BEEM Stock Slides Close to 52-Week Low, Backlog Stands at $9 Million
Beam Global stock slipped in midday U.S. trading Friday, staying near its 12-month low. Investors looked at a soft first quarter, while management said orders are now starting to turn into sales. BEEM shares traded near $1.42 after ending Thursday at $1.44. Trading data from Robinhood showed the stock moving in a $1.39 to $1.49 band Friday. Market cap sat at roughly $31.5 million and volume stayed less than normal.