In the last trading session, 0.24 million shares of the Beam Global (NASDAQ:BEEM) were traded, and its beta was 1.57. Most recently the company’s share price was $3.03, and it changed around -$0.21 or -6.48% from the last close, which brings the market valuation of the company to $44.76M. BEEM currently trades at a discount to its 52-week high of $8.48, offering almost -179.87% off that amount. The share price’s 52-week low was $2.62, which indicates that the current value has risen by an impressive 13.53% since then. We note from Beam Global’s average daily trading volume that its 10-day average is 0.26 million shares, with the 3-month average coming to 237.12K.
Beam Global stock received a consensus recommendation rating of Overweight, based on a mean score of 1.33. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 1 recommended BEEM as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Beam Global is expected to report earnings per share of -0.28 for the current quarter.
Beam Global (NASDAQ:BEEM) trade information
Instantly BEEM has showed a red trend with a performance of -6.48% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.47 on recent trading dayincreased the stock’s daily price by 12.68%. The company’s shares are currently down -4.42% year-to-date, but still down -9.28% over the last five days. On the other hand, Beam Global (NASDAQ:BEEM) is 7.07% up in the 30-day period. We can see from the shorts that 1.33 million shares have been sold at a short interest cover period of 18.36 day(s).
The consensus price target as assigned by Wall Street analysts is $10, which translates to bulls needing to increase their stock price by 69.7% from its current value. Analyst projections state that BEEM is forecast to be at a low of $10 and a high of $10.
Beam Global (BEEM) estimates and forecasts
Beam Global share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -48.99 percent over the past six months and at a 48.46% annual growth rate that is well above the industry average of 9.00%. The year-over-year growth rate is expected to be -20.30%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 12.81M in revenue for the current quarter. 4 analysts expect Beam Global to make 14.65M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 20.03M and 14.56M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -36.03%. Forecasts for the next quarter put sales growth at 0.61%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 48.72%.
BEEM Dividends
Beam Global’s next quarterly earnings report is expected to be released in February.
Beam Global (NASDAQ:BEEM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 7.29% of Beam Global shares, and 17.70% of them are in the hands of institutional investors. The stock currently has a share float of 19.09%. Beam Global stock is held by 65.0 institutions, with AWM INVESTMENT COMPANY, INC. being the largest institutional investor. By 2024-06-30, it held 6.5888% of the shares, which is about 0.95 million shares worth $4.38 million.
VANGUARD GROUP INC, with 4.2685% or 0.62 million shares worth $2.84 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 424.84 shares worth $1.29 million, making up 2.88% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 178.91 shares worth around $0.54 million, which represents about 1.21% of the total shares outstanding.