SES AI (NYSE:SES) Trading 9% Higher – Time to Buy?

Shares of SES AI Corporation (NYSE:SES) rose 9% during mid-day trading on Thursday . The stock traded as high as $2.05 and last traded at $1.9950. Approximately 2,188,515 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 17,353,262 shares. The stock had previously closed at $1.83.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SES shares. Weiss Ratings reissued a “sell (d-)” rating on shares of SES AI in a research note on Wednesday, October 8th. Cantor Fitzgerald raised their target price on shares of SES AI from $2.00 to $4.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, SES AI currently has a consensus rating of “Hold” and an average price target of $4.00.

SES AI Stock Performance

The stock has a fifty day moving average of $2.24 and a 200-day moving average of $1.44. The company has a market cap of $663.78 million, a PE ratio of -6.48 and a beta of 0.54.

SES AI (NYSE:SES) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The company had revenue of $7.12 million for the quarter, compared to the consensus estimate of $4.58 million. SES AI had a negative net margin of 490.03% and a negative return on equity of 35.31%. SES AI has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that SES AI Corporation will post -0.23 EPS for the current fiscal year.

Insider Transactions at SES AI

In related news, insider Hong Gan sold 150,000 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $1.90, for a total value of $285,000.00. Following the transaction, the insider owned 1,253,286 shares of the company’s stock, valued at $2,381,243.40. This represents a 10.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 13.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SES AI

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Invesco Ltd. boosted its stake in shares of SES AI by 1,537.2% during the first quarter. Invesco Ltd. now owns 892,494 shares of the company’s stock valued at $465,000 after purchasing an additional 837,982 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in SES AI during the second quarter worth $125,000. HITE Hedge Asset Management LLC bought a new stake in SES AI during the 1st quarter valued at $339,000. Nuveen LLC purchased a new position in shares of SES AI in the 1st quarter valued at $233,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of SES AI by 14.4% in the 1st 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 in the last quarter. Institutional investors own 29.78% of the company’s stock.

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.