SES AI (NYSE:SES) Cut to Sell at Wall Street Zen

SES AI (NYSE:SES) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

SES has been the subject of a number of other reports. Cantor Fitzgerald raised their price objective on shares of SES AI from $2.00 to $4.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SES AI in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SES AI has a consensus rating of “Hold” and a consensus target price of $4.00.

SES AI Trading Down 11.0%

Shares of NYSE:SES opened at $2.02 on Friday. The stock has a fifty day simple moving average of $2.07 and a two-hundred day simple moving average of $1.84. SES AI has a 12-month low of $0.38 and a 12-month high of $3.73. The stock has a market capitalization of $737.44 million, a price-to-earnings ratio of -7.21 and a beta of 0.57.

SES AI (NYSE:SES) last released its earnings results on Wednesday, November 5th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The company had revenue of $7.12 million during the quarter, compared to analysts’ expectations of $4.58 million. SES AI had a negative return on equity of 35.31% and a negative net margin of 490.03%. As a group, equities research analysts predict that SES AI will post -0.23 EPS for the current year.

Insider Transactions at SES AI

In other news, insider Hong Gan sold 150,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $1.90, for a total transaction of $285,000.00. Following the sale, the insider owned 1,253,286 shares of the company’s stock, valued at $2,381,243.40. This trade represents a 10.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have sold 500,000 shares of company stock worth $1,108,000. 13.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gainplan LLC purchased a new position in shares of SES AI in the 4th quarter worth $30,000. Hudson Bay Capital Management LP purchased a new stake in shares of SES AI during the 2nd quarter valued at about $31,000. Verdence Capital Advisors LLC increased its position in shares of SES AI by 42.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 20,000 shares of the company’s stock valued at $33,000 after purchasing an additional 6,000 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted 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 worth $34,000 after purchasing an additional 21,934 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in shares of SES AI by 35.1% in the third quarter. Raymond James Financial Inc. now owns 20,268 shares of the company’s stock worth $34,000 after buying an additional 5,268 shares during 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.