Beam Global (NASDAQ: BEEM)’s stock price has soared by 19.43 in relation to previous closing price of 2.83. Nevertheless, the company has seen a gain of 6.96% in its stock price over the last five trading days. globenewswire.com reported 2024-12-10 that Benzina Zero’s rugged e- mopeds and scooters are integrated into Beam Global’s BeamWell™ desalination and delivery platform to provide clean water in global crisis zones Benzina Zero to market Beam Global’s products in Australia and Italy representing further geographic growth for the Company Beam Global to integrate Benzina Zero e-mopeds, e-scooters and e-bikes in product bundles globally SAN DIEGO, Dec. 10, 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 a partnership with Benzina Zero, an innovative provider of electric mopeds and scooters, electric bicycles and micro-mobility solutions. This unique partnership includes product integration and new sales channels, increasing opportunities for both companies.
Is It Worth Investing in Beam Global (NASDAQ: BEEM) Right Now?
Company’s 36-month beta value is 1.52.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for BEEM is 13.75M, and currently, short sellers hold a 7.71% ratio of that floaft. The average trading volume of BEEM on December 27, 2024 was 172.06K shares.
BEEM’s Market Performance
BEEM stock saw a decrease of 6.96% in the past week, with a monthly decline of -19.14% and a quarterly a decrease of -30.88%. The volatility ratio for the week is 12.74%, and the volatility levels for the last 30 days are 10.59% for Beam Global (BEEM). The simple moving average for the past 20 days is 9.14% for BEEM’s stock, with a -36.30% 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 -16.05% 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 -60.13% of loss for the given period.
Volatility was left at 10.59%, however, over the last 30 days, the volatility rate increased by 12.74%, as shares sank -13.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.22% lower at present.
During the last 5 trading sessions, BEEM rose by +6.96%, which changed the moving average for the period of 200-days by -53.51% in comparison to the 20-day moving average, which settled at $3.10. In addition, Beam Global saw -52.33% 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 DESMOND WHEATLEY, who proposed sale 310 shares at the price of $4.75 back on Oct 08 ’24. After this action, DESMOND WHEATLEY now owns shares of Beam Global, valued at $1,471 using the latest closing price.
DESMOND WHEATLEY, the Director of Beam Global, proposed sale 310 shares at $4.91 during a trade that took place back on Oct 01 ’24, which means that DESMOND WHEATLEY is holding shares at $1,522 based on the most recent closing price.
Stock Fundamentals for BEEM
Current profitability levels for the company are sitting at:
- -0.18 for the present operating margin
- 0.09 for the gross margin
The net margin for Beam Global stands at -0.19. The total capital return value is set at -0.21. Equity return is now at value -24.26, with -18.03 for asset returns.
Based on Beam Global (BEEM), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -9.35. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -327.12.
Currently, EBITDA for the company is -14.17 million with net debt to EBITDA at 0.36. When we switch over and look at the enterprise to sales, we see a ratio of 0.78. The receivables turnover for the company is 5.37for 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 2.35.
Conclusion
In a nutshell, Beam Global (BEEM) has experienced a bad performance in recent times. The stock has received mixed “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.
