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

Beam Global (NASDAQ:BEEM)‘s stock had its “hold” rating reaffirmed by research analysts at Needham & Company LLC in a research report issued on Monday,Benzinga reports.

BEEM has been the subject of a number of other reports. B. Riley cut 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. HC Wainwright reiterated a “buy” rating and set a $30.00 target price on shares of Beam Global in a research note on Wednesday, August 14th.

Beam Global Stock Performance

BEEM stock traded up $0.25 during mid-day trading on Monday, reaching $4.49. 159,080 shares of the stock traded hands, compared to its average volume of 128,376. The company has a quick ratio of 1.16, a current ratio of 1.79 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average of $4.87 and a two-hundred day moving average of $5.40. The firm has a market capitalization of $65.64 million, a PE ratio of -4.63 and a beta of 0.87. Beam Global has a 52 week low of $3.89 and a 52 week high of $8.48.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. AWM Investment Company Inc. raised its stake in shares of Beam Global by 8.4% in the 1st quarter. AWM Investment Company Inc. now owns 983,535 shares of the company’s stock valued at $6,688,000 after buying an additional 76,301 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Beam Global by 21.0% in the 1st quarter. Vanguard Group Inc. now owns 618,676 shares of the company’s stock worth $4,207,000 after buying an additional 107,200 shares in the last quarter. Oak Family Advisors LLC lifted its position in shares of Beam Global by 11.0% during the 2nd quarter. Oak Family Advisors LLC now owns 52,288 shares of the company’s stock worth $241,000 after buying an additional 5,181 shares during the period. Green Alpha Advisors LLC boosted its stake in Beam Global by 16.1% in the 3rd quarter. Green Alpha Advisors LLC now owns 46,820 shares of the company’s stock valued at $230,000 after buying an additional 6,500 shares in the last quarter. Finally, Tidal Investments LLC bought a new stake in Beam Global in the first quarter valued at $284,000. 26.59% of the stock is currently owned by institutional investors and hedge funds.

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.