Beam Global Common Stock | BEEM

Daily Technical Analysis of Beam Global Common Stock

Beam Global had a nice pop today and is currently up 3.23% we'll see if the cash keeps flowing in.

Beam Global doesn't seem to be at a very clear reversal point in either direction. BEEM has been bouncing around but hasn't taken a very clear direction over the last few months. So it doesn't have very much obvious momentum in either direction. BEEM might find some support at the 9.38 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Beam Global By Price Target And Rating

Beam Global has an overall positive view by the analysts. The current Analysts Sentiment Score is 113.57. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Northland Securities initiated a rating of Outperform on 2023-02-13 and added a price target of $25.00. Cowen dropped their 1 year price target to 15.00 on 2022-11-16. On 2022-11-14 HC Wainwright upgraded Beam Global from Neutral to Buy and added a price target of $30.00. Maxim Group reiterated a rating of Buy on 2022-11-11 and provided a price target of $40.00. On 2022-06-17 B. Riley initiated their coverage and rated as Buy and added a price target of $23.00. BTIG Research announced a lowering of their price target to $25.00 from $42.00 on 2022-05-26. Roth Capital decided to move down their price target on 2021-05-25 to $38.00 which is a -41.54% decrease. Needham & Company LLC announced that they are initiating coverage with a rating of Hold on 2021-05-11.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
BEEM	113.57	118.99	0	115.42	-7.27

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2023-02-01)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
BEEM	-17.68	-8.21

Short interest for Beam Global

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
BEEM	15.79	%21	10.2	1.716	1750000

How Beam Global compares to the broader Technology sector and the more specific Semiconductors industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Semiconductors Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	88	2.03	3.93	1.54	19.21	16.31	-8.25	37.97	25.05	11.36	12.36	-12861.14	-5150.98	1.70	7.39	4.36	64.21
Technology Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	478	2.23	2.31	-4.61	9.24	3.36	-16.64	30.71	7.03	0.25	1.30	-22735.51	-4190.25	0.63	16.11	4.39	38.49

Social Sentiment for Beam Global

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
BEEM	7.00

Companies with the highest correlation to Beam Global

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Short Interest Score
BLDP \| Ballard Power Systems Inc	1.29	6.34	6.76	-6.12	9.15	-21.15	-53.14	30	-11.83	-21.83	-33.79	-29480.99	-394.85	11.2371
AMSC \| American Superconductor C	1.15	4.39	-6.75	-16.89	19.55	-14.74	-51.14	34	8.85	8.76	26.76	-2554.31	-2174.86	3.12524
SUNW \| Sunworks, Inc.	1.08	7.09	-3.21	-17.93	-17.03	-55.39	-49.67	20	-16.17	-17.38	-24.18	-28268.34	-914.63	8.00499
FCEL \| FuelCell Energy Inc NEW	1.07	3.83	-1.97	-11.57	14.62	-23.59	-54.43	35	-2.97	-8.25	-12.22	-18079.50	-686.38	8.46174
DDD \| 3D Systems Corp	1.06	5.21	1.28	-3.65	38.63	17.05	-35.26	38	12.27	11.07	23.18	-21708.19	-2674.90	7.53151
WWR \| Westwater Resources, Inc.	1.06	0.00	-3.45	19.15	27.27	-15.15	-38.80	70	3.05	-2.76	-11.83	-11391.50	-5049.03	0
GRWG \| GROW GENERATION CORP	1.06	4.73	-10.83	-18.24	-18.06	-13.45	-61.27	24	-16.09	-16.09	-20.93	-31634.18	-585.85	9.18296
PLUG \| Plug Power Inc.	1.05	6.27	-2.37	-20.77	-8.21	-55.69	-55.37	21	-24.87	-25.38	-40.36	-28835.25	-312.57	11.4654

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