SES AI (NYSE:SES) Shares Up 9.1% – What’s Next?

SES AI Corporation (NYSE:SES)’s stock price was up 9.1% during trading on Thursday . The company traded as high as $1.42 and last traded at $1.3850. Approximately 3,090,285 shares were traded during trading, a decline of 64% from the average daily volume of 8,539,592 shares. The stock had previously closed at $1.27.

SES AI News Summary

Here are the key news stories impacting SES AI this week:

• Negative Sentiment: Multiple law firms are actively promoting class action lawsuits against SES AI, keeping legal risk and potential liability front and center for investors. Article Title
• Negative Sentiment: The lawsuits allege SES AI’s revenue expectations were unrealistic and highlight weak guidance, which reinforces concerns about the company’s near-term business outlook. Article Title
• Neutral Sentiment: Insider Kyle Pilkington sold 25,000 shares under a Rule 10b5-1 plan, which limits how bearish investors should read the transaction. Article Title

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of SES AI in a report on Monday, April 20th. Wall Street Zen upgraded SES AI from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Cantor Fitzgerald reiterated an “overweight” rating on shares of SES AI in a report on Thursday, March 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $1.40 price target on shares of SES AI in a report on Monday, April 27th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, SES AI has a consensus rating of “Hold” and a consensus price target of $2.70.

SES AI Price Performance

The company has a market capitalization of $522.43 million, a PE ratio of -6.43 and a beta of 0.84. The firm’s fifty day simple moving average is $1.07 and its 200 day simple moving average is $1.62.

SES AI (NYSE:SES) last posted its quarterly earnings results on Thursday, April 23rd. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02). SES AI had a negative net margin of 331.72% and a negative return on equity of 28.65%. The business had revenue of $6.71 million during the quarter, compared to analysts’ expectations of $3.65 million. On average, equities research analysts anticipate that SES AI Corporation will post -0.16 EPS for the current fiscal year.

Insider Buying and Selling

In other SES AI news, insider Kyle Pilkington sold 25,000 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $1.20, for a total value of $30,000.00. Following the sale, the insider directly owned 1,023,548 shares of the company’s stock, valued at approximately $1,228,257.60. This represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 13.80% of the company’s stock.

Institutional Investors Weigh In On SES AI

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in SES AI by 21.1% in the third quarter. Vanguard Group Inc. now owns 11,083,010 shares of the company’s stock valued at $18,509,000 after purchasing an additional 1,927,945 shares during the last quarter. Invesco Ltd. boosted its holdings in SES AI by 563.9% in the fourth quarter. Invesco Ltd. now owns 6,814,389 shares of the company’s stock valued at $12,266,000 after purchasing an additional 5,788,018 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in SES AI by 57.2% in the first quarter. Renaissance Technologies LLC now owns 4,596,252 shares of the company’s stock valued at $4,422,000 after purchasing an additional 1,671,610 shares during the last quarter. Geode Capital Management LLC boosted its holdings in SES AI by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 3,081,249 shares of the company’s stock valued at $5,549,000 after purchasing an additional 88,548 shares during the last quarter. Finally, State Street Corp boosted its holdings in SES AI by 150.2% in the fourth quarter. State Street Corp now owns 2,886,991 shares of the company’s stock valued at $5,197,000 after purchasing an additional 1,733,209 shares during the last quarter. 29.78% of the stock is 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.