Beam Global (NASDAQ:BEEM) Stock Price Down 6.5% – What’s Next?

Beam Global (NASDAQ:BEEM)’s share price traded down 6.5% during trading on Friday . The company traded as low as $2.01 and last traded at $2.01. 116,218 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 162,783 shares. The stock had previously closed at $2.15.

Beam Global Stock Down 6.5 %

The company has a market capitalization of $29.70 million, a PE ratio of -2.07 and a beta of 1.25. The company has a 50-day moving average price of $2.43 and a two-hundred day moving average price of $3.53.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BEEM. XTX Topco Ltd boosted its position in shares of Beam Global by 96.3% in the third quarter. XTX Topco Ltd now owns 20,332 shares of the company’s stock valued at $100,000 after acquiring an additional 9,975 shares during the period. Virtue Capital Management LLC bought a new position in Beam Global in the 3rd quarter valued at $49,000. Dimensional Fund Advisors LP purchased a new position in shares of Beam Global during the 4th quarter valued at $39,000. Green Alpha Advisors LLC increased its holdings in shares of Beam Global by 28.1% in the fourth quarter. Green Alpha Advisors LLC now owns 59,982 shares of the company’s stock worth $190,000 after purchasing an additional 13,162 shares during the period. Finally, Northern Trust Corp raised its position in shares of Beam Global by 51.6% in the fourth quarter. Northern Trust Corp now owns 54,723 shares of the company’s stock worth $173,000 after buying an additional 18,628 shares in the last quarter. Hedge funds and other institutional investors own 26.59% of the company’s stock.

About Beam Global

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.