Beam Global (BEEM)
NASDAQ: BEEM · IEX Real-Time Price · USD
6.37
-0.02 (-0.31%)
Apr 5, 2024, 3:18 PM EDT - Market open
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Beam Global stock have an average target of 27.5, with a low estimate of 25 and a high estimate of 30. The average target predicts an increase of 331.71% from the current stock price of 6.37.
Analyst Consensus: Strong Buy
| Target | Low | Average | Median | High |
|---|---|---|---|---|
| Price | $25 | $27.5 | $30 | $30 |
| Change | +292.46% | +331.71% | +370.96% | +370.96% |
* Price targets were last updated on Jul 20, 2023.
Analyst Ratings
The average analyst rating for Beam Global stock from 2 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B. Riley Securities | B. Riley Securities | Strong Buy Reiterates $25 | Strong Buy | Reiterates | $25 | +292.46% | Jul 20, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $30 | Strong Buy | Reiterates | $30 | +370.96% | May 22, 2023 |
| Northland Capital Markets | Northland Capital Markets | Buy Initiates $25 | Buy | Initiates | $25 | +292.46% | Feb 13, 2023 |
| HC Wainwright & Co. | HC Wainwright & Co. | Hold → Strong Buy Upgrades n/a | Hold → Strong Buy | Upgrades | n/a | n/a | Nov 14, 2022 |
| Maxim Group | Maxim Group | Strong Buy Maintains $50 → $40 | Strong Buy | Maintains | $50 → $40 | +527.94% | Aug 15, 2022 |
Financial Forecast
Revenue This Year
Increased by 202.33%
from 22.00M
Revenue Next Year
86.85M
from 66.50M
Increased by 30.60%
from 66.50M
EPS This Year
-1.34
from -1.99
from -1.99
EPS Next Year
-0.49
from -1.34
from -1.34
| Year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.16M | 5.11M | 6.21M | 9.00M | 22.00M | 66.50M | 86.85M | 113.00M | 129.63M | 153.63M | 185.99M |
| Revenue Growth | 336.42% | -17.05% | 21.50% | 44.95% | 144.33% | 202.33% | 30.60% | 30.12% | 14.72% | 18.51% | 21.06% |
| EPS | -1.24 | -0.88 | -0.84 | -0.74 | -1.99 | -1.34 | -0.49 | 0.18 | 0.94 | 2.14 | 2.85 |
| EPS Growth | - | - | - | - | - | - | - | - | 413.89% | 127.03% | 32.86% |
| No. Analysts | - | - | - | - | - | 7 | 7 | 5 | 4 | 3 | 3 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | 73.5M | 105.0M | 131.3M | 154.4M | 193.4M | 237.0M |
| Avg | 66.5M | 86.8M | 113.0M | 129.6M | 153.6M | 186.0M |
| Low | 61.7M | 74.3M | 101.2M | 106.8M | 114.7M | 136.2M |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | 234.2% | 57.9% | 51.1% | 36.7% | 49.2% | 54.2% |
| Avg | 202.3% | 30.6% | 30.1% | 14.7% | 18.5% | 21.1% |
| Low | 180.7% | 11.7% | 16.6% | -5.5% | -11.5% | -11.3% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | -1.20 | -0.44 | 0.53 | 1.52 | 2.21 | 2.93 |
| Avg | -1.34 | -0.49 | 0.18 | 0.94 | 2.14 | 2.85 |
| Low | -1.67 | -0.59 | -0.39 | 0.39 | 2.06 | 2.73 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | - | - | - | 729.2% | 133.7% | 36.8% |
| Avg | - | - | - | 413.9% | 127.0% | 32.9% |
| Low | - | - | - | 113.5% | 118.1% | 27.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.
