SES AI (NYSE:SES) Stock Price Down 1.9% - Here's What Happened

Key Points

• SES AI shares fell 1.9% to $0.5590 in mid-day trading, with volume reaching approximately 19.5 million shares—15% above the average.
• Analyst sentiment remains mixed, with the stock holding an average “Hold” rating and a $2.55 average price target. Price targets include Deutsche Bank’s $1.10 target, while Weiss Ratings downgraded the stock to “sell.”
• The company’s latest quarter met EPS expectations at a loss of $0.04 per share, but revenue of $5.07 million fell short of the $5.60 million consensus estimate; SES AI also reported steep negative margins and expects a full-year loss.

Shares of SES AI Corporation (NYSE:SES - Get Free Report) dropped 1.9% during mid-day trading on Tuesday . The company traded as low as $0.5296 and last traded at $0.5590. Approximately 19,466,549 shares were traded during trading, an increase of 15% from the average daily volume of 16,955,820 shares. The stock had previously closed at $0.57.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $1.10 price target on shares of SES AI in a report on Wednesday, August 12th. Weiss Ratings lowered shares of SES AI from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Tuesday, September 8th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $2.55.

SES AI Price Performance

The stock's 50 day simple moving average is $0.56 and its two-hundred day simple moving average is $0.89. The stock has a market cap of $207.55 million, a price-to-earnings ratio of -2.79 and a beta of 1.00.

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

Institutional Investors Weigh In On SES AI

A number of institutional investors have recently added to or reduced their stakes in SES. CTC Alternative Strategies Ltd. bought a new stake in shares of SES AI in the 1st quarter valued at approximately $26,000. State of Wyoming bought a new position in shares of SES AI during the 1st quarter worth approximately $26,000. Kingsview Wealth Management LLC bought a new position in shares of SES AI during the 4th quarter worth approximately $60,000. SummitTX Capital L.P. acquired a new stake in SES AI in the 1st quarter valued at $33,000. Finally, SG Americas Securities LLC boosted its stake in SES AI by 251.4% in the 1st quarter. SG Americas Securities LLC now owns 50,836 shares of the company's stock valued at $49,000 after buying an additional 36,371 shares in the last quarter. 29.78% of the stock is owned by institutional investors and hedge funds.

SES AI Company Profile

SES AI Corporation is a battery technology company developing high-performance lithium-metal batteries and related technologies for electric vehicles and other applications. The company combines battery engineering with artificial intelligence and materials science to accelerate the discovery, design and manufacturing of new battery materials.

Its product portfolio includes the Apollo lithium-metal battery platform, designed for automotive use, as well as Hermes, an artificial intelligence-powered materials discovery and development platform.

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