Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
As of close of business last night, Beam Global’s stock clocked out at $3.19, down -10.39% from its previous closing price of $3.56. In other words, the price has decreased by -$10.39 from its previous closing price. On the day, 0.29 million shares were traded. BEEM stock price reached its highest trading level at $3.52 during the session, while it also had its lowest trading level at $3.1701.
Ratios:
To gain a deeper understanding of BEEM’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.39 and its Current Ratio is at 2.35. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.03.
On February 13, 2023, Northland Capital started tracking the stock assigning a Outperform rating and target price of $25.
H.C. Wainwright Upgraded its Neutral to Buy on November 14, 2022, while the target price for the stock was maintained at $30.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Oct 08 ’24 when DESMOND WHEATLEY bought 310 shares for $4.75 per share.
DESMOND WHEATLEY bought 310 shares of BEEM for $1,522 on Oct 01 ’24. On Jun 03 ’24, another insider, WHEATLEY DESMOND C, who serves as the Chief Executive Officer of the company, sold 437 shares for $5.88 each. As a result, the insider received 2,570 and left with 100,492 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BEEM now has a Market Capitalization of 47128740 and an Enterprise Value of 55629636. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.77 while its Price-to-Book (P/B) ratio in mrq is 1.02. Its current Enterprise Value per Revenue stands at 0.844 whereas that against EBITDA is -4.675.
Stock Price History:
Over the past 52 weeks, BEEM has reached a high of $8.48, while it has fallen to a 52-week low of $2.62. The 50-Day Moving Average of the stock is -15.96%, while the 200-Day Moving Average is calculated to be -38.24%.
Shares Statistics:
It appears that BEEM traded 217.22K shares on average per day over the past three months and 364880 shares per day over the past ten days. A total of 14.77M shares are outstanding, with a floating share count of 13.75M. Insiders hold about 6.94% of the company’s shares, while institutions hold 14.04% stake in the company. Shares short for BEEM as of 1730332800 were 1331753 with a Short Ratio of 4.88, compared to 1727654400 on 1444946. Therefore, it implies a Short% of Shares Outstanding of 1331753 and a Short% of Float of 9.29.
