During the recent session, Beam Global (NASDAQ:BEEM)’s traded shares were 0.42 million, with the beta value of the company hitting 1.54. At the last check today, the stock’s price was $2.71, reflecting an intraday loss of -3.72% or -$0.11. The 52-week high for the BEEM share is $8.48, that puts it down -212.92 from that peak though still a striking 3.32% gain since the share price plummeted to a 52-week low of $2.62. The company’s market capitalization is $40.11M, and the average intraday trading volume over the past 10 days was 0.24 million shares, and the average trade volume was 245.32K shares over the past three months.
Beam Global (BEEM) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.33. BEEM has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.28.
Beam Global (NASDAQ:BEEM) trade information
Beam Global (BEEM) registered a -3.72% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.72% in intraday trading to $2.71, hitting a weekly high. The stock’s 5-day price performance is -14.62%, and it has moved by -9.20% in 30 days. Based on these gigs, the overall price performance for the year is -57.91%. The short interest in Beam Global (NASDAQ:BEEM) is 1.33 million shares and it means that shorts have 18.36 day(s) to cover.
The consensus price target of analysts on Wall Street is $10, which implies an increase of 72.9% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10 and $10 respectively. As a result, BEEM is trading at a discount of -269.0% off the target high and -269.0% off the low.
Beam Global (BEEM) estimates and forecasts
Statistics show that Beam Global has outperformed its competitors in share price, compared to the industry in which it operates. Beam Global (BEEM) shares have gone down -55.64% during the last six months, with a year-to-date growth rate more than the industry average at 48.46% against 8.90. In the rating firms’ projections, revenue will decrease -20.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 12.81M as predicted by 5 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 14.65M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 20.03M and 14.56M respectively. In this case, analysts expect current quarter sales to shrink by -36.03% and then jump by 0.61% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 48.72%. While earnings are projected to return 42.82% in 2025.
BEEM Dividends
Beam Global is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Beam Global (NASDAQ:BEEM)’s Major holders
Beam Global insiders own 7.29% of total outstanding shares while institutional holders control 17.70%, with the float percentage being 19.09%. AWM INVESTMENT COMPANY, INC. is the largest shareholder of the company, while 65.0 institutions own stock in it. As of 2024-06-30, the company held over 0.95 million shares (or 6.5888% of all shares), a total value of $4.38 million in shares.
The next largest institutional holding, with 0.62 million shares, is of VANGUARD GROUP INC’s that is approximately 4.2685% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $2.84 million.
Also, the Mutual Funds coming in first place with the largest holdings of Beam Global (BEEM) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 424.84 shares. This amounts to just over 2.88 percent of the company’s overall shares, with a $1.16 million market value. The same data shows that the other fund manager holds slightly less at 178.91, or about 1.21% of the stock, which is worth about $0.49 million.
