Beam Global (NASDAQ: BEEM) is -54.26% lower on its value in year-to-date trading and has touched a low of $1.35 and a high of $7.68 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 $1.35 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $1.45, the stock is -21.94% and -32.45% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.14 million and changing 7.41% at the moment leaves the stock -63.08% off its SMA200. BEEM registered -73.73% loss for a year compared to 6-month loss of -67.92%. The firm has a 50-day simple moving average (SMA 50) of $2.1467 and a 200-day simple moving average (SMA200) of $3.927825.
The stock witnessed a -35.27% gain in the last 1 month and extending the period to 3 months gives it a -55.25%, and is -14.20% 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 13.43% over the week and 10.11% over the month.
Beam Global (BEEM) has around 276 employees, a market worth around $22.47M and $49.34M in sales. Profit margin for the company is -22.87%. Distance from 52-week low is 7.41% and -81.12% from its 52-week high. The company has generated returns on investments over the last 12 months (-26.57%).
with sales reaching $8M over the same period.The EPS is expected to shrink by -8.44% this year, but quarterly earnings will post -24.70% year-over-year. Quarterly sales are estimated to shrink -45.06% in year-over-year returns.
56.0 institutions hold shares in Beam Global (BEEM), with institutional investors hold 16.42% of the company’s shares. The shares outstanding are 14.84M, and float is at 14.24M with Short Float at 7.63%. Institutions hold 15.06% 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 6.5385 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 1.277 and valued at over $0.86 million, while GEODE CAPITAL MANAGEMENT, LLC holds 0.9682 of the shares totaling 0.14 million with a market value of $0.65 million.
Beam Global (BEEM) Insider Activity
Still, SEC filings show that on Oct 01 ’24, DESMOND WHEATLEY (Director) Proposed Sale 310 shares at an average price of $4.91 for $1522.0. The insider now directly holds shares of Beam Global (BEEM).
