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Mar 28, 2023

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.

Related Ticker: BEEM

BEEM sees MACD Histogram just turned negative

BEEM saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 21, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 39 instances where the indicator turned negative. In of the 39 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BEEM as a result. In of 100 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

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 .

The Aroon Indicator for BEEM entered a downward trend on September 18, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator entered the oversold zone -- be on the watch for BEEM's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BEEM advanced for three days, in of 235 cases, the price rose further within the following month. The odds of a continued upward trend are .

BEEM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

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 (2.014) is normal, around the industry mean (5.415). P/E Ratio (0.000) is within average values for comparable stocks, (37.521). BEEM's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.477). BEEM has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.025). P/S Ratio (1.762) is also within normal values, averaging (28.078).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average 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 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 81, placing this stock worse than average.

Notable companies

The most notable companies in this group are First Solar (NASDAQ:FSLR), Enphase Energy (NASDAQ:ENPH), SolarEdge Technologies (NASDAQ:SEDG), Plug Power (NASDAQ:PLUG), Bloom Energy Corp (NYSE:BE), Canadian Solar (NASDAQ:CSIQ), SunPower Corp (NASDAQ:SPWR), GrafTech International Ltd (NYSE:EAF), FuelCell Energy (NASDAQ:FCEL).

Industry description

The industry produces a diverse range of electricity-powered equipment, appliances and components, catering to both households and industries. The products include power, distribution and specialty transformers; electric motors, generators and motor-generator sets; switchgear and switchboard apparatus; light bulbs, tubes, fittings and electric signs etc. Consumer income, construction spending, and industrial production are major drivers of demand for this industry’s products. Large companies tend to have economies of scale in production, marketing, and distribution, while smaller companies can potentially carve out their own market through niche or specialty offerings. The US electrical products manufacturing industry includes about 5,700 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $125 billion. (according to a study published in First Research). Emerson Electric Co., Hubbell Incorporated and Eaton Corporation plc are major electrical products makers in the U.S.

Market Cap

The average market capitalization across the Electrical Products Industry is 3.89B. The market cap for tickers in the group ranges from 750 to 181.26B. NISSF holds the highest valuation in this group at 181.26B. The lowest valued company is EDYYF at 750.

High and low price notable news

The average weekly price growth across all stocks in the Electrical Products Industry was -3%. For the same Industry, the average monthly price growth was -7%, and the average quarterly price growth was -9%. PWWRF experienced the highest price growth at 43%, while DLYT experienced the biggest fall at -33%.

Volume

The average weekly volume growth across all stocks in the Electrical Products Industry was -11%. For the same stocks of the Industry, the average monthly volume growth was -16% and the average quarterly volume growth was -1%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 55
P/E Growth Rating: 72
Price Growth Rating: 65
SMR Rating: 73
Profit Risk Rating: 81
Seasonality Score: -19 (-100 ... +100)
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General Information

a designer and deployer of advanced solar systems

Industry ElectricalProducts

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Fundamentals
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Industry
Engineering And Construction
Address
5660 Eastgate Drive
Phone
+1 858 799-4583
Employees
131
Web
https://www.beamforall.com
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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 45% 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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BEEM
1D Price
Change %
BEEM100%
-8.30%
FCEL - BEEM
45%
Loosely correlated
-4.96%
PLUG - BEEM
44%
Loosely correlated
-6.00%
BE - BEEM
42%
Loosely correlated
-4.31%
SOL - BEEM
41%
Loosely correlated
-1.62%
RUN - BEEM
41%
Loosely correlated
-5.22%
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