Published on August 16, 2023, Beam Global (NASDAQ:BEEM) experienced a notable decrease in short interest during the month of July. As of July 31st, total short interest amounted to 1,310,000 shares, which reflected a decline of 7.7% from the previous count of 1,420,000 shares on July 15th. The short-interest ratio currently stands at approximately 6.1 days when considering an average trading volume of 213,600 shares.
On Wednesday morning, NASDAQ:BEEM stock opened at $9.05. The market capitalization for Beam Global is estimated to be around $126.16 million with a P/E ratio of -4.31 and a beta score of 0.58. Over the past year, the company’s stock price has fluctuated between a low of $8.51 and a high of $21.58. Currently, the business holds a fifty-day simple moving average value of $10.64 and its two-hundred-day simple moving average stands at $12.53.
Beam Global positions itself as a cleantech company specializing in designing and manufacturing infrastructure products for renewable energy purposes related to electric vehicles (EVs), such as EV charging infrastructure, energy storage solutions, energy security systems, disaster preparedness equipment, and outdoor media advertising options. Among its product portfolio are EV ARC (electric vehicle autonomous renewable charger), Solar Tree DCFC (off-grid smart generation system), and EV ARC DCFC (fast charging system for EVs).
Recent updates regarding institutional investors and hedge funds reveal their activity in relation to Beam Global’s stock holdings:
– BlackRock Inc., for instance, increased its stake in the company by 3.4% during the first quarter. The firm now owns approximately 561,382 shares worth roughly $11,480,000.
– Vanguard Group Inc., also a prominent investor, raised its position in Beam Global by 6.7% during the third quarter, amassing 440,486 shares valued at around $5,374,000.
– AWM Investment Company Inc. recently acquired a new stake in Beam Global during the second quarter at an estimated value of $4,399,000.
– State Street Corp increased its holding in Beam Global by 5.0% during the first quarter and now owns 317,710 shares valued at approximately $6,497,000.
– Millennium Management LLC entered the scene with a new investment in Beam Global during the second quarter worth approximately $2,061,000.
Concatenating these institutional investors and hedge funds’ actions accumulates to about 30.05% ownership of Beam Global’s stock.
It is crucial to note that this article provides information as of August 16, 2023. This data is subject to change or evolve over time as market conditions fluctuate and investor dynamics transform. Investors and stakeholders are encouraged to stay abreast of current developments through reliable sources before making any investment decisions or judgments regarding Beam Global (NASDAQ:BEEM).
Updated on: 05/12/2023
Debt to equity ratio: Neutral
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
6:00 PM (UTC)
Date:05 December, 2023
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Beam Global’s Positive Quarterly Earnings Exceed Expectations, but Challenges in Return on Equity and Net Margin Remain
Beam Global, a cleantech company, recently released its quarterly earnings data on May 15th, which exceeded expectations. The company reported earnings per share (EPS) of ($0.38) for the quarter, surpassing the consensus estimate of ($0.42) by $0.04. Additionally, Beam Global generated $13.02 million in revenue during the same period, outperforming the consensus estimate of $7.92 million.
Despite these positive financial results, Beam Global continues to face challenges in terms of return on equity and net margin. With a negative return on equity of 76.82% and a negative net margin of 67.96%, it is evident that the company needs to improve its operations and achieve profitability.
Beam Global specializes in designing, developing, engineering, manufacturing, and selling renewably energized infrastructure products primarily for electric vehicle (EV) charging infrastructure, energy storage, energy security, disaster preparedness, and outdoor media advertising. Their product portfolio includes innovative offerings such as EV ARC (electric vehicle autonomous renewable charger), an infrastructure product utilizing integrated solar power and battery storage to provide power for electric vehicle charging stations.
The company also offers Solar Tree DCFC, an off-grid smart generation and energy storage system capable of providing a 50kW DC fast charge to one or multiple electric vehicles or larger vehicles. Another notable product from Beam Global is EV ARC DCFC, a DC fast charging system designed specifically for EVs.
Industry experts have expressed positive sentiments towards Beam Global’s future prospects. B. Riley reiterated their “buy” rating on the company’s shares with a price target of $25.00 back in July 2023.
While one research analyst has assigned a hold rating to the stock, four others have given it a buy rating overall. Bloomberg.com data reveals that Beam Global currently holds a consensus rating of “Moderate Buy” with a consensus price target set at $27.00.
Investors and analysts eagerly await Beam Global’s next move as they continue to revolutionize the cleaner energy sector. With their innovative product offerings and growing rating support, it will be interesting to see how the company leverages its strengths to achieve sustainable growth and profitability.
For a more in-depth analysis on Beam Global and its future prospects, readers can refer to our latest report on the company, which provides valuable insights into this burgeoning cleantech company’s performance and market outlook.