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

Key Points

• SES AI's share price gapped up from $2.43 to $2.67 at the market open, closing at $2.78 with a trading volume of over 16 million shares.
• Weiss Ratings recently issued a "sell (d-)" rating on SES AI, while Cantor Fitzgerald maintains an "overweight" rating with a price objective of $2.00.
• The company reported a quarterly earnings miss, posting an EPS of ($0.07), below the consensus estimate of ($0.05), alongside revenue of $3.53 million against an expected $4.33 million.

SES AI Corporation (NYSE:SES - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $2.43, but opened at $2.67. SES AI shares last traded at $2.78, with a volume of 16,485,895 shares.

Analyst Ratings Changes

SES has been the topic of several analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of SES AI in a report on Saturday, September 27th. Cantor Fitzgerald restated an "overweight" rating and issued a $2.00 price objective on shares of SES AI in a research report on Tuesday, June 24th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, SES AI presently has a consensus rating of "Hold" and a consensus price target of $2.00.

SES AI Stock Performance

The firm's fifty day simple moving average is $1.33 and its 200 day simple moving average is $1.02. The stock has a market capitalization of $965.50 million, a price-to-earnings ratio of -8.54 and a beta of 0.50.

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 (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The firm 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 earnings per share for the current year.

Institutional Trading of SES AI

Several hedge funds and other institutional investors have recently modified their holdings of SES. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in SES AI during the 1st quarter worth approximately $1,064,000. AQR Capital Management LLC raised its holdings in shares of SES AI by 2,314.7% in the first quarter. AQR Capital Management LLC now owns 1,138,003 shares of the company's stock valued at $593,000 after purchasing an additional 1,090,875 shares during the last quarter. Invesco Ltd. lifted its position in shares of SES AI by 1,537.2% in the first quarter. Invesco Ltd. now owns 892,494 shares of the company's stock worth $465,000 after purchasing an additional 837,982 shares in the last quarter. Baird Financial Group Inc. acquired a new position in SES AI during the second quarter worth $689,000. Finally, XTX Topco Ltd bought a new position in SES AI in the second quarter valued at $676,000. Institutional investors and hedge funds own 29.78% of the company's stock.

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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