In the last trading session, 0.19 million Beam Global (NASDAQ:BEEM) shares changed hands as the company’s beta touched 1.54. With the company’s per share price at $2.83 changed hands at -$0.04 or -1.39% during last session, the market valuation stood at $42.25M. BEEM’s last price was a discount, traded about -199.65% off its 52-week high of $8.48. The share price had its 52-week low at $2.62, which suggests the last value was 7.42% up since then. When we look at Beam Global’s average trading volume, we note the 10-day average is 0.35 million shares, with the 3-month average coming to 170.25K.

Analysts gave the Beam Global (BEEM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.33. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended BEEM as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Beam Global’s EPS for the current quarter is expected to be -0.28.

Beam Global (NASDAQ:BEEM) trade information

Instantly BEEM was in red as seen at the end of in last trading. With action -0.36%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -59.66%, with the 5-day performance at -0.36% in the red. However, in the 30-day time frame, Beam Global (NASDAQ:BEEM) is -31.25% down. Looking at the short shares, we see there were 1.33 million shares sold at short interest cover period of 18.36 days.

The consensus price target for the stock as assigned by Wall Street analysts is 10, meaning bulls need an upside of 71.7% from its current market value. According to analyst projections, BEEM’s forecast low is 10 with 10 as the target high. To hit the forecast high, the stock’s price needs a -253.36% plunge from its current level, while the stock would need to soar -253.36% for it to hit the projected low.

Beam Global (BEEM) estimates and forecasts

Data shows that the Beam Global share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -36.45% over the past 6 months, a 43.85% in annual growth rate that is considerably higher than the industry average of 9.30%. Year-over-year growth is forecast to reach -20.30% down from the last financial year.

Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 12.81M. 4 analysts are of the opinion that Beam Global’s revenue for the current quarter will be 14.65M. The company’s revenue for the corresponding quarters a year ago was 20.03M and 14.56M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -36.03%. The estimates for the next quarter sales put growth at 0.61%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 48.72%. The 2024 estimates are for Beam Global earnings to increase by 42.82%.

BEEM Dividends

Beam Global is expected to release its next quarterly earnings report in January.

Beam Global (NASDAQ:BEEM)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 7.29% of Beam Global shares while 17.70% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 19.09%. There are 17.70% institutions holding the Beam Global stock share, with AWM INVESTMENT COMPANY, INC. the top institutional holder. As of 2024-06-30, the company held 6.5888% of the shares, roughly 0.95 million BEEM shares worth $4.38 million.

VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 4.2685% or 0.62 million shares worth $2.84 million as of 2024-06-30.