SES AI (NYSE:SES) Trading Down 6% - Here's Why

Key Points

• SES AI Corporation's stock price fell by 6%, trading at $1.49, with trading volume down 74% compared to its average daily volume.
• Analysts have set a target price of $2.00 for SES AI shares, though the company recently missed earnings expectations, reporting a loss of ($0.07) per share against a consensus estimate of ($0.05).
• Institutional investors have notably increased their stakes in SES AI, with Squarepoint Ops LLC and Two Sigma Investments LP boosting their positions significantly during the last quarter.

SES AI Corporation (NYSE:SES - Get Free Report) fell 6% during trading on Friday . The stock traded as low as $1.50 and last traded at $1.49. 4,335,238 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 16,852,336 shares. The stock had previously closed at $1.58.

Analyst Ratings Changes

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

SES AI Stock Up 17.4%

The firm has a fifty day moving average of $1.16 and a 200 day moving average of $0.91.

SES AI (NYSE:SES - Get Free Report) last released 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 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 analysts expect that SES AI Corporation will post -0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On SES AI

Hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new stake in shares of SES AI during the fourth quarter worth about $44,000. Hudson Bay Capital Management LP acquired a new stake in SES AI during the 2nd quarter worth $31,000. ProShare Advisors LLC increased its stake in SES AI by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 36,677 shares of the company's stock valued at $80,000 after purchasing an additional 12,068 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in shares of SES AI by 136.5% in the second 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. Finally, Callan Family Office LLC purchased a new position in shares of SES AI during the second quarter worth about $38,000. 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.