SES AI (NYSE:SES) Stock Rating Lowered by Wall Street Zen

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

A number of other equities research analysts have also issued reports on the company. Cantor Fitzgerald increased their price target on SES AI from $2.00 to $4.00 and gave the stock 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 research report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $4.00.

SES AI Stock Down 11.0%

NYSE SES opened at $2.02 on Friday. SES AI has a 52 week low of $0.38 and a 52 week high of $3.73. The company has a market capitalization of $737.44 million, a P/E ratio of -7.21 and a beta of 0.57. The stock’s 50-day moving average price is $2.07 and its 200-day moving average price is $1.84.

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

Insider Transactions at SES AI

In other news, insider Hong Gan sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $2.50, for a total transaction of $250,000.00. Following the sale, the insider directly owned 1,253,286 shares of the company’s stock, valued at $3,133,215. This represents a 7.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 500,000 shares of company stock valued at $1,108,000. Insiders own 13.80% of the company’s stock.

Institutional Investors Weigh In On SES AI

Several large investors have recently bought and sold shares of SES. Gainplan LLC purchased a new stake in SES AI during the fourth quarter valued at $30,000. Hudson Bay Capital Management LP purchased a new position in shares of SES AI in the 2nd quarter worth $31,000. Verdence Capital Advisors LLC increased its holdings in shares of SES AI by 42.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 20,000 shares of the company’s stock worth $33,000 after buying an additional 6,000 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of SES AI by 136.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 38,006 shares of the company’s stock valued at $34,000 after buying an additional 21,934 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of SES AI by 35.1% during the 3rd quarter. Raymond James Financial Inc. now owns 20,268 shares of the company’s stock valued at $34,000 after buying an additional 5,268 shares in 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.