SES AI (NYSE:SES) Stock Price Up 13.2% - Time to Buy?

Key Points

• SES AI Corporation's stock increased by 13.2%, rising from a previous close of $2.76 to $3.12, though trading volume fell significantly to 4 million shares, a 77% decline from the average.
• Analyst ratings are mixed, with one firm maintaining an "overweight" rating and a $2.00 price target, while another rated the stock as a "sell".
• The company recently reported a loss of ($0.07) EPS for the last quarter, missing estimates, and has set a fiscal year 2025 EPS guidance.

SES AI Corporation (NYSE:SES - Get Free Report) shares rose 13.2% during mid-day trading on Thursday . The stock traded as high as $2.95 and last traded at $3.12. Approximately 4,019,123 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 17,168,217 shares. The stock had previously closed at $2.76.

Analyst Ratings Changes

SES has been the topic of several recent analyst reports. Cantor Fitzgerald reissued an "overweight" rating and issued a $2.00 price target on shares of SES AI in a research note on Tuesday, June 24th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of SES AI in a research report on Wednesday. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $2.00.

SES AI Stock Performance

The stock has a market cap of $1.10 billion, a P/E ratio of -9.68 and a beta of 0.50. The company's 50 day moving average price is $1.39 and its 200-day moving average price is $1.04.

SES AI (NYSE:SES - Get Free Report) last issued 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, analysts forecast that SES AI Corporation will post -0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SES AI

A number of institutional investors have recently added to or reduced their stakes in SES. Hudson Bay Capital Management LP bought a new position in SES AI in the 2nd quarter valued at $31,000. Vanguard Personalized Indexing Management LLC grew 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 valued at $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 valued at $38,000. Y Intercept Hong Kong Ltd bought a new position in SES AI in the 2nd quarter valued at $41,000. Finally, Signaturefd LLC bought a new position in SES AI in the 1st quarter valued at $26,000. 29.78% of the stock is 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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