What is B. Riley’s Forecast for Beam Global FY2025 Earnings?

Beam Global (NASDAQ:BEEM) – Analysts at B. Riley increased their FY2025 earnings per share estimates for shares of Beam Global in a note issued to investors on Tuesday, November 5th. B. Riley analyst R. Pfingst now forecasts that the company will post earnings of ($0.18) per share for the year, up from their prior forecast of ($0.19). B. Riley has a “Buy” rating and a $10.00 price objective on the stock. The consensus estimate for Beam Global’s current full-year earnings is ($0.86) per share.

Several other equities research analysts have also issued reports on BEEM. Needham & Company LLC reissued a “hold” rating on shares of Beam Global in a research note on Wednesday, August 14th. HC Wainwright reissued a “buy” rating and set a $30.00 price objective on shares of Beam Global in a report on Wednesday, August 14th.

Beam Global Stock Down 1.8 %

BEEM opened at $4.80 on Thursday. The firm has a market capitalization of $70.18 million, a P/E ratio of -3.64 and a beta of 0.87. Beam Global has a one year low of $4.30 and a one year high of $8.48. The company has a fifty day moving average price of $4.90 and a 200-day moving average price of $5.51. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.79 and a quick ratio of 1.16.

Beam Global (NASDAQ:BEEM) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.06. Beam Global had a negative net margin of 25.27% and a negative return on equity of 29.07%. The company had revenue of $14.81 million during the quarter, compared to analysts’ expectations of $16.30 million.

Institutional Investors Weigh In On Beam Global

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Beam Global by 21.0% during the 1st quarter. Vanguard Group Inc. now owns 618,676 shares of the company’s stock valued at $4,207,000 after buying an additional 107,200 shares in the last quarter. AWM Investment Company Inc. grew its position in Beam Global by 8.4% during the first quarter. AWM Investment Company Inc. now owns 983,535 shares of the company’s stock valued at $6,688,000 after acquiring an additional 76,301 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of Beam Global during the first quarter worth approximately $284,000. Oak Family Advisors LLC lifted its holdings in shares of Beam Global by 11.0% in the 2nd quarter. Oak Family Advisors LLC now owns 52,288 shares of the company’s stock worth $241,000 after acquiring an additional 5,181 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Beam Global in the 2nd quarter valued at $48,000. Institutional investors own 26.59% of the company’s stock.

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.