In last trading session, Beam Global (NASDAQ:BEEM) saw 0.16 million shares changing hands with its beta currently measuring 1.20. Company’s recent per share price level of $17.34 trading at -$0.52 or -2.91% at ring of the bell on the day assigns it a market valuation of $181.55M. That closing price of BEEM’s stock is at a discount of -69.9% from its 52-week high price of $29.46 and is indicating a premium of 48.67% from its 52-week low price of $8.90. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.25 million shares which gives us an average trading volume of 115.99K if we extend that period to 3-months.
Beam Global (NASDAQ:BEEM) trade information
Upright in the red during last session for losing -2.91%, in the last five days BEEM remained trading in the green while hitting it’s week-highest on Thursday, 11/17/22 when the stock touched $17.34 price level, adding 6.27% to its value on the day. Beam Global’s shares saw a change of -6.77% in year-to-date performance and have moved 5.15% in past 5-day. Beam Global (NASDAQ:BEEM) showed a performance of 44.38% in past 30-days. Number of shares sold short was 1.6 million shares which calculate 17.75 days to cover the short interests.
Beam Global (BEEM) estimates and forecasts
Statistics highlight that Beam Global is scoring comparatively lower than the scores of other players of the relevant industry. The company added 25.11% of value to its shares in past 6 months, showing an annual growth rate of -118.92% while that of industry is 1.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -26.30% in the current quarter and calculating -9.10% decrease in the next quarter. This year revenue growth is estimated to rise 80.50% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $4.08 million for the same. And 5 analysts are in estimates of company making revenue of $4.61 million in the next quarter that will end on Dec 2022. Company posted $2.02 million and $3.49 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 101.90% while estimating it to be 32.20% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 8.70% during past 5 years.
Beam Global is more likely to be releasing its next quarterly report between November 09 and November 14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Beam Global (NASDAQ:BEEM)’s Major holders
Insiders are in possession of 18.77% of company’s total shares while institution are holding 24.52 percent of that, with stock having share float percentage of 30.19%. Investors also watch the number of corporate investors in a company very closely, which is 24.52% institutions for Beam Global that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at BEEM for having 0.41 million shares of worth $6.41 million. And as of Jun 29, 2022, it was holding 4.09% of the company’s outstanding shares.
The second largest institutional holder is Invesco Ltd., which was holding about 0.32 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 3.20% of outstanding shares, having a total worth of $5.01 million.
On the other hand, Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2022, the former fund manager was holding 0.41 million shares of worth $5.03 million or 4.08% of the total outstanding shares. The later fund manager was in possession of 0.27 million shares on Jun 29, 2022, making its stake of worth around $4.17 million in the company or a holder of 2.66% of company’s stock.