Beam Global (NASDAQ:BEEM – Get Free Report) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 1,490,000 shares, a growth of 13.7% from the August 31st total of 1,310,000 shares. Based on an average daily trading volume, of 182,400 shares, the short-interest ratio is presently 8.2 days.
Analyst Upgrades and Downgrades
BEEM has been the topic of several recent research reports. Needham & Company LLC restated a “hold” rating on shares of Beam Global in a report on Wednesday, August 14th. B. Riley reduced their target price on Beam Global from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Finally, HC Wainwright reiterated a “buy” rating and issued a $30.00 target price on shares of Beam Global in a research note on Wednesday, August 14th.
Check Out Our Latest Research Report on BEEM
Hedge Funds Weigh In On Beam Global
Beam Global Price Performance
BEEM opened at $4.99 on Friday. Beam Global has a 12-month low of $4.30 and a 12-month high of $8.48. The company has a current ratio of 1.79, a quick ratio of 1.16 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $5.28 and its 200-day simple moving average is $5.82. The company has a market capitalization of $72.54 million, a price-to-earnings ratio of -3.84 and a beta of 0.87.
Beam Global (NASDAQ:BEEM – Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.06. Beam Global had a negative return on equity of 29.07% and a negative net margin of 25.27%. The business had revenue of $14.81 million for the quarter, compared to the consensus estimate of $16.30 million. On average, equities research analysts anticipate that Beam Global will post -0.86 earnings per share for the current fiscal year.
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.
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