SES AI (NYSE:SES) Posts Earnings Results, Misses Expectations By $0.02 EPS

Key Points

• SES AI missed earnings estimates, reporting an EPS of ($0.07) compared to the consensus estimate of ($0.06).
• Despite the earnings miss, SES AI stock rose by 13.6% during mid-day trading, reaching $1.38.
• AQR Capital Management significantly increased its stake in SES AI by 2,314.7% in the first quarter, now owning about 0.31% of the company.

SES AI (NYSE:SES - Get Free Report) announced its quarterly earnings data on Monday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.02), Zacks reports. The company had revenue of $3.53 million during the quarter, compared to analyst estimates of $4.33 million. SES AI updated its FY 2025 guidance to EPS.

SES AI Stock Down 23.7%

NYSE:SES traded down $0.33 on Tuesday, hitting $1.05. The stock had a trading volume of 12,045,054 shares, compared to its average volume of 19,410,752. The stock has a market cap of $383.36 million, a price-to-earnings ratio of -3.55 and a beta of 0.42. The business's 50-day simple moving average is $1.00 and its two-hundred day simple moving average is $0.87. SES AI has a 52-week low of $0.20 and a 52-week high of $2.53.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wall Street Zen lowered SES AI from a "hold" rating to a "sell" rating in a report on Sunday, June 8th. Cantor Fitzgerald reissued an "overweight" rating and set a $2.00 price objective on shares of SES AI in a research note on Tuesday, June 24th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SES AI stock. AQR Capital Management LLC boosted its holdings in shares of SES AI Corporation (NYSE:SES - Free Report) by 2,314.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,138,003 shares of the company's stock after purchasing an additional 1,090,875 shares during the quarter. AQR Capital Management LLC owned about 0.31% of SES AI worth $593,000 at the end of the most recent quarter. Institutional investors own 29.78% of the company's stock.

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.