SES AI (NYSE:SES) Given "Overweight" Rating at Cantor Fitzgerald

SES AI (NYSE:SES - Get Free Report)'s stock had its "overweight" rating restated by equities research analysts at Cantor Fitzgerald in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $2.00 target price on the stock. Cantor Fitzgerald's target price indicates a potential upside of 122.47% from the company's current price.

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

SES AI Stock Down 4.6%

Shares of SES AI stock traded down $0.04 on Tuesday, hitting $0.90. The company's stock had a trading volume of 7,870,976 shares, compared to its average volume of 13,423,208. The company has a market capitalization of $329.80 million, a P/E ratio of -3.01 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 fifty day moving average price of $0.90 and a 200-day moving average price of $0.89.

SES AI (NYSE:SES - Get Free Report) last released 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 business had revenue of $5.79 million during the quarter, compared to analyst estimates of $2.00 million. As a group, analysts expect that SES AI will post -0.23 earnings per share for the current year.

Hedge Funds Weigh In On SES AI

Institutional investors and hedge funds have recently made changes to their positions in the business. Brevan Howard Capital Management LP bought a new position in SES AI during the 4th quarter valued at $25,000. CIBC Asset Management Inc acquired a new stake in shares of SES AI in the 4th quarter valued at about $25,000. Cibc World Markets Corp bought a new position in shares of SES AI during the fourth quarter worth about $27,000. SBI Securities Co. Ltd. acquired a new position in SES AI in the fourth quarter worth about $30,000. Finally, BNP Paribas Financial Markets bought a new stake in SES AI in the fourth quarter valued at about $44,000. 29.78% of the stock is currently owned by hedge funds and other institutional investors.

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.