Maxim Group analyst Tate Sullivan reiterated a Buy rating on Beam Global (BEEM) yesterday and set a price target of $90.00. The company’s shares closed last Thursday at $66.00, close to its 52-week high of $75.90.
According to TipRanks.com, Sullivan is a 5-star analyst with an average return of 30.5% and a 50.4% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as Natural Gas Services Group, Ceco Environmental, and Capstone Turbine.
Beam Global has an analyst consensus of Strong Buy, with a price target consensus of $56.67.
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Beam Global’s market cap is currently $526.2M and has a P/E ratio of -77.90. The company has a Price to Book ratio of 33.58.
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BEEM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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