BEEM Stock Summary and Trading Ideas (Beam Glb | NASDAQ:BEEM)

Beam Global produces sustainable technology for electric vehicle (EV) charging, outdoor media, and energy security, without the construction, disruption, and costs of grid-tied solutions. Its products are founded upon its patented EV ARC and Solar Treelines and include BeamTrak patented solar tracking, and ARC Technology energy storage, along with EV charging, outdoor media, and disaster preparedness packages. From start to finish, the company develops, patents, designs, engineers, and manufactures renewably energized products that help the environment, empower communities, and keep people moving.

Beam Glb trades on the NASDAQ stock market under the symbol BEEM.

As of January 27, 2025, BEEM stock price declined to $2.68 with 315,542 million shares trading.

BEEM has a beta of 0.97, meaning it tends to be less sensitive to market movements. BEEM has a correlation of 0.03 to the broad based SPY ETF.

BEEM has a market cap of $39.59 million. This is considered a Sub-Micro Cap stock.

Last quarter Beam Glb reported $11 million in Revenue and $.09 earnings per share. This fell short of revenue expectation by $-4 million and exceeded earnings estimates by $.25.

In the last 3 years, BEEM traded as high as $26.09 and as low as $2.60.

The top ETF exchange traded funds that BEEM belongs to (by Net Assets): VTI, VXF, IWC, DFAT.

BEEM has underperformed the market in the last year with a price return of -57.5% while the SPY ETF gained +24.4%. BEEM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -43.9% and -14.1%, respectively, while the SPY returned +3.9% and +3.1%, respectively.

BEEM support price is $2.62 and resistance is $3.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BEEM shares will trade within this expected range on the day.