Beam Global’s (BEEM) Hold Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of Beam Global (NASDAQ:BEEM) in a report issued on Monday,Benzinga reports.

BEEM has been the subject of several other research reports. HC Wainwright restated a “buy” rating and issued a $30.00 price target on shares of Beam Global in a report on Wednesday, August 14th. B. Riley lowered their price target on Beam Global from $11.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, August 14th.

Beam Global Stock Up 2.6 %

BEEM opened at $4.35 on Monday. 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 stock has a market capitalization of $63.60 million, a price-to-earnings ratio of -4.48 and a beta of 0.87. The business has a 50-day moving average of $4.86 and a two-hundred day moving average of $5.39. Beam Global has a 12 month low of $3.89 and a 12 month high of $8.48.

Institutional Trading of Beam Global

A number of institutional investors have recently modified their holdings of BEEM. Capital Performance Advisors LLP purchased a new stake in shares of Beam Global during the 3rd quarter worth about $25,000. XTX Topco Ltd purchased a new stake in shares of Beam Global during the 2nd quarter worth about $48,000. Virtue Capital Management LLC purchased a new stake in shares of Beam Global during the 3rd quarter worth about $49,000. Calton & Associates Inc. acquired a new position in Beam Global during the 3rd quarter worth approximately $93,000. Finally, Green Alpha Advisors LLC lifted its position in Beam Global by 16.1% during the 3rd quarter. Green Alpha Advisors LLC now owns 46,820 shares of the company’s stock worth $230,000 after acquiring an additional 6,500 shares in the last quarter. Hedge funds and other institutional investors own 26.59% of the company’s stock.

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.