- Beam Global's 2024 revenue has doubled with a five-year CAGR of 68%.
- Analysts forecast substantial upside potential for BEEM, with a one-year target price reflecting a 212.50% increase.
- GuruFocus estimates a GF Value for Beam Global suggesting an outstanding potential upside of 1063.07% from current levels.
Beam Global (NASDAQ: BEEM) has unveiled its fiscal results for 2024, showcasing a remarkable revenue growth, which doubled to $49.3 million. This surge is underpinned by a robust five-year Compound Annual Growth Rate (CAGR) of 68%, attributed to strategic cost reductions and innovative product rollouts. Despite incurring an operating loss of $11.7 million, Beam remains optimistic about achieving positive cash flow by 2025, with a strategic focus on international expansion and continuous product innovation.
Wall Street Analysts Forecast
In alignment with the insights from four seasoned analysts, Beam Global's stock is projected to reach an average target price of $5.50 within the next year. This forecast presents a high estimate of $7.00 and a low estimate of $5.00, implying an impressive upside potential of 212.50% from its current trading price of $1.76. For a more comprehensive breakdown of these estimates, visit the Beam Global (BEEM, Financial) Forecast page.
The brokerage community's consensus further bolsters Beam Global's prospects, with a collective average recommendation rating of 2.2, categorizing the stock under the "Outperform" status. This rating is derived from a scale where 1 signifies a Strong Buy and 5 indicates a Sell, reinforcing investor confidence in BEEM's performance outlook.
Moreover, according to GuruFocus analytics, Beam Global's estimated GF Value stands at an ambitious $20.47 for the coming year. This estimate indicates a staggering upside of 1063.07% from the current stock price of $1.76. The GF Value is a calculated estimation of the stock's fair trading price, influenced by historical trading multiples, past growth metrics, and future business performance projections. For further insights, refer to the Beam Global (BEEM, Financial) Summary page.
