SES AI (NYSE:SES) Shares Up 16.5% - Should You Buy?

Key Points

• SES AI Corporation's stock price surged 16.5% to $1.38, with a trading volume of 13,289,059 shares, which is 33% lower than its average volume.
• Analysts have varying opinions on SES AI, with Cantor Fitzgerald maintaining an "overweight" rating and a price target of $2.00, while Wall Street Zen downgraded the stock to a "sell" rating.
• Institutional investors have significantly increased their stakes, with Two Sigma Investments LP boosting its holdings by 666.4% in the last quarter.

SES AI Corporation (NYSE:SES - Get Free Report)'s stock price was up 16.5% on Monday . The company traded as high as $1.45 and last traded at $1.38. Approximately 13,289,059 shares were traded during trading, a decline of 33% from the average daily volume of 19,690,158 shares. The stock had previously closed at $1.18.

Analyst Ratings Changes

Several brokerages have recently weighed in on SES. Wall Street Zen cut shares of SES AI from a "hold" rating to a "sell" rating in a research note on Sunday, June 8th. Cantor Fitzgerald restated an "overweight" rating and set a $2.00 target price on shares of SES AI in a report on Tuesday, June 24th.

SES AI Price Performance

The firm has a 50-day moving average of $0.99 and a 200 day moving average of $0.86. The stock has a market capitalization of $445.73 million, a price-to-earnings ratio of -4.05 and a beta of 0.38.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of SES AI by 8.4% in the fourth quarter. Vanguard Group Inc. now owns 7,847,316 shares of the company's stock valued at $17,186,000 after purchasing an additional 608,676 shares during the period. Geode Capital Management LLC raised its holdings in SES AI by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 3,260,213 shares of the company's stock valued at $7,141,000 after acquiring an additional 165,589 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in SES AI during the first quarter worth approximately $1,064,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of SES AI by 14.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,200,895 shares of the company's stock worth $625,000 after acquiring an additional 151,420 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of SES AI by 2,314.7% during the first quarter. AQR Capital Management LLC now owns 1,138,003 shares of the company's stock worth $593,000 after acquiring an additional 1,090,875 shares during the period. 29.78% of the stock is owned by institutional investors and hedge funds.

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.