SES AI (NYSE:SES) Downgraded to "Sell" Rating by Wall Street Zen

SES AI (NYSE:SES - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Sunday.

Separately, Cantor Fitzgerald began coverage on shares of SES AI in a research report on Tuesday, May 20th. They issued an "overweight" rating and a $2.00 price target for the company.

SES AI Stock Performance

Shares of NYSE:SES opened at $1.03 on Friday. The company has a market cap of $377.86 million, a PE ratio of -4.48 and a beta of 0.41. SES AI has a 52 week low of $0.20 and a 52 week high of $2.53. The firm has a 50 day simple moving average of $0.80 and a 200 day simple moving average of $0.84.

SES AI (NYSE:SES - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.03. The firm had revenue of $5.79 million during the quarter, compared to analysts' expectations of $2.00 million. On average, equities analysts predict that SES AI will post -0.23 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in SES AI by 151.8% in the 4th quarter. JPMorgan Chase & Co. now owns 460,665 shares of the company's stock valued at $1,009,000 after buying an additional 277,688 shares during the period. Savant Capital LLC acquired a new position in shares of SES AI during the 4th quarter worth $66,000. Mariner LLC increased its stake in shares of SES AI by 117.3% during the 4th quarter. Mariner LLC now owns 83,931 shares of the company's stock worth $184,000 after purchasing an additional 45,303 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of SES AI during the 4th quarter worth $254,000. Finally, Bank of Montreal Can acquired a new position in shares of SES AI during the 4th quarter worth $48,000. Institutional investors and hedge funds own 29.78% of the company's stock.

About SES AI

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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