SES AI (NYSE:SES) Trading Down 5.6% - Should You Sell?

Key Points

• SES AI Corporation's stock price fell by 5.6% to $1.76, with a significant drop in trading volume compared to its average daily volume.
• Wall Street analysts have mixed views, with one downgrading the stock from "hold" to "sell," while Cantor Fitzgerald maintains an "overweight" rating with a price target of $2.00.
• The company reported quarterly earnings that missed analysts' estimates, showing a loss of $0.07 per share against a consensus of $0.05.

SES AI Corporation (NYSE:SES - Get Free Report)'s stock price dropped 5.6% during trading on Monday . The company traded as low as $1.75 and last traded at $1.76. Approximately 3,735,019 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 17,020,182 shares. The stock had previously closed at $1.86.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SES shares. Wall Street Zen cut shares of SES AI from a "hold" rating to a "sell" rating in a report on Sunday, June 8th. Cantor Fitzgerald reissued an "overweight" rating and set a $2.00 price target on shares of SES AI in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, SES AI presently has an average rating of "Buy" and a consensus target price of $2.00.

SES AI Stock Down 7.8%

The company has a market cap of $627.21 million, a PE ratio of -5.56 and a beta of 0.40. The stock's 50 day simple moving average is $1.24 and its two-hundred day simple moving average is $0.96.

SES AI (NYSE:SES - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.07) earnings per share 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 the consensus estimate of $4.33 million. SES AI has set its FY 2025 guidance at EPS. Analysts forecast that SES AI Corporation will post -0.23 EPS for the current year.

Hedge Funds Weigh In On SES AI

Hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets purchased a new position in shares of SES AI in the 4th quarter valued at $44,000. Hudson Bay Capital Management LP purchased a new position in shares of SES AI in the 2nd quarter valued at $31,000. ProShare Advisors LLC raised its stake in shares of SES AI by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 36,677 shares of the company's stock valued at $80,000 after acquiring an additional 12,068 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of 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 acquiring an additional 21,934 shares during the period. Finally, Callan Family Office LLC purchased a new position in shares of SES AI in the 2nd quarter valued at $38,000. Hedge funds and other institutional investors 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.

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