Beam Global (NASDAQ:BEEM – Get Free Report) saw a large drop in short interest in June. As of June 15th, there was short interest totalling 1,540,000 shares, a drop of 8.3% from the May 31st total of 1,680,000 shares. Based on an average trading volume of 107,700 shares, the days-to-cover ratio is presently 14.3 days.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. Roth Mkm reissued a “buy” rating and set a $9.00 price objective on shares of Beam Global in a research report on Tuesday, April 23rd. HC Wainwright reissued a “buy” rating and set a $30.00 price objective on shares of Beam Global in a research report on Wednesday, May 22nd. B. Riley raised shares of Beam Global to a “strong-buy” rating in a research report on Tuesday, June 25th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Beam Global in a research report on Wednesday, May 22nd.
Read Our Latest Stock Report on BEEM
Hedge Funds Weigh In On Beam Global
Beam Global Stock Performance
Shares of NASDAQ BEEM traded up $0.12 during trading on Wednesday, reaching $5.39. 255,195 shares of the company traded hands, compared to its average volume of 113,890. The firm has a 50 day simple moving average of $5.86 and a 200-day simple moving average of $6.40. Beam Global has a 52-week low of $4.30 and a 52-week high of $12.57.
Beam Global (NASDAQ:BEEM – Get Free Report) last posted its quarterly earnings data on Monday, May 20th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.09. The company had revenue of $14.56 million for the quarter, compared to the consensus estimate of $17.65 million. Beam Global had a negative net margin of 22.16% and a negative return on equity of 30.53%. As a group, analysts anticipate that Beam Global will post -0.77 EPS for the current year.
Beam Global Company Profile
Beam Global, a clean-technology innovation company, engages in the design, development, engineering, manufacture, and sale of renewably energized infrastructure products and battery solutions. Its product portfolio includes EV ARC (electric vehicle autonomous renewable charger), an infrastructure product that uses integrated solar power and battery storage to provide a mounting asset and a source of power for factory installed electric vehicle charging stations; Solar Tree DCFC, an off-grid, renewably energized, and single-column mounted smart generation and energy storage system to provide a 150kW DC fast charge to one or more electric vehicles, such as electric buses, heavy-duty vehicles, agricultural equipment, public transportation, and electric vehicles used in the construction industry; and EV ARC DCFC, a DC fast charging system for charging EVs.
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