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

Shares of Beam Global (NASDAQ:BEEM) have been assigned an average rating of “Hold” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $4.00.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Beam Global in a report on Wednesday, January 21st.

Beam Global Trading Up 3.5%

BEEM opened at $1.46 on Friday. Beam Global has a 12-month low of $1.33 and a 12-month high of $4.04. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.98 and a quick ratio of 0.97. The stock has a market capitalization of $27.78 million, a PE ratio of -0.76 and a beta of 1.34. The firm’s fifty day moving average price is $1.67 and its 200 day moving average price is $2.22.

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

Hedge Funds Weigh In On Beam Global

Several large investors have recently added to or reduced their stakes in the company. Green Alpha Advisors LLC grew its position in shares of Beam Global by 143.3% during the fourth quarter. Green Alpha Advisors LLC now owns 47,374 shares of the company’s stock worth $71,000 after acquiring an additional 27,903 shares during the last quarter. T3 Companies LLC acquired a new position in Beam Global during the 4th quarter valued at about $165,000. State Street Corp grew its position in Beam Global by 17.6% in the 4th quarter. State Street Corp now owns 58,228 shares of the company’s stock worth $87,000 after purchasing an additional 8,700 shares during the last quarter. Renaissance Technologies LLC grew its position in Beam Global by 268.0% in the 4th quarter. Renaissance Technologies LLC now owns 124,000 shares of the company’s stock worth $186,000 after purchasing an additional 90,300 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new stake in shares of Beam Global in the third quarter valued at approximately $102,000. 26.59% of the stock is currently owned by institutional investors.

Beam Global Company Profile

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.