Beam Global (NASDAQ:BEEM) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Beam Global (NASDAQ:BEEM) from a sell rating to a hold rating in a report issued on Saturday,Wall Street Zen reports.

Several other equities research analysts have also recently commented on the company. Freedom Capital raised Beam Global from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Weiss Ratings lowered shares of Beam Global from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, September 10th. Freedom Broker cut shares of Beam Global from a “buy” rating to a “hold” rating and set a $1.50 target price for the company. in a research note on Tuesday, August 25th. Finally, Zacks Research upgraded shares of Beam Global from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Beam Global has an average rating of “Hold” and a consensus target price of $1.50.

Beam Global Trading Down 2.2%

Shares of NASDAQ:BEEM opened at $1.32 on Friday. Beam Global has a 1 year low of $0.97 and a 1 year high of $4.04. The business has a fifty day simple moving average of $1.24 and a 200 day simple moving average of $1.40. The firm has a market cap of $29.87 million, a price-to-earnings ratio of -1.61 and a beta of 1.48.

Beam Global (NASDAQ:BEEM) last issued its earnings results on Wednesday, August 19th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. Beam Global had a negative return on equity of 73.59% and a negative net margin of 64.60%.The firm had revenue of $8.56 million for the quarter, compared to the consensus estimate of $8.19 million. On average, sell-side analysts forecast that Beam Global will post -0.77 EPS for the current year.

Institutional Trading of Beam Global

Several large investors have recently made changes to their positions in the stock. R Squared Ltd bought a new position in shares of Beam Global in the 1st quarter valued at approximately $26,000. Green Alpha Advisors LLC bought a new stake in Beam Global during the second quarter worth approximately $53,000. Readystate Asset Management LP bought a new stake in Beam Global during the second quarter worth approximately $562,000. Lineage Point Capital LP acquired a new position in Beam Global during the second quarter valued at approximately $1,000,000. Finally, T3 Companies LLC acquired a new position in Beam Global during the fourth quarter valued at approximately $165,000. Institutional investors own 26.59% of the company’s stock.

Beam Global Company Profile

Beam Global (NASDAQ: BEEM) is a clean-technology company that develops and manufactures renewable energy infrastructure for electric mobility and other applications. Its products are designed to provide power without relying exclusively on traditional grid connections, supporting organizations seeking flexible and resilient charging and energy solutions.

The company’s primary product is the EV ARC, a transportable, solar-powered electric vehicle charging system that integrates solar generation, battery storage and charging equipment.