Beam Global (NASDAQ:BEEM) Short Interest Update

Beam Global (NASDAQ:BEEM) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 1,830,000 shares, an increase of 8.9% from the March 31st total of 1,680,000 shares. Based on an average daily trading volume, of 111,200 shares, the short-interest ratio is presently 16.5 days.

Beam Global Stock Up 1.7 %

Shares of BEEM stock traded up $0.11 during trading hours on Tuesday, reaching $6.50. 99,774 shares of the company’s stock were exchanged, compared to its average volume of 112,535. The business has a fifty day moving average price of $6.60 and a 200-day moving average price of $6.45. Beam Global has a fifty-two week low of $5.00 and a fifty-two week high of $13.66.

Beam Global (NASDAQ:BEEM) last released its earnings results on Tuesday, April 16th. The company reported ($0.51) EPS for the quarter. The company had revenue of $20.03 million for the quarter. Beam Global had a negative net margin of 23.84% and a negative return on equity of 36.71%. On average, equities analysts predict that Beam Global will post -0.84 EPS for the current year.

Institutional Trading of Beam Global

Hedge funds have recently modified their holdings of the company. Barclays PLC bought a new position in shares of Beam Global during the 3rd quarter worth about $128,000. Jump Financial LLC bought a new position in Beam Global during the third quarter worth about $130,000. Pathstone Family Office LLC grew its stake in shares of Beam Global by 13.9% in the 3rd quarter. Pathstone Family Office LLC now owns 18,850 shares of the company’s stock valued at $139,000 after purchasing an additional 2,305 shares during the period. Calton & Associates Inc. acquired a new position in shares of Beam Global in the 3rd quarter worth approximately $143,000. Finally, PFG Investments LLC raised its holdings in shares of Beam Global by 97.0% in the 1st quarter. PFG Investments LLC now owns 23,051 shares of the company’s stock worth $157,000 after buying an additional 11,348 shares in the last quarter. Institutional investors own 26.59% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BEEM. Roth Mkm reissued a “buy” rating and issued a $9.00 price objective on shares of Beam Global in a research note on Tuesday, April 23rd. B. Riley reduced their price objective on shares of Beam Global from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. HC Wainwright reaffirmed a “buy” rating and set a $30.00 price objective on shares of Beam Global in a report on Thursday, April 18th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Beam Global in a report on Thursday, April 18th.

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.