Retrospectively, the last year delivered an exceptional 144% gain to the company's top line.
What Are Revenue Growth Metrics Telling Us About The High P/S?īeam Global's P/S ratio would be typical for a company that's expected to deliver very strong growth, and importantly, perform much better than the industry.
BEEM STOCK BUY OR SELL FREE
If you'd like to see what analysts are forecasting going forward, you should check out our free report on Beam Global. You'd really hope so, otherwise you're paying a pretty hefty price for no particular reason. The P/S is probably high because investors think this strong revenue performance will continue. Recent times have been advantageous for Beam Global as its revenues have been rising faster than most other companies.
BEEM STOCK BUY OR SELL FULL
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.66 per share and revenue of $17.36 million.Ps-multiple-vs-industry What Does Beam Global's P/S Mean For Shareholders? BEEM Stock Forecast - Get a free BEEM stock predictions and find out whether you should buy or sell BEEM stock. These totals would mark changes of +10.81% and +92.85%, respectively, from last year. The trend analysis tool will help you make a better prediction on the BEEM stock. Investors should also note any recent changes to analyst estimates for Beam Global. Its loss per share is also forecast to improve from 0.84 in 2020 to 0.28 in 2021. These revisions help to show the ever-changing nature of near-term business trends. In the March quarter, Beam Global reported a loss per share of 0.14 which was narrower than a loss of 0.17 per. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Our research shows that these estimate changes are directly correlated with near-term stock prices. Their BEEM stock forecasts range from 23.00 to 25.00. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. On average, they predict Beam Globals share price to reach 24.00 in the next twelve months. This suggests a possible upside of 52.1 from the stocks current price. View analysts price targets for Beam Global or view top-rated stocks among Wall Street analysts. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 9.17% lower within the past month. Beam Global is currently a Zacks Rank #3 (Hold). The Fisker stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. On corrections down, there will be some support from the lines at 9.47 and 9.07.Īlso, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. with the Government GSA in many categories up until 2025 with and extension to 2030. BNEF forecasts that solar PV will account for 38 of world electricity capacity. This group has a Zacks Industry Rank of 240, putting it in the bottom 6% of all 250+ industries.
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