SES AI (NYSE:SES) Stock Price Up 14.2% - Still a Buy?

Key Points

• SES AI's stock price surged by 14.2% on Thursday, reaching a high of $1.55 after closing at $1.30, despite a trade volume that was 53% below its average.
• Analyst ratings for SES AI are mixed, with Cantor Fitzgerald maintaining an "overweight" rating and a target price of $2.00, while Wall Street Zen has downgraded the stock from "hold" to "sell."
• In the second quarter, several institutional investors, including Hudson Bay Capital and Tower Research Capital, increased their positions in SES AI, contributing to 29.78% of the stock being owned by institutional investors.

SES AI Corporation (NYSE:SES - Get Free Report)'s share price rose 14.2% during mid-day trading on Thursday . The stock traded as high as $1.55 and last traded at $1.49. Approximately 7,904,396 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 16,852,248 shares. The stock had previously closed at $1.30.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SES. Wall Street Zen lowered shares of SES AI from a "hold" rating to a "sell" rating in a research report on Sunday, June 8th. Cantor Fitzgerald restated an "overweight" rating and set a $2.00 price objective on shares of SES AI in a report on Tuesday, June 24th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $2.00.

SES AI Trading Up 17.4%

The stock has a 50-day moving average price of $1.16 and a two-hundred day moving average price of $0.91. The stock has a market cap of $678.41 million, a price-to-earnings ratio of -5.98 and a beta of 0.40.

SES AI (NYSE:SES - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $3.53 million during the quarter, compared to analyst estimates of $4.33 million. SES AI has set its FY 2025 guidance at EPS. Research analysts predict that SES AI Corporation will post -0.23 earnings per share for the current fiscal year.

Institutional Trading of SES AI

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hudson Bay Capital Management LP purchased a new stake in SES AI during the 2nd quarter valued at about $31,000. Tower Research Capital LLC TRC boosted its position in SES AI by 225.5% in the second quarter. Tower Research Capital LLC TRC now owns 93,051 shares of the company's stock valued at $83,000 after buying an additional 64,461 shares during the last quarter. Brevan Howard Capital Management LP acquired a new position in SES AI in the 2nd quarter worth approximately $205,000. Baird Financial Group Inc. purchased a new position in SES AI during the 2nd quarter worth approximately $689,000. Finally, Invesco Ltd. lifted its stake in SES AI by 3.1% during the 2nd quarter. Invesco Ltd. now owns 920,259 shares of the company's stock valued at $817,000 after acquiring an additional 27,765 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.