Analysts Set Beam Global (NASDAQ:BEEM) PT at $4.00

Beam Global (NASDAQ:BEEM) has been assigned a consensus recommendation of “Hold” from the five research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $4.00.

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

Beam Global Trading Up 7.3%

NASDAQ BEEM opened at $1.47 on Friday. Beam Global has a 12-month low of $1.33 and a 12-month high of $4.04. The company has a fifty day simple moving average of $1.54 and a two-hundred day simple moving average of $2.00. The company has a current ratio of 1.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01. The stock has a market cap of $27.97 million, a P/E ratio of -0.77 and a beta of 1.33.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BEEM. State Street Corp boosted its position in Beam Global by 17.6% in the fourth quarter. State Street Corp now owns 58,228 shares of the company’s stock valued at $87,000 after buying an additional 8,700 shares during the last quarter. Green Alpha Advisors LLC lifted its stake in Beam Global by 143.3% during the 4th quarter. Green Alpha Advisors LLC now owns 47,374 shares of the company’s stock valued at $71,000 after acquiring an additional 27,903 shares during the period. Two Sigma Investments LP purchased a new stake in shares of Beam Global in the 3rd quarter valued at $102,000. Quadrature Capital Ltd acquired a new stake in shares of Beam Global in the fourth quarter worth $61,000. Finally, Virtue Capital Management LLC increased its stake in shares of Beam Global by 1,339.7% in the fourth quarter. Virtue Capital Management LLC now owns 50,000 shares of the company’s stock worth $81,000 after acquiring an additional 46,527 shares during the period. 26.59% of the stock is currently owned by hedge funds and other 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.