SES AI (NYSE:SES) Stock Price Down 4.6% - Time to Sell?

Key Points

• SES AI Corporation shares fell by 4.6%, trading at $2.37, with a significant drop in trading volume of 89% from its average.
• Weiss Ratings reiterated a "sell (d-)" rating on SES AI, and the stock holds an average rating of "Hold" with a price target of $2.00.
• SES AI reported a quarterly loss per share of ($0.07), missing estimates, and projects an EPS of -0.23 for the current year.

Shares of SES AI Corporation (NYSE:SES - Get Free Report) dropped 4.6% on Thursday . The company traded as low as $2.40 and last traded at $2.37. Approximately 1,908,333 shares changed hands during trading, a decline of 89% from the average daily volume of 18,005,188 shares. The stock had previously closed at $2.48.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of SES AI in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $2.00.

SES AI Stock Performance

The firm's fifty day moving average is $1.77 and its two-hundred day moving average is $1.22. The company has a market cap of $868.59 million, a P/E ratio of -7.63 and a beta of 0.50.

SES AI (NYSE:SES - Get Free Report) last announced 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 business had revenue of $3.53 million for the quarter, compared to analyst estimates of $4.33 million. SES AI has set its FY 2025 guidance at EPS. On average, equities research analysts expect that SES AI Corporation will post -0.23 EPS for the current year.

Institutional Trading of SES AI

Several hedge funds have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of SES AI in the first quarter worth about $1,064,000. AQR Capital Management LLC increased 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 worth $593,000 after purchasing an additional 1,090,875 shares during the last quarter. Invesco Ltd. grew its holdings in SES AI by 1,537.2% during the 1st quarter. Invesco Ltd. now owns 892,494 shares of the company's stock valued at $465,000 after buying an additional 837,982 shares in the last quarter. Baird Financial Group Inc. purchased a new position in SES AI during the 2nd quarter valued at approximately $689,000. Finally, XTX Topco Ltd purchased a new position in SES AI during the 2nd quarter valued at approximately $676,000. Hedge funds and other institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.