BEEM STOCK YAHOO SERIES

While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Īhead of this earnings release, the estimate revisions trend for Beam Global: mixed. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. While Beam Global has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.īeam Global shares have lost about 1.6% since the beginning of the year versus the S&P 500's decline of -2.8%. The company has topped consensus revenue estimates three times over the last four quarters. This compares to year-ago revenues of $2.2 million. This article has been updated to reflect new information from Beam, and to reflect Drover AI’s involvement in Beam’s new safety features.Beam Global, which belongs to the Zacks Automotive - Original Equipment industry, posted revenues of $3.49 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 19.21%. “Our goal is to shift ‘single-person journeys’ onto shared small electric vehicles, which are step function more environmentally friendly for cities and cost-efficient for consumers,” Jiang told TechCrunch. Micromobility is broadly being recognized as an indispensable mode of transport almost all over Asia, with the corresponding regulatory frameworks getting more mature, he noted. When asked about tightening regulations on micromobility in some Asian countries, Jiang told TechCrunch that Beam works very closely with regulators in all geographies the company operates in to provide safe and sustainable shared micromobility, adding that Beam rebalances vehicle assets between geographies depending on deployment opportunities. Image Credits: Beamīeam’s revenue has seen 15x growth since 2020, according to Jiang, despite experiencing mobility restrictions caused by the COVID-19 pandemic, though the CEO didn’t provide a baseline for that growth. The company initially will be piloting the onboard camera technology, which is developed in collaboration with Drover AI, the computer vision startup working with Spin and Helbiz on similar tech. European operator Voi is doing the same with Luna in the U.K.īeam’s MARS technology. The next-gen scooter will come with an updated version of Beam’s safety platform, dubbed Micromobility Augmented Riding Safety (MARS), which helps protect pedestrians and enhance local governments’ control over where e-vehicles can park or ride, said Jiang.Įxisting technologies within the platform include dead reckoning and on-edge geofencing, but the fifth-generation Saturns will have a feature called Beam Pedestrian Shield, “an onboard AI camera that can instantly and accurately detect pedestrians to prevent collisions and detect footpaths to automatically reduce vehicle speed or even prevent riding completely,” according to Deb Gangopadhyay, chief technology officer of Beam.īeam says its onboard camera with computer vision will be rolling out at scale by Q3 this year. In addition, the new capital will enable Beam to spur its deployment of a new fifth-generation Beam Saturn e-scooter, which the company intends to start rolling out in the second half of this year.

BEEM STOCK YAHOO SERIES

The Series B brings Beam’s valuation up into the triple digits, according to Beam CEO and co-founder Alan Jiang, who declined to provide exact numbers.īeam, which currently operates e-scooters and e-bikes in 35 cities across Malaysia, Thailand, South Korea, Australia and New Zealand, aims to spread into markets like Japan, Indonesia, the Philippines, Vietnam and Turkey. The fresh capital, which brings its total funding raised to $135 million, was led by Affirma Capital with participation from Sequoia Capital India, Hana Ventures, ICT Capital, EDB Investment (EDBI), AC Ventures, RTP Global and Momentum Venture Capital. Beam, a Singaporean shared micromobility operator, announced today that it has raised $93 million in a Series B round to accelerate growth into new countries in Asia.

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