Equities research analysts at Cantor Fitzgerald initiated coverage on shares of SES AI (NYSE:SES - Get Free Report) in a report issued on Tuesday, MarketBeat reports. The firm set an "overweight" rating and a $2.00 price target on the stock. Cantor Fitzgerald's target price indicates a potential upside of 132.80% from the stock's previous close.
SES AI Trading Down 8.3%
Shares of SES stock opened at $0.86 on Tuesday. The stock has a market capitalization of $315.16 million, a price-to-earnings ratio of -3.74 and a beta of 0.45. SES AI has a 12-month low of $0.20 and a 12-month high of $2.53. The stock's 50-day moving average price is $0.70 and its 200-day moving average price is $0.78.
SES AI (NYSE:SES - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.03. The firm had revenue of $5.79 million for the quarter, compared to the consensus estimate of $2.00 million. As a group, research analysts predict that SES AI will post -0.23 EPS for the current fiscal year.
Institutional Trading of SES AI
A number of institutional investors have recently bought and sold shares of SES. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of SES AI in the 1st quarter worth about $1,064,000. AQR Capital Management LLC lifted its stake in SES AI by 2,314.7% in the first quarter. AQR Capital Management LLC now owns 1,138,003 shares of the company's stock worth $593,000 after purchasing an additional 1,090,875 shares during the last quarter. Invesco Ltd. boosted its position in shares of SES AI by 1,537.2% during the first quarter. Invesco Ltd. now owns 892,494 shares of the company's stock valued at $465,000 after buying an additional 837,982 shares during the period. HITE Hedge Asset Management LLC bought a new position in shares of SES AI during the first quarter valued at approximately $339,000. Finally, Vanguard Group Inc. grew its stake in shares of SES AI by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 7,847,316 shares of the company's stock valued at $17,186,000 after buying an additional 608,676 shares during the last quarter. 29.78% of the stock is currently owned by institutional investors.
SES AI Company Profile
(
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.
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