Beam Global [NASDAQ: BEEM] price surged by 12.34 percent to reach at $146728.46.
A sum of 20825046 shares traded at recent session while its average daily volume was at 146.73K shares. Beam Global shares reached a high of $1.81 and dropped to a low of $1.69 until finishing in the latest session at $146730.0.
The one-year BEEM stock forecast points to a potential downside of -4252943.48. The average equity rating for BEEM stock is currently 1.40, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Beam Global [BEEM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BEEM shares is $3.45 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BEEM stock is a recommendation set at 1.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Needham have made an estimate for Beam Global shares, keeping their opinion on the stock as Hold, with their previous recommendation back on March 30, 2023. While these analysts kept the previous recommendation, Northland Capital raised their target price to Outperform. The new note on the price target was released on February 13, 2023, representing the official price target for Beam Global stock. Previously, the target price had yet another raise to $30, while H.C. Wainwright analysts kept a Buy rating on BEEM stock.
The Price to Book ratio for the last quarter was 0.98, with the Price to Cash per share for the same quarter was set at 0.16.
BEEM Stock Performance Analysis:
Beam Global [BEEM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 19.31. With this latest performance, BEEM shares dropped by -5.46% in over the last four-week period, additionally sinking by -39.93% over the last 6 months – not to mention a drop of -45.43% in the past year of trading.
Insight into Beam Global Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Beam Global [BEEM] shares currently have an operating margin of -47.56% and a Gross Margin at 14.89%. Beam Global’s Net Margin is presently recorded at -57.83%.
Return on Equity for this stock declined to -38.83%, with Return on Assets sitting at -38.83%.
BEEM Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BEEM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Beam Global go to 45.45%.
Beam Global [BEEM] Institutonal Ownership Details
There are presently around $13.37%, or 14.89% of BEEM stock, in the hands of institutional investors. The top three institutional holders of BEEM stocks are: AWM INVESTMENT COMPANY, INC. with ownership of 0.95 million shares, which is approximately 6.5385%. VANGUARD GROUP INC, holding 0.62 million shares of the stock with an approximate value of $$2.84 million in BEEM stocks shares; and VANGUARD GROUP INC, currently with $$0.86 million in BEEM stock with ownership which is approximately 1.277%.
