Beem stock today5/12/2023 The company currently falls under 'Small-Cap' category with current market capitalization of 126.72 M. Beam Global is listed under Electronic Equipment category by Fama And French industry classification. It is located in 5660 Eastgate Drive and employs 78 people. Operating Cash Flowīeam Global (BEEM) is traded on NASDAQ Exchange in USA. When we think about Beam Global's use of debt, we should always consider it together with cash and equity. Debt, in this case, can be an excellent and much better tool for Beam Global to invest in growth at high rates of return. However, a more frequent occurrence is when companies like Beam Global sell additional shares at bargain prices, diluting existing shareholders. So, Beam Global's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. Debt can assist Beam Global until it has trouble settling it off, either with new capital or with free cash flow. Beam Global has a current ratio of 4.47, suggesting that it is liquid enough and is able to pay its financial obligations when due. The company currently holds 2.15 M in liabilities with Debt to Equity (D/E) ratio of 0.06, which may suggest the company is not taking enough advantage from borrowing. It can also help you figure out where your money is going and how much cash you have available at a given moment. This signified a fall of nearly 14.27%.īesides this sudden fall, the stock has performed well in the past month, and the demand for electric vehicles could propel the company further ahead.Beam Global cash flow analysis is essential to understand how it generates and spends money over a specific period. On April 20, the stock opened at $22.14 and closed at $18.98. On a single day, the stock price decreased substantially. Recently, however, the stock has reverted to a downturn. Experts have also named BEEM, among other stocks, as the top selection for a potential short squeeze. What else is on the Menu?Ĭonsidering BEEM’s stock data of the past multiple years, the stock has risen by a whopping 169.22% in the past five years.Įarlier the company unmasked its financial highlights for 2021, setting a new record for annual revenues when it reported $9.0 million in revenue for the year. The system would be used to power electric vehicles that are part of the city’s fleet, including an electric shuttle bus for the city’s Senior Center. Much of this can be attributed to a March 17 announcement that Beam had deployed a clean charging system for Costa Mesa, a city in California, where the company itself is headquartered. In a plot twist, BEEM closed at $20.45 the same day a stunning rise of almost 13.11%. Its lowest value was on January 27, but later the stock rebounded. Total shares on loan are around 2.36 million, and the short interest rate is at 27.4%.īEEM started the year with a closing price of $20.17, which later dropped significantly until March. As of April 19, the utilization rate is standing at a full 100%, as it has been since February 07. Until now, the whole of 2022 has been a roller coaster ride for BEEM. But recent events in 2022 prove that there is still hope for the stock through the trends of a short squeeze. True to it, the stock took a startling downturn. Later in 2021, multiple insiders at Beam Global began selling their shares in the company in large numbers. This turn in value was partly because Beam welcomed new patents for its EV charging framework. In the past couple of years, BEEM saw its highest stock rise at the end of 2020 and the beginning of 2021. The company came to be in 2006 and, has a current M Cap of $190.46 million. A Capital Goods company headquartered in California, Beam Global (BEEM: US) designs and mass-manufactures products that focus on sustainable transportation and clean technology.
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