SES AI (NYSE:SES) Shares Gap Down - What's Next?

Key Points

• SES AI's share price gapped down, opening at $2.66 after a previous close of $2.84, and last traded at $2.47 with significant trading volume.
• Analysts have mixed opinions on SES AI, with a consensus rating of "Hold" and a price target of $2.00, while one firm has issued a "sell" rating and another an "overweight" rating.
• The company's recent quarterly earnings report showed a loss of ($0.07) EPS, missing the consensus estimate, alongside a revenue of $3.53 million which also fell short of expectations.

SES AI Corporation (NYSE:SES - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $2.84, but opened at $2.66. SES AI shares last traded at $2.47, with a volume of 6,581,680 shares.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SES. Weiss Ratings restated a "sell (d-)" rating on shares of SES AI in a research report on Wednesday, October 8th. Cantor Fitzgerald restated an "overweight" rating and issued a $2.00 price target on shares of SES AI in a research report on Tuesday, June 24th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, SES AI currently has a consensus rating of "Hold" and a consensus target price of $2.00.

SES AI Trading Down 17.6%

The stock has a market capitalization of $855.78 million, a P/E ratio of -7.55 and a beta of 0.50. The company's 50-day moving average is $1.74 and its two-hundred day moving average is $1.21.

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

Institutional Trading of SES AI

A number of hedge funds and other institutional investors have recently made changes to their positions in SES. CWM LLC raised its position in shares of SES AI by 1,427.9% during the 1st quarter. CWM LLC now owns 55,462 shares of the company's stock worth $29,000 after buying an additional 51,832 shares in the last quarter. Signaturefd LLC bought a new stake in shares of SES AI during the 1st quarter worth about $26,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of SES AI during the 1st quarter worth about $1,064,000. Charles Schwab Investment Management Inc. raised its position in shares of 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 worth $625,000 after buying an additional 151,420 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of SES AI by 1,537.2% during the 1st quarter. Invesco Ltd. now owns 892,494 shares of the company's stock worth $465,000 after buying an additional 837,982 shares in the last quarter. 29.78% of the stock is currently owned by 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.

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