In last trading session, Beam Global (NASDAQ:BEEM) saw 1.04 million shares changing hands with its beta currently measuring 1.52. Company’s recent per share price level of $3.16 trading at $0.29 or 10.10% at ring of the bell on the day assigns it a market valuation of $46.68M. That closing price of BEEM’s stock is at a discount of -168.35% from its 52-week high price of $8.48 and is indicating a premium of 17.09% from its 52-week low price of $2.62. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.28 million shares which gives us an average trading volume of 143.41K if we extend that period to 3-months.

For Beam Global (BEEM), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.33. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.28 in the current quarter.

Beam Global (NASDAQ:BEEM) trade information

Upright in the green during last session for gaining 10.10%, in the last five days BEEM remained trading in the green while hitting it’s week-highest on Wednesday, 12/18/24 when the stock touched $3.16 price level, adding 10.73% to its value on the day. Beam Global’s shares saw a change of -55.43% in year-to-date performance and have moved 7.85% in past 5-day. Beam Global (NASDAQ:BEEM) showed a performance of -27.36% in past 30-days. Number of shares sold short was 1.33 million shares which calculate 18.36 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 10 to the stock, which implies a rise of 68.4% to its current value. Analysts have been projecting 10 as a low price target for the stock while placing it at a high target of 10. It follows that stock’s current price would drop -216.46% in reaching the projected high whereas dropping to the targeted low would mean a loss of -216.46% for stock’s current value.

Beam Global (BEEM) estimates and forecasts

Statistics highlight that Beam Global is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -37.55% of value to its shares in past 6 months, showing an annual growth rate of 43.85% while that of industry is 7.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -20.30% 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 12.81M for the same. And 4 analysts are in estimates of company making revenue of 14.65M in the next quarter. Company posted 20.03M and 14.56M of sales in current and next quarters respectively a year earlier.

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 48.72% during past 5 years.

Beam Global (NASDAQ:BEEM)’s Major holders

Insiders are in possession of 7.29% of company’s total shares while institution are holding 17.70 percent of that, with stock having share float percentage of 19.09%. Investors also watch the number of corporate investors in a company very closely, which is 17.70% institutions for Beam Global that are currently holding shares of the company. AWM INVESTMENT COMPANY, INC. is the top institutional holder at BEEM for having 0.95 million shares of worth $4.38 million. And as of 2024-06-30, it was holding 6.5888 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 0.62 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.2685 of outstanding shares, having a total worth of $2.84 million.