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

Beam Global (NASDAQ:BEEM - Free Report) - Equities researchers at B. Riley boosted their FY2025 earnings estimates for Beam Global in a report released on Tuesday, November 5th. B. Riley analyst R. Pfingst now expects that the company will earn ($0.18) per share for the year, up from their prior forecast of ($0.19). B. Riley currently has a "Buy" rating and a $10.00 target price on the stock. The consensus estimate for Beam Global's current full-year earnings is ($0.86) per share.

Other equities research analysts have also issued research reports about the stock. Needham & Company LLC reissued a "hold" rating on shares of Beam Global in a report on Wednesday, August 14th. HC Wainwright reissued a "buy" rating and issued a $30.00 price objective on shares of Beam Global in a report on Wednesday, August 14th.

Beam Global Trading Down 1.4 %

Shares of BEEM traded down $0.07 during mid-day trading on Thursday, reaching $4.82. The stock had a trading volume of 41,826 shares, compared to its average volume of 126,443. 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 has a 52-week low of $4.30 and a 52-week high of $8.48. The business's fifty day moving average is $4.90 and its 200 day moving average is $5.51. The firm has a market cap of $70.47 million, a price-to-earnings ratio of -3.70 and a beta of 0.87.

Beam Global (NASDAQ:BEEM - Get Free Report) last released its earnings results on Tuesday, August 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $14.81 million during the quarter, compared to analyst estimates of $16.30 million.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BEEM. Vanguard Group Inc. lifted its position in Beam Global by 21.0% in the first 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 during the last quarter. AWM Investment Company Inc. lifted its position in Beam Global by 8.4% in the first 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 during the last quarter. Tidal Investments LLC acquired a new position in Beam Global in the first quarter valued at about $284,000. Oak Family Advisors LLC lifted its position in Beam Global by 11.0% in the second quarter. Oak Family Advisors LLC now owns 52,288 shares of the company's stock valued at $241,000 after buying an additional 5,181 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Beam Global in the second quarter valued at about $48,000. Institutional investors and hedge funds 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.