Beam Global (NASDAQ:BEEM) Short Interest Update

Beam Global (NASDAQ:BEEM) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 1,490,000 shares, a growth of 13.7% from the August 31st total of 1,310,000 shares. Based on an average trading volume of 182,400 shares, the short-interest ratio is presently 8.2 days.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BEEM. B. Riley lowered their price target on Beam Global from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. HC Wainwright reaffirmed a “buy” rating and issued a $30.00 target price on shares of Beam Global in a report on Wednesday, August 14th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Beam Global in a research report on Wednesday, August 14th.

Beam Global Stock Performance

NASDAQ BEEM opened at $4.91 on Tuesday. The company’s fifty day moving average is $5.26 and its two-hundred day moving average is $5.79. Beam Global has a 52-week low of $4.30 and a 52-week high of $8.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.79 and a quick ratio of 1.16. The firm has a market capitalization of $71.38 million, a price-to-earnings ratio of -3.78 and a beta of 0.87.

Beam Global (NASDAQ:BEEM) last released its earnings results on Tuesday, August 13th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.06. The business had revenue of $14.81 million for the quarter, compared to the consensus estimate of $16.30 million. Beam Global had a negative return on equity of 29.07% and a negative net margin of 25.27%. Equities research analysts forecast that Beam Global will post -0.86 EPS for the current year.

Institutional Trading of Beam Global

Institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd bought a new position in Beam Global in the second quarter worth $48,000. Oak Family Advisors LLC raised its stake in shares of Beam Global by 11.0% in the 2nd quarter. Oak Family Advisors LLC now owns 52,288 shares of the company’s stock valued at $241,000 after buying an additional 5,181 shares in the last quarter. Tidal Investments LLC bought a new position in shares of Beam Global during the 1st quarter worth about $284,000. Vanguard Group Inc. boosted its position in shares of Beam Global by 21.0% during the 1st quarter. Vanguard Group Inc. now owns 618,676 shares of the company’s stock valued at $4,207,000 after acquiring an additional 107,200 shares in the last quarter. Finally, AWM Investment Company Inc. increased its stake in Beam Global by 8.4% in the first quarter. AWM Investment Company Inc. now owns 983,535 shares of the company’s stock valued at $6,688,000 after acquiring an additional 76,301 shares during the period. 26.59% of the stock is currently owned by institutional investors.

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.