SES AI (NYSE:SES) Trading 10.9% Higher - Still a Buy?

Key Points

• SES AI Corporation's share price rose by 10.9% to $3.52, although trading volume was down 78% from its average.
• Analyst ratings are mixed, with one analyst giving a Buy rating while another rates it as Sell, leading to a current average rating of "Hold" and a target price of $2.00.
• The company reported a $0.07 loss per share in its latest earnings, missing estimates, and has a market capitalization of $1.19 billion.

SES AI Corporation (NYSE:SES - Get Free Report)'s share price shot up 10.9% during trading on Wednesday . The stock traded as high as $3.30 and last traded at $3.52. 3,852,151 shares were traded during mid-day trading, a decline of 78% from the average session volume of 17,516,324 shares. The stock had previously closed at $3.17.

Analyst Ratings Changes

SES has been the topic of a number of research reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $2.00 price target on shares of SES AI in a research report on Tuesday, June 24th. Weiss Ratings restated a "sell (d-)" rating on shares of SES AI in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $2.00.

SES AI Trading Up 2.4%

The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -10.47 and a beta of 0.50. The company's 50 day moving average is $1.54 and its 200-day moving average is $1.12.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC purchased a new position in SES AI during the first quarter worth about $26,000. CWM LLC boosted its stake in SES AI by 1,427.9% in the first quarter. CWM LLC now owns 55,462 shares of the company's stock valued at $29,000 after acquiring an additional 51,832 shares during the last quarter. Voya Investment Management LLC purchased a new position in SES AI in the first quarter valued at about $31,000. Hudson Bay Capital Management LP purchased a new position in SES AI in the second quarter valued at about $31,000. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of SES AI by 136.5% during the 2nd 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 in the last quarter. 29.78% of the stock is currently owned by hedge funds and other institutional investors.

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.

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