Beam Global (NASDAQ: BEEM) is -54.26% lower on its value in year-to-date trading and has touched a low of $1.33 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 $1.44 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $1.45, the stock is -7.82% and -7.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing 0.69% at the moment leaves the stock -52.47% off its SMA200. BEEM registered -75.21% loss for a year compared to 6-month loss of -46.30%.
The stock witnessed a -9.38% gain in the last 1 month and extending the period to 3 months gives it a -35.27%, and is -4.61% 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 5.10% over the week and 3.95% over the month.
Beam Global (BEEM) has around 276 employees, a market worth around $22.36M and $41.10M in sales. Profit margin for the company is -57.83%. Distance from 52-week low is 9.02% and -81.12% from its 52-week high. The company has generated returns on investments over the last 12 months (-85.62%).
The EPS is expected to shrink by -87.27% this year
The shares outstanding are 15.04M, and float is at 13.82M with Short Float at 6.29%.
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 4.2359 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).
