SES AI (NYSE:SES) Stock Price 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)'s share price was down 6% during mid-day trading on Friday . The company traded as low as $1.50 and last traded at $1.49. Approximately 4,335,238 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 16,852,336 shares. The stock had previously closed at $1.58.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SES shares. Cantor Fitzgerald restated an "overweight" rating and issued a $2.00 target price on shares of SES AI in a research note on Tuesday, June 24th. Wall Street Zen lowered SES AI from a "hold" rating to a "sell" rating in a research note on Sunday, June 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $2.00.

SES AI Stock Performance

The business's 50-day moving average price is $1.14 and its 200 day moving average price is $0.90. The company has a market cap of $553.70 million, a P/E ratio of -4.85 and a beta of 0.40.

SES AI (NYSE:SES - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates 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. Equities research analysts forecast that SES AI Corporation will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On SES AI

Hedge funds have recently modified their holdings of the company. Squarepoint Ops LLC increased its position in SES AI by 159.2% in the 4th quarter. Squarepoint Ops LLC now owns 160,926 shares of the company's stock valued at $352,000 after acquiring an additional 98,834 shares during the period. Two Sigma Investments LP increased its position in shares of SES AI by 666.4% during the fourth quarter. Two Sigma Investments LP now owns 513,010 shares of the company's stock valued at $1,123,000 after acquiring an additional 446,073 shares during the last quarter. Invesco Ltd. increased its position in 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 buying an additional 837,982 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of SES AI by 2.1% in the fourth quarter. Northern Trust Corp now owns 1,130,744 shares of the company's stock worth $2,476,000 after acquiring an additional 23,249 shares during the period. Finally, ProShare Advisors LLC boosted its stake in SES AI by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 36,677 shares of the company's stock valued at $80,000 after buying an additional 12,068 shares during the period. Institutional investors and hedge funds 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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