Is Beam Global Stock About to Get Hot Friday?

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BEAM ($NASDAQ:BEEM) Global is a leading spirits company with a portfolio of well-known brands including Jim Beam, Maker’s Mark, and Knob Creek. The company has been under pressure lately, with its stock price falling sharply in recent weeks.

However, there could be some relief on the horizon, as Friday could see a rebound in the stock price. BEAM Global has been facing headwinds recently, but Friday could be a turning point. The market has been down on the stock, but there could be some good news on the horizon. If the stock price rebounds on Friday, it could be a sign that the company is starting to turn things around.

Share Price

On Monday, shares of Beam Global opened at $12.2 and closed at $12.5, up by 2.5% from the prior closing price of $12.2. The company is scheduled to report its fourth quarter earnings on Friday, and investors are hoping for another strong performance. Beam Global has beat earnings estimates in each of the past three quarters, and analysts are expecting another beat this quarter. If the company can deliver another strong earnings report, it is likely that the stock will continue its upward trend.

Investors will be looking for guidance on the company’s outlook for the rest of the year, as well as any updates on its plans to spin off its wine business. The stock is a bargain at its current price, and is poised to move higher on Friday.

VI Analysis

Investors often rely on a company’s financial statements to get a picture of its long-term potential.

However, VI app has found that BEAM GLOBAL’s financial statements contain 5 risk warnings that could indicate trouble down the road. In particular, the company’s income sheet, balance sheet, and cash flow statement all contain warnings that could signal financial problems.

Additionally, VI app has also detected risk warnings in the company’s non-financial and financial journal entries. While this does not necessarily mean that BEAM GLOBAL is a bad investment, it does indicate that there are some risks to be aware of before investing.

Summary

Beam Global Spirits & Wine, Inc. produces and sells branded distilled spirits products in the United States and internationally. The company operates in two segments, Branded Distilled Spirits and Wine. It offers distilled spirits products under the Jim Beam, Maker’s Mark, Sauza, Pinnacle, Canadian Club, Courvoisier, Teacher’s, Laphroaig, Hornitos, Knob Creek, Basil Hayden’s, DEKUYPER, Larios, Calvert, Skinnygirl, Cruzan, and Hornitos brands. The company sells wine products under the Clos du Bois, Virgin Vineyards, Geyser Peak, Wild Horse, Black Box, Chateau St. Jean, Columbia Crest, Covey Run, Castle Rock, J. Lohr, and Seven Oaks brands. Beam Global Spirits & Wine, Inc. is a publicly traded company with operations in the United States and internationally. BEAM trades on the New York Stock Exchange under the ticker symbol “BEAM”. The company produces and sells branded distilled spirits products under various labels including Jim Beam, Maker’s Mark, Sauza, Pinnacle, Canadian Club, Courvoisier, Teacher’s, Laphroaig, Hornitos, Knob Creek, Basil Hayden’s, DEKUYPER, Larios, Calvert, Skinnygirl, Cruzan, and Hornitos.

In addition, the company sells wine products under the Clos du Bois, Virgin Vineyards, Geyser Peak, Wild Horse, Black Box, Chateau St. Jean, Columbia Crest, Covey Run, Castle Rock, J. Lohr, and Seven Oaks brands. Looking ahead, BEAM is focused on driving growth through innovation and continued investment in its brands. The company is also working to expand its global reach through a combination of organic growth and strategic acquisitions. This acquisition is expected to help BEAM expand its footprint in the North American packaging market and provide a platform for future growth. Given the company’s focus on growth initiatives and its strong financial position , Beam Global could be an interesting investment option for investors looking for exposure to the alcoholic beverages industry.