SES AI (NYSE:SES) Earns "Overweight" Rating from Cantor Fitzgerald

SES AI (NYSE:SES - Get Free Report)'s stock had its "overweight" rating restated by research analysts at Cantor Fitzgerald in a report released on Tuesday,Benzinga reports. They currently have a $2.00 target price on the stock. Cantor Fitzgerald's target price points to a potential upside of 139.55% from the company's current price.

Separately, Wall Street Zen lowered shares of SES AI from a "hold" rating to a "sell" rating in a research report on Sunday, June 8th.

SES AI Stock Performance

Shares of SES stock opened at $0.83 on Tuesday. SES AI has a 52 week low of $0.20 and a 52 week high of $2.53. The firm's 50-day simple moving average is $0.89 and its two-hundred day simple moving average is $0.89. The firm has a market cap of $306.28 million, a price-to-earnings ratio of -2.78 and a beta of 0.42.

SES AI (NYSE:SES - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported ($0.04) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.03. The business had revenue of $5.79 million for the quarter, compared to the consensus estimate of $2.00 million. Analysts forecast that SES AI will post -0.23 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Brevan Howard Capital Management LP bought a new position in SES AI during the 4th quarter worth approximately $25,000. CIBC Asset Management Inc purchased a new stake in shares of SES AI during the fourth quarter valued at approximately $25,000. Cibc World Markets Corp bought a new position in shares of SES AI in the fourth quarter worth approximately $27,000. SBI Securities Co. Ltd. purchased a new position in shares of SES AI in the fourth quarter worth $30,000. Finally, BNP Paribas Financial Markets bought a new stake in SES AI during the 4th quarter valued at $44,000. 29.78% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.