SES AI (NYSE:SES) Trading Down 4.5% – Time to Sell?

SES AI Corporation (NYSE:SES) fell 4.5% during trading on Tuesday . The company traded as low as $1.83 and last traded at $1.8250. 5,823,360 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 16,213,785 shares. The stock had previously closed at $1.91.

Analyst Ratings Changes

A number of research firms have commented on SES. Weiss Ratings restated a “sell (d-)” rating on shares of SES AI in a research note on Wednesday, October 8th. Cantor Fitzgerald raised their target price on SES AI from $2.00 to $4.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. 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 MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $4.00.

SES AI Trading Down 4.5%

The company has a market cap of $666.25 million, a PE ratio of -6.52 and a beta of 0.56. The company has a fifty day simple moving average of $2.09 and a two-hundred day simple moving average of $1.64.

SES AI (NYSE:SES) last issued its earnings results on Wednesday, November 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). SES AI had a negative net margin of 490.03% and a negative return on equity of 35.31%. The firm had revenue of $7.12 million during the quarter, compared to analyst estimates of $4.58 million. On average, research analysts anticipate that SES AI Corporation will post -0.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Hong Gan sold 100,000 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $1.98, for a total value of $198,000.00. Following the transaction, the insider owned 1,253,286 shares in the company, valued at approximately $2,481,506.28. This represents a 7.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SES AI

Hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of SES AI by 14.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,200,895 shares of the company’s stock worth $625,000 after buying an additional 151,420 shares during the last quarter. Invesco Ltd. raised its stake in SES AI by 1,537.2% during the 1st quarter. Invesco Ltd. now owns 892,494 shares of the company’s stock worth $465,000 after acquiring an additional 837,982 shares in the last quarter. Nuveen LLC purchased a new stake in SES AI in the first quarter valued at $233,000. Ieq Capital LLC acquired a new position in SES AI in the first quarter valued at $76,000. Finally, AQR Capital Management LLC grew its holdings in shares of SES AI by 2,314.7% during the first quarter. AQR Capital Management LLC now owns 1,138,003 shares of the company’s stock worth $593,000 after purchasing an additional 1,090,875 shares during the last quarter. 29.78% of the stock is currently owned by hedge funds and other 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.