Beam Global (NASDAQ: BEEM) is -4.42% lower on its value in year-to-date trading and has touched a low of $2.62 and a high of $8.48 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BEEM stock was last observed hovering at around $3.24 in the last trading session, with the day’s loss setting it -0.21%.
Currently trading at $3.03, the stock is -6.25% and -15.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.24 million and changing -6.48% at the moment leaves the stock -40.11% off its SMA200. BEEM registered -46.75% loss for a year compared to 6-month loss of -48.99%. The firm has a 50-day simple moving average (SMA 50) of $3.5682 and a 200-day simple moving average (SMA200) of $5.059525.
The stock witnessed a 7.07% gain in the last 1 month and extending the period to 3 months gives it a -36.34%, and is -9.28% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.93% over the week and 11.54% over the month.
Beam Global (BEEM) has around 323 employees, a market worth around $44.76M and $60.88M in sales. Profit margin for the company is -19.26%. Distance from 52-week low is 15.65% and -64.26% from its 52-week high. The company has generated returns on investments over the last 12 months (-24.60%).
The EPS is expected to grow by 42.82% this year.
Beam Global (BEEM) Top Institutional Holders
65.0 institutions hold shares in Beam Global (BEEM), with institutional investors hold 19.09% of the company’s shares. The shares outstanding are 14.77M, and float is at 13.75M with Short Float at 8.80%. Institutions hold 17.70% of the Float.
The top institutional shareholder in the company is AWM INVESTMENT COMPANY, INC. with over 0.95 million shares valued at $4.38 million. The investor’s holdings represent 6.5888% of the BEEM Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 0.62 million shares valued at $2.84 million to account for 4.2685 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 0.19 million shares representing 1.2868% and valued at over $0.86 million, while GEODE CAPITAL MANAGEMENT, LLC holds 0.9757 of the shares totaling 0.14 million with a market value of $0.65 million.
Beam Global (BEEM) Insider Activity
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Still, SEC filings show that on Jun 03 ’24, WHEATLEY DESMOND C (Chief Executive Officer) disposed off 437 shares at an average price of $5.88 for $2570.0. The insider now directly holds 100,492 shares of Beam Global (BEEM).
