarter. Institutional investors and hedge funds 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.