SES AI (NYSE:SES) Stock Price Up 17.4% – Here’s Why

SES AI Corporation (NYSE:SES)’s stock price shot up 17.4% on Friday . The company traded as high as $2.10 and last traded at $2.06. 9,368,261 shares were traded during trading, a decline of 45% from the average session volume of 16,888,018 shares. The stock had previously closed at $1.75.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SES. Cantor Fitzgerald restated an “overweight” rating and set a $2.00 price objective on shares of SES AI in a research note on Tuesday, June 24th. Wall Street Zen lowered shares of SES AI from a “hold” rating to a “sell” rating in a research note on Sunday, June 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of SES AI in a research note on Saturday, September 27th. One research 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 has an average rating of “Hold” and an average price target of $2.00.

SES AI Price Performance

The business’s 50 day moving average price is $1.30 and its 200 day moving average price is $1.00. The stock has a market capitalization of $755.21 million, a P/E ratio of -6.66 and a beta of 0.50.

SES AI (NYSE:SES) last announced its quarterly earnings results on Monday, August 4th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The firm had revenue of $3.53 million for the quarter, compared to analysts’ expectations of $4.33 million. SES AI has set its FY 2025 guidance at EPS. As a group, analysts forecast that SES AI Corporation will post -0.23 earnings per share for the current fiscal year.

Institutional Trading of SES AI

A number of large investors have recently made changes to their positions in SES. Signaturefd LLC bought a new stake in SES AI during the first quarter valued at approximately $26,000. CWM LLC grew its position in SES AI by 1,427.9% during the first quarter. CWM LLC now owns 55,462 shares of the company’s stock valued at $29,000 after buying an additional 51,832 shares during the period. Voya Investment Management LLC bought a new stake in SES AI during the first quarter valued at approximately $31,000. Hudson Bay Capital Management LP bought a new stake in SES AI during the second quarter valued at approximately $31,000. Finally, Vanguard Personalized Indexing Management LLC grew its position in SES AI by 136.5% during the second 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 during the period. 29.78% of the stock is currently 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.