Stock analysts at Cantor Fitzgerald began coverage on shares of SES AI (NYSE:SES - Get Free Report) in a report released on Tuesday, MarketBeat Ratings reports. The brokerage set an "overweight" rating and a $2.00 price target on the stock. Cantor Fitzgerald's price objective suggests a potential upside of 110.42% from the stock's previous close. Cantor Fitzgerald also issued estimates for SES AI's FY2025 earnings at ($0.07) EPS.
SES AI Stock Performance
SES stock traded down $0.02 during trading on Tuesday, reaching $0.95. 8,855,461 shares of the company traded hands, compared to its average volume of 12,745,187. SES AI has a 12 month low of $0.20 and a 12 month high of $2.53. The business has a 50 day simple moving average of $0.73 and a 200 day simple moving average of $0.79. The company has a market capitalization of $348.69 million, a price-to-earnings ratio of -4.13 and a beta of 0.45.
SES AI (NYSE:SES - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.03. The company had revenue of $5.79 million for the quarter, compared to the consensus estimate of $2.00 million. As a group, research analysts forecast that SES AI will post -0.23 EPS 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 the stock. Brevan Howard Capital Management LP purchased a new stake in SES AI in the fourth quarter valued at about $25,000. CIBC Asset Management Inc acquired a new position in SES AI during the 4th quarter valued at approximately $25,000. Optas LLC acquired a new position in SES AI during the 4th quarter valued at approximately $27,000. Cibc World Markets Corp purchased a new position in shares of SES AI in the fourth quarter worth $27,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of SES AI during the fourth quarter worth $30,000. Institutional investors own 29.78% of the company's stock.
About SES AI
(
Get Free Report)
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.
Further Reading
Before you consider SES AI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SES AI wasn't on the list.
While SES AI currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
