Several brokerages have updated their recommendations and price targets on shares of Beam Global (NASDAQ: BEEM) in the last few weeks:
- 4/23/2024 – Beam Global had its “buy” rating reaffirmed by analysts at Roth Mkm. They now have a $9.00 price target on the stock.
- 4/18/2024 – Beam Global had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
- 4/18/2024 – Beam Global had its price target lowered by analysts at B. Riley from $18.00 to $15.00. They now have a “buy” rating on the stock.
- 4/18/2024 – Beam Global had its “buy” rating reaffirmed by analysts at HC Wainwright. They now have a $30.00 price target on the stock.
Beam Global Trading Up 1.6 %
Shares of NASDAQ:BEEM opened at $6.43 on Friday. Beam Global has a 12-month low of $5.00 and a 12-month high of $13.66. The firm has a market cap of $92.85 million, a PE ratio of -4.37 and a beta of 0.82. The company has a fifty day simple moving average of $6.65 and a 200 day simple moving average of $6.47.
Beam Global (NASDAQ:BEEM – Get Free Report) last issued its quarterly earnings results on Tuesday, April 16th. The company reported ($0.51) earnings per share for the quarter. Beam Global had a negative net margin of 23.84% and a negative return on equity of 36.71%. The firm had revenue of $20.03 million during the quarter. As a group, equities research analysts forecast that Beam Global will post -0.84 EPS for the current fiscal year.
Institutional Investors Weigh In On 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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