SES AI (NYSE:SES) Stock Price Down 9.5% - Here's What Happened

Key Points

• SES AI Corporation's stock has decreased by 9.5%, trading at $3.21 after closing at $3.54, with a significant increase in trading volume.
• Analysts maintain a mixed outlook, with Weiss Ratings issuing a "sell (d-)" rating, while Cantor Fitzgerald set a target price of $2.00.
• The company's latest earnings report showed a loss of ($0.07) per share, missing expectations, and revenue of $3.53 million, below the forecast of $4.33 million.

SES AI Corporation (NYSE:SES - Get Free Report) fell 9.5% during mid-day trading on Thursday . The stock traded as low as $3.26 and last traded at $3.21. 30,047,317 shares changed hands during mid-day trading, an increase of 69% from the average session volume of 17,816,424 shares. The stock had previously closed at $3.54.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of SES AI in a research note on Wednesday, October 8th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $2.00 price target on shares of SES AI in a research note on Tuesday, June 24th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $2.00.

SES AI Stock Down 13.4%

The company's fifty day simple moving average is $1.59 and its 200 day simple moving average is $1.13. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -9.82 and a beta of 0.50.

SES AI (NYSE:SES - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The company 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. As a group, analysts anticipate that SES AI Corporation will post -0.23 earnings per share for the current year.

Hedge Funds Weigh In On SES AI

A number of institutional investors and hedge funds have recently modified their holdings of SES. Hudson Bay Capital Management LP bought a new position in shares of SES AI in the 2nd quarter worth $31,000. Vanguard Personalized Indexing Management LLC boosted its stake in SES AI by 136.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 38,006 shares of the company's stock worth $34,000 after purchasing an additional 21,934 shares during the period. Callan Family Office LLC bought a new position in SES AI in the 2nd quarter worth about $38,000. Y Intercept Hong Kong Ltd bought a new stake in shares of SES AI during the 2nd quarter valued at about $41,000. Finally, Signaturefd LLC bought a new stake in shares of SES AI during the 1st quarter valued at about $26,000. 29.78% of the stock is currently owned by institutional investors.

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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