SES AI (NYSE:SES) Shares Gap Up - Still a Buy?

Key Points

• SES AI shares experienced a significant increase, gapping up from $1.58 to $1.71 before closing at $1.77, with a volume of over 12 million shares traded.
• Analyst ratings vary, with Cantor Fitzgerald maintaining an "overweight" rating and a $2.00 price target, while Wall Street Zen downgraded the stock from "hold" to "sell." The consensus target price remains at $2.00.
• The company reported a quarterly loss of $0.07 per share, missing analyst expectations, while revenue was also below estimates at $3.53 million compared to a forecast of $4.33 million.

SES AI Corporation (NYSE:SES - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $1.58, but opened at $1.71. SES AI shares last traded at $1.77, with a volume of 12,293,887 shares traded.

Analyst Ratings Changes

A number of brokerages recently issued reports on SES. Cantor Fitzgerald reissued an "overweight" rating and set a $2.00 price target on shares of SES AI in a report on Tuesday, June 24th. Wall Street Zen cut SES AI from a "hold" rating to a "sell" rating in a research report on Sunday, June 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, SES AI currently has an average rating of "Buy" and a consensus target price of $2.00.

SES AI Trading Up 16.1%

The firm has a 50-day moving average of $1.16 and a 200 day moving average of $0.91. The stock has a market capitalization of $671.10 million, a price-to-earnings ratio of -5.92 and a beta of 0.40.

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 company 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, research analysts forecast that SES AI Corporation will post -0.23 EPS for the current year.

Institutional Investors Weigh In On SES AI

Several hedge funds and other institutional investors have recently bought and sold shares of SES. Northern Trust Corp increased its holdings in SES AI by 2.1% during the 4th quarter. Northern Trust Corp now owns 1,130,744 shares of the company's stock worth $2,476,000 after purchasing an additional 23,249 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of SES AI in the 4th quarter valued at approximately $44,000. Bank of America Corp DE increased its holdings in shares of SES AI by 24.9% in the 4th quarter. Bank of America Corp DE now owns 114,881 shares of the company's stock valued at $252,000 after acquiring an additional 22,883 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of SES AI by 117.5% in the 4th quarter. Deutsche Bank AG now owns 195,291 shares of the company's stock valued at $428,000 after acquiring an additional 105,484 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of SES AI by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 36,677 shares of the company's stock valued at $80,000 after acquiring an additional 12,068 shares during the last quarter. 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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