BEEM has 36-month beta value of 1.59. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BEEM is 12.40M, and currently, short sellers hold a 13.36% ratio of that float. The average trading volume of BEEM on April 09, 2024 was 106.64K shares.
BEEM) stock’s latest price update
The stock price of Beam Global (NASDAQ: BEEM) has dropped by -7.06 compared to previous close of 6.37. Despite this, the company has seen a fall of -10.30% in its stock price over the last five trading days. InvestorPlace reported 2024-03-27 that Crisis may soon become an opportunity for EV charging stocks. Over the last few days, Shell (NYSE: SHEL ) announced it would divest about 1,000 gas stations and funnel its resources into expanding electric vehicle (EV) charging stations.
BEEM’s Market Performance
Beam Global (BEEM) has seen a -10.30% fall in stock performance for the week, with a -14.70% decline in the past month and a -2.47% plunge in the past quarter. The volatility ratio for the week is 6.07%, and the volatility levels for the past 30 days are at 4.41% for BEEM. The simple moving average for the past 20 days is -13.21% for BEEM’s stock, with a -21.88% simple moving average for the past 200 days.
Analysts’ Opinion of BEEM
Northland Capital, on the other hand, stated in their research note that they expect to see BEEM reach a price target of $25. The rating they have provided for BEEM stocks is “Outperform” according to the report published on February 13th, 2023.
H.C. Wainwright gave a rating of “Buy” to BEEM, setting the target price at $30 in the report published on November 14th of the previous year.
BEEM Trading at -15.23% from the 50-Day Moving Average
After a stumble in the market that brought BEEM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -56.66% of loss for the given period.
Volatility was left at 4.41%, however, over the last 30 days, the volatility rate increased by 6.07%, as shares sank -16.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.36% lower at present.
During the last 5 trading sessions, BEEM fell by -10.30%, which changed the moving average for the period of 200-days by -42.97% in comparison to the 20-day moving average, which settled at $6.76. In addition, Beam Global saw -16.50% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BEEM starting from WHEATLEY DESMOND C, who sale 620 shares at the price of $7.35 back on Oct 02 ’23. After this action, WHEATLEY DESMOND C now owns 100,929 shares of Beam Global, valued at $4,557 using the latest closing price.
WHEATLEY DESMOND C, the Chief Executive Officer of Beam Global, sale 1,400 shares at $11.81 during a trade that took place back on Jun 01 ’23, which means that WHEATLEY DESMOND C is holding 101,549 shares at $16,534 based on the most recent closing price.
Stock Fundamentals for BEEM
Current profitability levels for the company are sitting at:
- -0.34 for the present operating margin
- 0.0 for the gross margin
The net margin for Beam Global stands at -0.34. The total capital return value is set at -0.37. Equity return is now at value -47.14, with -35.61 for asset returns.
Based on Beam Global (BEEM), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at -11.36. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 28.32.
Currently, EBITDA for the company is -19.72 million with net debt to EBITDA at 0.74. When we switch over and look at the enterprise to sales, we see a ratio of 1.28. The receivables turnover for the company is 3.71for trailing twelve months and the total asset turnover is 0.88. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.00.
Conclusion
To put it simply, Beam Global (BEEM) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
