SES AI (NYSE:SES) Sets New 1-Year High - Time to Buy?

Key Points

• SES AI Corporation's stock reached a new 52-week high of $3.77, closing at $3.36 with significant trading volume of 3,755,408 shares.
• Analysts currently have a mixed view on SES AI, with an average rating of "Hold" and a price target of $2.00; one firm has rated it as a Buy while another has issued a Sell rating.
• The company reported a quarterly earnings miss, with an EPS of ($0.07) against an expected ($0.05), alongside revenue of $3.53 million, below the consensus estimate of $4.33 million.

Shares of SES AI Corporation (NYSE:SES - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $3.77 and last traded at $3.36, with a volume of 3755408 shares trading hands. The stock had previously closed at $3.35.

Analyst Upgrades and Downgrades

A number of analysts have commented on SES shares. Cantor Fitzgerald reiterated an "overweight" rating and issued a $2.00 price objective on shares of SES AI in a report on Tuesday, June 24th. Weiss Ratings reissued a "sell (d-)" rating on shares of SES AI in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, SES AI presently has an average rating of "Hold" and an average target price of $2.00.

SES AI Stock Performance

The company has a market cap of $1.18 billion, a PE ratio of -10.84 and a beta of 0.50. The company's 50-day simple moving average is $1.50 and its 200 day simple moving average is $1.10.

SES AI (NYSE:SES - Get Free Report) last issued 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 business had revenue of $3.53 million for the quarter, compared to the consensus estimate of $4.33 million. SES AI has set its FY 2025 guidance at EPS. Analysts forecast that SES AI Corporation will post -0.23 EPS for the current year.

Hedge Funds Weigh In On SES AI

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hudson Bay Capital Management LP acquired a new stake in shares of SES AI in the 2nd quarter valued at $31,000. Tower Research Capital LLC TRC raised its holdings in shares of SES AI by 225.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 93,051 shares of the company's stock valued at $83,000 after purchasing an additional 64,461 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of SES AI in the 2nd quarter valued at $205,000. Baird Financial Group Inc. acquired a new stake in shares of SES AI in the 2nd quarter valued at $689,000. Finally, Invesco Ltd. raised its holdings in shares of SES AI by 3.1% in the 2nd quarter. Invesco Ltd. now owns 920,259 shares of the company's stock valued at $817,000 after purchasing an additional 27,765 shares in the last quarter. Hedge funds and other 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.

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