Beam Global [NASDAQ: BEEM] surged by $0.51 during the normal trading session on Thursday and reaching a high of $3.22 during the day while it closed the day at $3.04.
Beam Global stock has also gained 27.20% of its value over the past 7 days. However, BEEM stock has inclined by 109.66% in the 3 months of the year. Over the past six months meanwhile, it has gained 35.71% and lost -43.28% year-on date.
The market cap for BEEM stock reached $53.61 million, with 16.86 million shares outstanding and 15.77 million shares in the current float. Compared to the average trading volume of 705.04K shares, BEEM reached a trading volume of 29051456 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $3.50 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 1.91, with the Price to Cash per share for the same quarter was set at 0.19.
BEEM stock trade performance evaluation
Beam Global [BEEM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 27.20. With this latest performance, BEEM shares gained by 22.58% in over the last four-week period, additionally plugging by 35.71% over the last 6 months – not to mention a drop of -4.10% in the past year of trading.
Beam Global [BEEM]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Beam Global [BEEM] shares currently have an operating margin of -57.62% and a Gross Margin at 13.48%. Beam Global’s Net Margin is presently recorded at -69.33%.
Beam Global (BEEM) Capital Structure & Debt Analysis
According to recent financial data for Beam Global. ( BEEM), the Return on Equity (ROE) stands at -65.81%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -38.99%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Beam Global’s Return on Invested Capital (ROIC) is -82.92%, showcasing its effectiveness in deploying capital for earnings.
Beam Global (BEEM) Efficiency & Liquidity Metrics
Based on Beam Global’s (BEEM) latest financial statements, the Debt-to-Equity Ratio is 0.07%, indicating its reliance on debt financing relative to shareholder equity.
Beam Global (BEEM) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Beam Global. (BEEM) effectively leverages its workforce, generating an average of -$83804.35 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.77% and a Quick Ratio of 0.76%, indicating strong ability to cover short-term liabilities.
Earnings per share (EPS) analysis for Beam Global [BEEM] stock
With the latest financial reports released by the company, Beam Global posted 0.09/share EPS, while the average EPS was predicted by analysts to be reported at -0.14/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.23. 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 -8.00%.
Beam Global [BEEM]: Institutional Ownership
There are presently around $11.68%, or 12.80%% 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%.
