“We have seen a double or double increase in our new product the past two months. At that level, BEEM’s share price would be -56.45% below current price.“They come in more frequently than before like people who come once a month come in twice, three times a month,” Thurman said. Investors will be thrilled if BEEM’s share price rises to $24.00, which is the median consensus price. The current price is about -30.38% off the estimated low and -225.95% off the forecast high, based on this estimate. With analysts defining $20.00-$50.00 as the low and high price targets, we arrive at a consensus price target of $29.50 for the trailing 12-month period. Beam Global (NASDAQ:BEEM)’s beta value is currently sitting at 1.22, while the Average True Range indicator is currently displaying 1.80. When measured over the past 30 days, the indicator reaches 10.79%. The RSI metric on the 14-day chart is currently showing 49.44, and weekly volatility stands at 11.44%. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.Ī quick review shows that BEEM’s price is currently 3.58% off the SMA20 and -10.36% off the SMA50. 0 analyst(s) have tagged Beam Global (BEEM) as Underweight, while 0 advise Sell. Out of them, 3 rate it a Hold, while 3 recommend Buy, whereas 0 assign an Overweight rating. The number of analysts that have assigned BEEM a recommendation rating is 6.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively.
According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell. On the technical side, indicators suggest BEEM has a 50% Sell on average for the short term. The company’s revenue is forecast to grow by 107.60% over what it did in 2022.Ī company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Beam Global No upward and no downward comments were posted in the last 7 days. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2022 is $18.69 million. The average estimate suggests sales will likely up by 97.50% this quarter compared to what was recorded in the comparable quarter last year.
It means analysts are expecting annual earnings per share growth of 12.20% this year and 90.80% next year.Īnalysts have forecast the company to bring in revenue of $2.71 million for the current quarter, with the likely lows of $2.22 million and highs of $3.3 million. Analysts have predicted the quarterly earnings per share to grow by -$0.18 per share this quarter, however they have predicted annual earnings per share of -$0. Investors’ optimism about the company’s current quarter earnings report is understandable.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.Ĭlick here for full details and to join for free.īeam Global, whose market valuation is $178.56 million at the time of this writing, is expected to release its quarterly earnings report – Apr 01, 2022. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential. He buys up valuable assets when they are very cheap. The world's greatest investor - Warren Buffett - has a simple formula for making big money in the markets.