The stock of Beam Global (BEEM) has gone up by 19.57% for the week, with a -1.05% drop in the past month and a -5.98% drop in the past quarter. The volatility ratio for the week is 10.71%, and the volatility levels for the past 30 days are 7.07% for BEEM. The simple moving average for the past 20 days is 6.62% for BEEM’s stock, with a -9.98% simple moving average for the past 200 days.
Is It Worth Investing in Beam Global (NASDAQ: BEEM) Right Now?
Moreover, the 36-month beta value for BEEM is 1.61. Analysts have varying opinions 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 12.58M and currently, short sellers hold a 13.37% of that float. On April 24, 2024, BEEM’s average trading volume was 111.61K shares.
BEEM) stock’s latest price update
The stock of Beam Global (NASDAQ: BEEM) has increased by 11.30 when compared to last closing price of 5.93.Despite this, the company has seen a gain of 19.57% in its stock price over the last five trading days. InvestorPlace reported 2024-04-19 that EV charging stocks to buy now haven’t been too attractive lately. But don’t write them off just yet.
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 -2.05% 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 -51.68% of loss for the given period.
Volatility was left at 7.07%, however, over the last 30 days, the volatility rate increased by 10.71%, as shares sank -1.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.69% lower at present.
During the last 5 trading sessions, BEEM rose by +19.57%, which changed the moving average for the period of 200-days by -34.26% in comparison to the 20-day moving average, which settled at $6.18. In addition, Beam Global saw -6.91% 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:
- -0.23 for the present operating margin
- 0.02 for the gross margin
The net margin for Beam Global stands at -0.24. The total capital return value is set at -0.26. Equity return is now at value -44.15, with -27.78 for asset returns.
Based on Beam Global (BEEM), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -16.33. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 47.74.
Currently, EBITDA for the company is -13.94 million with net debt to EBITDA at 0.65. 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 4.19for trailing twelve months and the total asset turnover is 0.86. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.41.
Conclusion
To wrap up, the performance of Beam Global (BEEM) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
