SES AI (NYSE:SES) Shares Up 0.2% - Here's Why

Key Points

• SES AI shares rose 0.2% to about $0.52 in mid-day trading, with roughly 9.1 million shares changing hands—below the average volume.
• Analyst sentiment remains mixed, with a consensus rating of Hold and an average price target of $2.55; recent ratings included upgrades from “strong sell” to “sell” and from “sell (e+)” to “sell (d-).”
• SES AI met quarterly EPS expectations at a loss of $0.04 but reported revenue of $5.07 million, below the $5.60 million estimate. The company continues to post significant losses, including a negative net margin of 289.64%.

SES AI Corporation (NYSE:SES - Get Free Report) shot up 0.2% during mid-day trading on Tuesday . The company traded as high as $0.53 and last traded at $0.5207. Approximately 9,053,001 shares traded hands during trading, a decline of 29% from the average session volume of 12,754,010 shares. The stock had previously closed at $0.5197.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of SES AI from a "strong sell" rating to a "sell" rating in a report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft set a $1.10 price target on SES AI in a research report on Wednesday, August 12th. Finally, Weiss Ratings upgraded SES AI from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, August 25th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $2.55.

SES AI Stock Performance

The stock has a market cap of $193.33 million, a PE ratio of -2.60 and a beta of 1.00. The firm has a 50-day moving average price of $0.65 and a 200-day moving average price of $1.01.

SES AI (NYSE:SES - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). The company had revenue of $5.07 million during the quarter, compared to the consensus estimate of $5.60 million. SES AI had a negative net margin of 289.64% and a negative return on equity of 26.21%. As a group, sell-side analysts anticipate that SES AI Corporation will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. lifted its holdings in shares of SES AI by 35.1% during the third quarter. Raymond James Financial Inc. now owns 20,268 shares of the company's stock valued at $34,000 after purchasing an additional 5,268 shares in the last quarter. Mariner LLC increased its holdings in SES AI by 89.4% in the 4th quarter. Mariner LLC now owns 21,253 shares of the company's stock worth $38,000 after buying an additional 10,031 shares in the last quarter. Bank of Montreal Can increased its holdings in SES AI by 56.1% in the 4th quarter. Bank of Montreal Can now owns 57,893 shares of the company's stock worth $104,000 after buying an additional 20,807 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in SES AI in the 4th quarter worth about $38,000. Finally, LPL Financial LLC raised its position in SES AI by 82.9% in the 4th quarter. LPL Financial LLC now owns 48,207 shares of the company's stock worth $87,000 after buying an additional 21,847 shares during the last quarter. Hedge funds and other institutional investors own 29.78% of the company's stock.

SES AI Company Profile

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.

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