#Beem stock outlook full#

To us that means that there isn't a lot of correlation between the past revenue performance and the share price, but a closer look at analyst forecasts and the bottom line may well explain a lot. The stock is up 99% in that time, a fine performance given the revenue drop. In the last year Beam Global saw its revenue shrink by 4.3%. As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth. While the effectiveness of this highly sought-after metric is questionable, the. Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. The average of price targets set by Wall Street analysts indicates a potential upside of 42.6 in Beam Global (BEEM). We cannot resolve these differences in outlook here. Tickerons A.I.dvisor backtested 38 similar cases where BEEMs price broke its lower Bollinger. from downturns in the stock market (affecting personal accounts in Social Security) or mistakes. In that time we've seen the stock easily surpass the market return, with a gain of 99%.īecause Beam Global made a loss in the last twelve months, we think the market is probably more focussed on revenue and revenue growth, at least for now. Traders may consider buying the stock or exploring call options. While that might be a setback, it doesn't negate the nice returns received over the last twelve months. This group has a Zacks Industry Rank of 240, putting it in the bottom 6% of all 250+ industries.Beam Global ( NASDAQ:BEEM) shareholders have seen the share price descend 13% over the month. The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. Beam Global is currently a Zacks Rank #3 (Hold). The Zacks Consensus EPS estimate has moved 9.17% lower within the past month. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Our research shows that these estimate changes are directly correlated with near-term stock prices. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. These revisions help to show the ever-changing nature of near-term business trends. 09:25 AM EDT, (MT Newswires) - Beam Global (BEEM) has an average rating of outperform and price targets ranging from 20 to 50, according to analysts polled by Capital IQ. The Wall Street analyst predicted that Beam Global 's share price could reach 23.00 by Jun 17, 2023. Riley Initiates Beam Global at Buy with 23 Price Target, Notes Unique Competitive Advantage Versus Grid-Connected Solutions. This move was narrower than the S&P 500's daily loss of 2.77. Investors should also note any recent changes to analyst estimates for Beam Global. These forecast figures are about 1 year ahead of the forecasts from Wallstreet and would have BEEM become profitable in 2022 rather than 2023 as Wallstreet is suggesting. According to 1 Wall Street analyst that have issued a 1 year BEEM price target, the average BEEM price target is 23.00, with the highest BEEM stock price forecast at 23.00 and the lowest BEEM stock price forecast at 23.00. Beam Global (BEEM) closed at 17.17 in the latest trading session, marking a -0.46 move from the prior day. These totals would mark changes of +10.81% and +92.85%, respectively, from last year.

#Beem stock outlook full#

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.66 per share and revenue of $17.36 million.