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Beam Global (NASDAQ: BEEM), a sustainable technology innovation company, has seen its stock price descend to $1.85, hovering near its 52-week low of $1.71. According to InvestingPro data, the stock's RSI suggests oversold conditions, with the company maintaining a healthy balance sheet showing more cash than debt. This latest price level reflects a significant downturn, with InvestingPro data showing a 71.9% decline over the past year. Investors are closely monitoring the stock as it navigates through a period of volatility, with analysts revising earnings expectations downward. The company, known for its solar-powered charging systems for electric vehicles, faces challenges with weak gross profit margins of 9% and negative EBITDA of -$12.13M, though it maintains a strong current ratio of 2.35. For deeper insights into BEEM's valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, which covers over 1,400 US stocks with detailed analysis and actionable intelligence.
In other recent news, Beam Global has completed a separation agreement with its former Vice President of Sales and Marketing, Sandra Peterson. This agreement became effective on January 20, 2025, following her resignation announced in October 2024. Under the terms, Peterson will receive a severance payment of $18,750 and is entitled to commissions for sales completed before her departure. The company has also extended the exercise period of her stock options until the end of 2025. The agreement includes a general release of claims, non-disclosure, and non-solicitation provisions. Both parties have agreed to a mutual non-disparagement clause. This development is part of Beam Global's organizational changes. The details are documented in the company's recent SEC filing.
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