SES AI (NYSE:SES) Earns "Sell (D-)" Rating from Weiss Ratings

Key Points

• SES AI's stock has received a "sell (D-)" rating from Weiss Ratings, which indicates ongoing concerns about the company's performance.
• The company reported earnings of ($0.07) EPS for the last quarter, falling short of the consensus estimate and generating $3.53 million in revenue against expectations of $4.33 million.
• Institutional investors hold 29.78% of SES AI's stock, with several hedge funds acquiring new stakes or increasing their holdings in the second quarter.

SES AI (NYSE:SES - Get Free Report)'s stock had its "sell (d-)" rating reiterated by analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

SES AI Stock Performance

Shares of SES AI stock opened at $2.54 on Friday. The firm has a market capitalization of $927.10 million, a price-to-earnings ratio of -8.18 and a beta of 0.50. SES AI has a fifty-two week low of $0.20 and a fifty-two week high of $3.73. The stock has a 50 day moving average of $1.83 and a 200 day moving average of $1.24.

SES AI (NYSE:SES - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The firm had revenue of $3.53 million during the quarter, compared to analyst estimates of $4.33 million. SES AI has set its FY 2025 guidance at EPS. Analysts forecast that SES AI will post -0.23 EPS for the current year.

Institutional Trading of SES AI

Hedge funds have recently modified their holdings of the stock. Hudson Bay Capital Management LP acquired a new stake in shares of SES AI in the second quarter valued at $31,000. Vanguard Personalized Indexing Management LLC raised its stake in SES AI by 136.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 38,006 shares of the company's stock valued at $34,000 after buying an additional 21,934 shares in the last quarter. Callan Family Office LLC acquired a new stake in SES AI in the second quarter valued at $38,000. Y Intercept Hong Kong Ltd acquired a new stake in SES AI in the second quarter valued at $41,000. Finally, Signaturefd LLC acquired a new stake in SES AI in the first quarter valued at $26,000. 29.78% of the stock is currently owned by institutional investors and hedge funds.

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.