Beam Global (NASDAQ:BEEM) shares, rose in value on Thursday, April 16, with the stock price up by 7.41% to the previous day’s close as strong demand from buyers drove the stock to $1.45.
Actively observing the price movement in the last trading, the stock closed the session at $1.35, falling within a range of $1.33 and $1.45. The value of beta (5-year monthly) was 2.008. Referring to stock’s 52-week performance, its high was $7.68, and the low was $1.35. On the whole, BEEM has fluctuated by -35.27% over the past month.
With the market capitalization of Beam Global currently standing at about $22.47 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Apr-10.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 37.15M, with a low estimate of 7.8M and a high estimate of 8.2M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 8M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BEEM’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of BEEM currently trading nearly -21.94% and -32.45% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.97, while the 7-day volatility ratio is showing 13.43% which for the 30-day chart, stands at 10.11%. Furthermore, Beam Global (BEEM)’s beta value is 2.27, and its average true range (ATR) is 0.18.
A comparison of Beam Global (BEEM) with its peers suggests the former has fared considerably weaker in the market. BEEM showed an intraday change of 7.41% in last session, and over the past year, it shrunk by -73.73%%.
Data on historical trading for Beam Global (NASDAQ:BEEM) indicates that the trading volumes over the past 10 days have averaged 0.29 and over the past 3 months, they’ve averaged 161.64K. According to company’s latest data on outstanding shares, there are 14.84 million shares outstanding.
Nearly 8.13% of Beam Global’s shares belong to company insiders and institutional investors own 14.98% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.09 million shares as on 2025-03-31, resulting in a short ratio of 11.71. According to the data, the short interest in Beam Global (BEEM) stood at 754.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 1.17 million. The stock has fallen by -54.26% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BEEM stock heading into the next quarter.
