SES AI (NYSE:SES) Trading 0.2% Higher – Should You Buy?

SES AI Corporation (NYSE:SES)’s stock price was up 0.2% during trading on Tuesday . The company traded as high as $0.53 and last traded at $0.5207. Approximately 9,053,001 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 12,754,010 shares. The stock had previously closed at $0.5197.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SES. Weiss Ratings upgraded SES AI from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft set a $1.10 price target on SES AI in a research note on Wednesday, August 12th. Finally, Wall Street Zen raised shares of SES AI from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $2.55.

SES AI Stock Performance

The stock’s fifty day simple moving average is $0.64 and its two-hundred day simple moving average is $1.00. The company has a market cap of $187.50 million, a price-to-earnings ratio of -2.52 and a beta of 1.00.

SES AI (NYSE:SES) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04). The business had revenue of $5.07 million during the quarter, compared to the consensus estimate of $5.60 million. SES AI had a negative return on equity of 26.21% and a negative net margin of 289.64%. Analysts predict that SES AI Corporation will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On SES AI

A number of large investors have recently modified their holdings of SES. Raymond James Financial Inc. lifted its stake in shares of SES AI by 35.1% in the 3rd quarter. Raymond James Financial Inc. now owns 20,268 shares of the company’s stock valued at $34,000 after purchasing an additional 5,268 shares in the last quarter. Mariner LLC increased its position in SES AI by 89.4% during the 4th quarter. Mariner LLC now owns 21,253 shares of the company’s stock worth $38,000 after purchasing an additional 10,031 shares in the last quarter. Bank of Montreal Can increased its position in SES AI by 56.1% during the 4th quarter. Bank of Montreal Can now owns 57,893 shares of the company’s stock worth $104,000 after purchasing an additional 20,807 shares in the last quarter. LPL Financial LLC raised its holdings in SES AI by 82.9% in the fourth quarter. LPL Financial LLC now owns 48,207 shares of the company’s stock valued at $87,000 after buying an additional 21,847 shares during the period. Finally, Pictet Asset Management Holding SA purchased a new position in SES AI in the fourth quarter valued at approximately $41,000. 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.