SES AI (NYSE:SES) Shares Gap Down - Should You Sell?

Key Points

• SES AI Corporation's stock price gapped down from $1.90 to $1.74 before trading at $1.84, reflecting a 5.5% decline.
• Analysts have mixed ratings for SES AI, with Cantor Fitzgerald maintaining an "overweight" rating and a price target of $2.00, while Wall Street Zen downgraded it to "sell."
• The company reported a quarterly earnings miss with a loss of ($0.07) per share and revenue of $3.53 million, falling short of expectations.

SES AI Corporation (NYSE:SES - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $1.90, but opened at $1.74. SES AI shares last traded at $1.84, with a volume of 5,206,058 shares changing hands.

Analysts Set New Price Targets

SES has been the subject of a number of recent analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $2.00 target price on shares of SES AI in a research report on Tuesday, June 24th. Wall Street Zen downgraded SES AI from a "hold" rating to a "sell" rating in a research report on Sunday, June 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $2.00.

SES AI Stock Down 5.5%

The company has a 50-day moving average of $1.21 and a 200 day moving average of $0.94. The firm has a market capitalization of $656.47 million, a PE ratio of -5.79 and a beta of 0.40.

SES AI (NYSE:SES - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.02). The firm had revenue of $3.53 million during the quarter, compared to analysts' expectations of $4.33 million. SES AI has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that SES AI Corporation will post -0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On SES AI

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of SES AI in the 1st quarter worth about $1,064,000. Charles Schwab Investment Management Inc. boosted its holdings in SES AI by 14.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,200,895 shares of the company's stock valued at $625,000 after acquiring an additional 151,420 shares during the period. AQR Capital Management LLC boosted its holdings in SES AI by 2,314.7% during the 1st quarter. AQR Capital Management LLC now owns 1,138,003 shares of the company's stock valued at $593,000 after acquiring an additional 1,090,875 shares during the period. Invesco Ltd. boosted its holdings in SES AI by 3.1% during the 2nd quarter. Invesco Ltd. now owns 920,259 shares of the company's stock valued at $817,000 after acquiring an additional 27,765 shares during the period. Finally, Baird Financial Group Inc. purchased a new stake in SES AI during the 2nd quarter valued at about $689,000. 29.78% of the stock is currently owned by hedge funds and other 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.

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