Beam Global (NASDAQ:BEEM) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen cut shares of Beam Global (NASDAQ:BEEM) from a sell rating to a strong sell rating in a research report released on Sunday morning.

Other equities analysts have also issued research reports about the company. Weiss Ratings lowered Beam Global from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 12th. Zacks Research downgraded Beam Global from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 29th. Finally, Freedom Capital raised Beam Global from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, Beam Global presently has a consensus rating of “Hold”.

Beam Global Price Performance

Shares of BEEM opened at $1.15 on Friday. The firm has a market capitalization of $25.53 million, a price-to-earnings ratio of -1.20 and a beta of 1.43. The firm’s fifty day simple moving average is $1.16 and its 200-day simple moving average is $1.42. Beam Global has a twelve month low of $0.97 and a twelve month high of $4.04. The company has a current ratio of 1.47, a quick ratio of 0.67 and a debt-to-equity ratio of 0.01.

Institutional Trading of Beam Global

Several institutional investors have recently modified their holdings of the stock. R Squared Ltd acquired a new position in shares of Beam Global in the 1st quarter valued at $26,000. Two Sigma Investments LP acquired a new stake in Beam Global during the 3rd quarter worth $102,000. Green Alpha Advisors LLC acquired a new stake in Beam Global during the 2nd quarter worth $53,000. Quadrature Capital Ltd purchased a new stake in Beam Global in the fourth quarter valued at $61,000. Finally, Virtue Capital Management LLC lifted its position in Beam Global by 1,339.7% in the fourth quarter. Virtue Capital Management LLC now owns 50,000 shares of the company’s stock valued at $81,000 after acquiring an additional 46,527 shares during the last quarter. Hedge funds and other institutional investors own 26.59% of the company’s stock.

Beam Global Company Profile

Beam Global (NASDAQ:BEEM) is a developer of solar-powered infrastructure solutions designed to support the transition to clean energy and electric transportation. Headquartered in California, the company specializes in producing off-grid EV charging units, solar canopy systems and energy storage solutions that can be rapidly deployed in urban, rural and remote environments. By integrating photovoltaic panels with battery storage and charging hardware, Beam Global’s products aim to reduce reliance on grid power and lower carbon emissions at charging locations.

The company’s flagship product, EV ARC, is a standalone, solar-powered electric vehicle fast-charging kiosk that requires no construction, trenching or utility upgrades.