Beam Global (NASDAQ:BEEM) has a beta value of 1.52 and has seen 0.46 million shares traded in the recent trading session. The company, currently valued at $48.60M, closed the recent trade at $3.29 per share which meant it gained $0.42 on the day or 14.63% during that session. The BEEM stock price is -157.75% off its 52-week high price of $8.48 and 20.36% above the 52-week low of $2.62. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.28 million shares traded. The 3-month trading volume is 143.41K shares.
The consensus among analysts is that Beam Global (BEEM) is Buy stock at the moment, with a recommendation rating of 1.33. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 2 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.28.
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Beam Global (NASDAQ:BEEM) trade information
Sporting 14.63% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the BEEM stock price touched $3.29 or saw a fall of -0.61%. Year-to-date, Beam Global shares have moved -53.60%, while the 5-day performance has seen it change 12.29%. Over the past 30 days, the shares of Beam Global (NASDAQ:BEEM) have changed -24.37%. Short interest in the company has seen 1.33 million shares shorted with days to cover at 18.36.
Wall Street analysts have a consensus price target for the stock at $10, which means that the shares’ value could jump 67.1% from the levels at last check today. The projected low price target is $10.0 while the price target rests at a high of $10.0. In that case, then, we find that the latest price level in today’s session is -203.95% off the targeted high while a plunge would see the stock gain -203.95% from the levels at last check today.
Beam Global (BEEM) estimates and forecasts
Figures show that Beam Global shares have outperformed across the wider relevant industry. The company’s shares have lost -34.98% over the past 6 months, with this year growth rate of 43.85%, compared to 7.80% for the industry. Revenue growth from the last financial year stood is estimated to be -20.30%.
5 analysts offering their estimates for the company have set an average revenue estimate of 12.81M for the current quarter. 4 have an estimated revenue figure of 14.65M for the next ending quarter. Year-ago sales stood 20.03M and 14.56M respectively for this quarter and the next, and analysts expect sales will shrink by -36.03% for the current quarter and -20.30% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 48.72% over the past 5 years.
BEEM Dividends
Beam Global is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Beam Global (NASDAQ:BEEM)’s Major holders
Insiders own 7.29% of the company shares, while shares held by institutions stand at 17.70% with a share float percentage of 19.09%. Investors are also buoyed by the number of investors in a company, with Beam Global having a total of 65.0 institutions that hold shares in the company. The top two institutional holders are AWM INVESTMENT COMPANY, INC. with over 0.95 million shares worth more than $4.38 million. As of 2024-06-30, AWM INVESTMENT COMPANY, INC. held 6.5888% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 0.62 million shares as of 2024-06-30. The firm’s total holdings are worth over $2.84 million and represent 4.2685% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Sep 30, 2024, the former fund manager holds about 2.88% shares in the company for having 424.84 shares of worth $1.38 million while later fund manager owns 178.91 shares of worth $0.58 million as of Sep 30, 2024, which makes it owner of about 1.21% of company’s outstanding stock.