As of Wednesday close, Beam Global’s (NASDAQ:BEEM) stock was down -$0.52, moving down -2.91 percent to $17.34. The average number of shares traded per day over the past five days has been 210,000 shares. 1 time new highs have been achieved over the past 5 days, with a $0.85 gain in that time frame. In the last twenty days, the average volume was 166,935, while in the previous 50 days, it was 126,204.
Since last month, BEEM stock rose 44.38%. Shares of the company fell to $8.90 on 10/24/22, the lowest level in the past month. A 52-week high of $29.46 was reached on 04/05/22 after having rallying from a 52-week low of $8.90. Since the beginning of this year, BEEM’s stock price has dropped by -6.77% or -$1.26, and marked a new high 5 times. However, the stock has declined by -41.14% since its 52-week high.
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BEEM stock investors should be aware that Beam Global (BEEM) stock had its last reported insider trading activity 10 days ago on Nov 14. Townsend Battery Partners, LLC, the 10% Owner of the company, disposed of 10,176 shares for $16.32 on Nov 14. It resulted in a $166,076 divestment by the insider. Townsend Battery Partners, LLC sold 24,146 shares at an average price of $14.59 on Nov 11. The insider now owns 1,015,176 shares following the transaction. On Nov 10, 10% Owner Townsend Battery Partners, LLC sold 6,040 shares at $13.17 apiece. The transaction was valued at $79,547.
The stock’s beta is 1.20. Besides these, the trailing price-to-sales (P/S) ratio of 10.32, the price-to-book (PB) ratio of 5.92.
In the three months ended June 29, Beam Global’s quick ratio stood at 1.10, while its current ratio was 2.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is -7.50% percent. In the year ended June 29, operating margins totaled -79.10%. Based on annual data, BEEM earned -$0.97 million in gross profit and brought in $9.0 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -25.40%. Return on equity (ROE) for the past 12 months was -42.80%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BEEM’s revenue rose 69.44% to $3.72 million during the quarter, while net income inched up to $6.61 million. While analysts expected Beam Global to report -$0.21 quarterly earnings, the actual figure was -$0.28 per share, beating the consensus estimate by -33.30%. During the quarter, the company generated -$6.5 million in EBITDA. The liabilities of Beam Global were 13.24 million at the end of its most recent quarter ended June 29, and its total debt was $2.0 million. The value of shareholders’ equity is $10.1 million.
This quick technical analysis looks at Beam Global’s (BEEM) price momentum. With a historical volatility rate of 106.77%, the RSI 9-day stood at 67.13% on 23 November.
With respect to its five-day moving average, the current Beam Global price is up by +5.15% percent or $0.85. At present, BEEM shares trade +51.44% above its 20-day simple moving average and +21.17% percent above its 100-day simple moving average. However, the stock is currently trading approximately +23.24% above its SMA50 and +34.84% above its SMA200.
Stochastic coefficient K was 81.98% and Stochastic coefficient D was 81.48%, while ATR was 1.42. Given the Stochastic reading of 82.56% for the 14-day period, the RSI (14) reading has been calculated as 66.14%. As of today, the MACD Oscillator reading stands at 0.44, while the 14-day reading stands at 1.95.
H.C. Wainwright upgraded its rating on Beam Global (NASDAQ: BEEM) to a Buy in a note to investors on November 14, 2022. The analysts firm previously had a Neutral rating on the stock.Beam Global (BEEM) has been rated Overweight by analysts. According to 0 brokerage firms, BEEM is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Beam Global stock as buy, with 5 recommending it as overweight.
With a median target price of $25.00, the current consensus forecast for the stock is $15.00 – $40.00. Based on these forecasts, analysts predict Beam Global (BEEM) will achieve an average price target of $26.67.