BEEM has 36-month beta value of 1.63. 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 13.40M, and currently, short sellers hold a 11.51% ratio of that float. The average trading volume of BEEM on July 09, 2024 was 120.03K shares.
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BEEM) stock’s latest price update
Beam Global (NASDAQ: BEEM) has experienced a rise in its stock price by 18.00 compared to its previous closing price of 5.50. However, the company has seen a gain of 40.78% in its stock price over the last five trading days. globenewswire.com reported 2024-07-02 that Purchase orders up 128% year-over-year with over half of U.S. orders from new customers Beam Global ships first EV ARC™ systems for UK Ministry of Defence (MOD) from European facility Beam Global CEO Desmond Wheatley and the Company’s executive team to ring the opening bell at Nasdaq today SAN DIEGO, July 02, 2024 (GLOBE NEWSWIRE) — Beam Global (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced record Q2 new orders of $10.6 million, up 128% year-over-year. Beam Global expanded government contracts with new and repeat orders from state agencies in California, Massachusetts, Nevada and North Carolina and from 15 local government entities.
BEEM’s Market Performance
BEEM’s stock has risen by 40.78% in the past week, with a monthly rise of 7.81% and a quarterly rise of 1.88%. The volatility ratio for the week is 13.74% while the volatility levels for the last 30 days are 6.92% for Beam Global The simple moving average for the past 20 days is 23.00% for BEEM’s stock, with a 1.94% 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 11.03% 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 -48.37% of loss for the given period.
Volatility was left at 6.92%, however, over the last 30 days, the volatility rate increased by 13.74%, as shares surge +8.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.53% upper at present.
During the last 5 trading sessions, BEEM rose by +40.78%, which changed the moving average for the period of 200-days by -17.01% in comparison to the 20-day moving average, which settled at $5.30. In addition, Beam Global saw -8.46% 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 437 shares at the price of $5.88 back on Jun 03 ’24. After this action, WHEATLEY DESMOND C now owns 100,492 shares of Beam Global, valued at $2,570 using the latest closing price.
WHEATLEY DESMOND C, the Chief Executive Officer of Beam Global, sale 620 shares at $7.35 during a trade that took place back on Oct 02 ’23, which means that WHEATLEY DESMOND C is holding 100,929 shares at $4,557 based on the most recent closing price.
Stock Fundamentals for BEEM
Current profitability levels for the company are sitting at:
- -0.22 for the present operating margin
- 0.04 for the gross margin
The net margin for Beam Global stands at -0.22. The total capital return value is set at -0.27. Equity return is now at value -44.41, with -26.18 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 -14.63. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -931.75.
Currently, EBITDA for the company is -13.94 million with net debt to EBITDA at 0.2. When we switch over and look at the enterprise to sales, we see a ratio of 1.33. The receivables turnover for the company is 3.42for trailing twelve months and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.84.
Conclusion
To put it simply, Beam Global (BEEM) has had a mixed 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.
