Beam Global (BEEM, $15.90) is expected to report earnings to fall+49% to -34 cents per share on March 29
Beam Global (BEEM) is a company that designs and manufactures electric vehicle charging infrastructure solutions. The company is expected to report earnings on March 29, with earnings per share (EPS) forecasted to fall between +49% to -34 cents per share. The last earnings report on September 30, 2022, showed an EPS of -67 cents, missing the estimated EPS of -21 cents.
Analyzing the financial ratios of BEEM, the company's Price-to-Book (P/B) Ratio of 5.491 is around the industry mean of 6.213. The company's Price-to-Earnings (P/E) Ratio of 0.000 is within the average values for comparable stocks of 42.134. The Projected Growth (PEG) Ratio of 0.000 is also within normal values, averaging 1.976. BEEM has a moderately low Dividend Yield of 0.000 as compared to the industry average of 0.024. The Price-to-Sales (P/S) Ratio of 8.780 is also within normal values, averaging 97.669. With 96.45K shares outstanding, the current market capitalization of BEEM sits at $162.24M.
On March 23, 2023, BEEM's Momentum Indicator moved above the 0 level, indicating a potential new upward trend for the stock. Traders may consider buying the stock or buying call options. According to Tickeron's A.I.dvisor, in 107 similar instances where the Momentum Indicator turned positive, the stock moved higher in 93 of the 107 cases. The odds of a move higher are at 87%.
Overall, while BEEM's financial ratios appear to be within normal values, the company's recent earnings report may indicate some challenges for the company. However, the positive momentum indicator could be an opportunity for traders to take advantage of a potential upward trend in the stock. It is important for investors to conduct their own research and analysis before making any investment decisions.
BEEM's RSI Indicator recovers from overbought zone
The 10-day RSI Oscillator for BEEM moved out of overbought territory on May 23, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 32 instances where the indicator moved out of the overbought zone. In of the 32 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on June 05, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BEEM as a result. In of 108 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BEEM turned negative on June 08, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 39 similar instances when the indicator turned negative. In of the 39 cases the stock turned lower in the days that followed. This puts the odds of success at .
BEEM moved below its 50-day moving average on June 09, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BEEM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BEEM broke above its upper Bollinger Band on May 22, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The 10-day moving average for BEEM crossed bullishly above the 50-day moving average on May 30, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a +2 3-day Advance, the price is estimated to grow further. Considering data from situations where BEEM advanced for three days, in of 227 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 175 cases where BEEM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. BEEM’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.688) is normal, around the industry mean (5.954). P/E Ratio (0.000) is within average values for comparable stocks, (74.969). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.132). Dividend Yield (0.000) settles around the average of (0.025) among similar stocks. P/S Ratio (3.717) is also within normal values, averaging (92.716).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BEEM’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock worse than average.
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General Information
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Industry ElectricalProducts
BEEM and
Correlation & Price change
A.I.dvisor indicates that over the last year, BEEM has been loosely correlated with FCEL. These tickers have moved in lockstep 44% of the time. This A.I.-generated data suggests there is some statistical probability that if BEEM jumps, then FCEL could also see price increases.
| Ticker / NAME | Correlation To BEEM | 1D Price Change % | ||
|---|---|---|---|---|
| BEEM | 100% | -4.89% | ||
| FCEL - BEEM | 44% Loosely correlated | +0.87% | ||
| PLUG - BEEM | 44% Loosely correlated | -3.68% | ||
| SUNW - BEEM | 44% Loosely correlated | -3.57% | ||
| SOL - BEEM | 43% Loosely correlated | +0.41% | ||
| ARRY - BEEM | 43% Loosely correlated | -1.58% | ||
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