SES AI (NYSE:SES) Trading 10.7% Higher – Still a Buy?

SES AI Corporation (NYSE:SES)’s share price traded up 10.7% during trading on Friday . The stock traded as high as $1.79 and last traded at $1.8160. 995,556 shares were traded during trading, a decline of 86% from the average session volume of 6,951,696 shares. The stock had previously closed at $1.64.

Wall Street Analysts Forecast Growth

SES has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SES AI in a report on Wednesday, January 21st. Wall Street Zen cut shares of SES AI from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Finally, Cantor Fitzgerald lifted their target price on shares of SES AI from $2.00 to $4.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $4.00.

SES AI Price Performance

The stock has a market capitalization of $689.98 million, a PE ratio of -6.75 and a beta of 0.57. The firm’s 50 day simple moving average is $2.07 and its 200 day simple moving average is $1.88.

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

Insider Activity

In other news, insider Hong Gan sold 150,000 shares of SES AI stock in a transaction dated 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 in the company, valued at approximately $2,381,243.40. The trade was a 10.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 500,000 shares of company stock worth $1,108,000 over the last quarter. 13.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SES AI

Institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new stake in shares of SES AI during the second quarter valued at approximately $676,000. Franklin Resources Inc. bought a new stake in SES AI during the 2nd quarter valued at $543,000. Callan Family Office LLC bought a new stake in SES AI during the 2nd quarter valued at $38,000. Y Intercept Hong Kong Ltd purchased a new stake in SES AI during the 2nd quarter valued at $41,000. Finally, SBI Securities Co. Ltd. grew its holdings in SES AI by 143.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 67,988 shares of the company’s stock worth $60,000 after acquiring an additional 40,008 shares during the last quarter. 29.78% of the stock is currently owned by hedge funds and other institutional investors.

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.