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

Key Points

• SES AI Corporation's shares gapped up from $2.37 to $2.51 before trading at $2.53, with a trading volume of over 3.5 million shares.
• Wall Street analysts are mixed on SES AI, with an average rating of "Hold" and a predicted price target of $2.00, despite one analyst rating it as a Buy.
• SES AI reported a quarterly loss of ($0.07) per share and revenue of $3.53 million, missing analyst estimates, as the company continues to invest in high-performance Lithium-metal rechargeable batteries for electric vehicles.

SES AI Corporation (NYSE:SES - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $2.37, but opened at $2.51. SES AI shares last traded at $2.53, with a volume of 3,513,270 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of SES AI in a research report on Friday. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $2.00.

SES AI Trading Up 7.1%

The company has a 50 day moving average price of $1.80 and a 200 day moving average price of $1.23. The firm has a market cap of $928.56 million, a PE ratio of -8.18 and a beta of 0.50.

SES AI (NYSE:SES - Get Free Report) last announced 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 firm had revenue of $3.53 million during the quarter, compared to analyst estimates of $4.33 million. SES AI has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that SES AI Corporation will post -0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SES AI

Several institutional investors have recently modified their holdings of the company. Savant Capital LLC boosted its stake in shares of SES AI by 32.1% during the 2nd quarter. Savant Capital LLC now owns 58,118 shares of the company's stock worth $52,000 after acquiring an additional 14,118 shares in the last quarter. Sitrin Capital Management LLC lifted its stake in SES AI by 50.0% in the 2nd quarter. Sitrin Capital Management LLC now owns 60,000 shares of the company's stock valued at $53,000 after buying an additional 20,000 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in SES AI by 136.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 38,006 shares of the company's stock valued at $34,000 after buying an additional 21,934 shares during the last quarter. Invesco Ltd. grew 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 buying an additional 27,765 shares during the last quarter. Finally, Hudson Bay Capital Management LP acquired a new stake in SES AI during the 2nd quarter valued at $31,000. 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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