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Beam Global Earnings Forecast Shows Positive Trend Ahead

Beam Global is expected to report a quarterly earnings increase, projecting a 23.81% growth in EPS. This positive earning trend, combined with consistent previous performances, indicates potential positive movement in stock prices.

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AI Rating:   7

Earnings Per Share (EPS): Beam Global is forecasted to report an EPS of $-0.16, which signifies a 23.81% increase compared to the same quarter last year. This growth in EPS, even though it is still negative, showcases a positive direction and reflects potential operational improvements or increased demand for their products.

Performance Trend: The company has beaten expectations in three of the last four quarters, which can build investor confidence, signaling a pattern of strong operational execution or an improving market situation. Consistent performance can lead to increased investment interest in the stock.

Price to Earnings Ratio: The current Price to Earnings ratio is reported at -2.45 compared to an industry average of 91.30, indicating a substantial discount relative to its peers. This might attract value investors looking for opportunities in undervalued stocks.

Short Interest: The days to cover for Beam Global exceeds 15 days, signaling a higher short interest level. This could lead to increased volatility, especially if positive earnings results lead to a short squeeze.

Overall, while the EPS remains in the negative territory, the projected growth suggests potential recovery. Positive investor sentiment stemming from consistent previous performances and a significant valuation gap may lead to upward pressure on the stock price in the near term, making it a noteworthy consideration for investors.