Wall Street Zen Upgrades Beam Global (NASDAQ:BEEM) to “Hold”

by · The Cerbat Gem

Beam Global (NASDAQ:BEEM – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

BEEM has been the topic of several other research reports. Zacks Research upgraded Beam Global from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. Freedom Capital raised Beam Global from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Freedom Broker downgraded Beam Global from a “buy” rating to a “hold” rating and set a $1.50 target price for the company. in a research report on Tuesday, August 25th. Finally, Weiss Ratings lowered shares of Beam Global from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $1.50.

Check Out Our Latest Stock Report on BEEM

Beam Global Stock Performance

Beam Global stock opened at $1.32 on Friday. Beam Global has a fifty-two week low of $0.97 and a fifty-two week high of $4.04. The firm has a 50 day moving average price of $1.24 and a 200 day moving average price of $1.40. The company has a market capitalization of $29.87 million, a PE ratio of -1.61 and a beta of 1.48.

Beam Global (NASDAQ:BEEM – Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The company reported ($0.14) EPS for the quarter, topping 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 company had revenue of $8.56 million for the quarter, compared to analysts’ expectations of $8.19 million. As a group, equities research analysts forecast that Beam Global will post -0.77 earnings per share for the current year.

Institutional Trading of Beam Global

Hedge funds have recently modified their holdings of the stock. Readystate Asset Management LP acquired a new position in Beam Global during the 2nd quarter worth $562,000. Harraden Circle Investments LLC purchased a new position in shares of Beam Global in the 2nd quarter valued at about $43,400,000. Lineage Point Capital LP purchased a new position in shares of Beam Global in the 2nd quarter valued at about $1,000,000. Green Alpha Advisors LLC acquired a new position in shares of Beam Global during the second quarter worth about $53,000. Finally, BlackRock Inc. acquired a new position in shares of Beam Global during the second quarter worth about $288,000. 26.59% of the stock is currently owned by institutional investors and hedge funds.

About Beam Global

(Get Free Report)

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.

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